SoftBank Corp. founder Masayoshi Son will surpass Uniqlo’s Tadashi Yanai as Japan’s richest man within a year, transforming a wealth shortfall of about $2.4 billion into a $3.4 billion lead, share-price forecasts indicate.
Nestle SA, which agreed to sell part of its stake in cosmetics maker L’Oreal SA, has underperformed most of its global units, with shares traded in Switzerland trailing those from India to Israel and Pakistan to Nigeria.
Birmingham International Holdings Ltd., owner of English soccer team Birmingham City, said that Carson Yeung, awaiting the result of a money laundering trial in Hong Kong, resigned as an executive director and chairman.
Citic Pacific Ltd.’s former deputy head of finance Chui Wing Nin pleaded guilty to two counts of insider trading at his retrial and was sentenced to nine months in prison, Hong Kong’s securities regulator said.
Apple Inc. added Flextronics International Ltd. as an assembler of Mac computers last year as Chief Executive Officer Tim Cook pushes forward with plans to have more of the company’s devices made in the U.S.
China has started briefing officials about a corruption investigation of Zhou Yongkang, the nation’s former security chief, paving the way for a public announcement soon, the South China Morning Post said.
Steve Ballmer’s tenure as Microsoft Corp. chief executive officer is poised to end with Apple Inc. and Google Inc. bigger by value. His 14-year stint also had brief periods when Cisco Systems Inc. and Intel Corp. held the title of most-valuable technology company.
The Chinese province where Australian Open tennis champion Li Na grew up defended its decision to award her 800,000 yuan ($132,000) amid criticism the money could have been better spent, state media reported.
Thailand, in the midst of protests seeking to oust Prime Minister Yingluck Shinawatra on claims she runs a corrupt government, has recorded budget deficits and income growth similar to its neighbors’ since her brother, Thaksin, was sworn in to the same office back in 2001.