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Apple supplier Japan Display logs 11th straight quarterly net loss

“TOKYO (Reuters) – Japan Display reported on Wednesday an 11th consecutive quarterly net loss on sluggish display sales and restructuring costs as the cash-strapped company scrambles to clinch a bailout deal with Apple Inc and other investors” writes Midwest Communications Inc for 95kqds.com. Japan Display is seeking to raise at least 50 billion yen ($470 million), having had to scramble after Chinese investment firm Harvest suddenly pulled out of a bailout plan. Source: 95kqds.com

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SoftBank likely had the Vision Fund on its mind when it decided to rescue WeWork

“But that’s almost certainly not his only motivation for making the investment, business and investment experts told Business Insider” writes Troy Wolverton for businessinsider.com. In a press release Tuesday evening announcing the bailout, SoftBank didn’t mention the Vision Fund as a motivation.WeWork is one of the biggest stakes held by the Vision Fund, the gigantic venture fund that Son set up three years ago.SoftBank’s attempt to lure investors to the second fund came as its strategy for the first Vision Fund started faltering. Source: businessinsider.com

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WSJ: SoftBank, WeWork’s largest investor, takes control of the embattled office company …

“SoftBank, WeWork’s largest investor, is attempting to rescue the embattled office company with a bailout plan reported Tuesday by The Wall Street Journal” writes Meghan Morris for businessinsider.com. Dunlevie is a general partner at the WeWork investor Benchmark Capital, while Frankfort was the CEO of the handbag company Coach.The Japanese investor will provide the WeWork cofounder Adam Neumann with almost $1.7 billion.Neumann will maintain a stake in the company and stay on as a board observer — someone who attends board meetings but does not vote. Source: businessinsider.com

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WeWork valuation could slip below $8 billion in Softbank bailout

“A valuation of less than $8 billion would represent a stark drop-off from SoftBank’s recent $47 billion private valuation of WeWork in January” writes Aaron Holmes for businessinsider.com. SoftBank is mulling the possible valuation as part of a proposed WeWork bailout, according to the report.The Japanese company, already WeWork’s largest investor, is reportedly sharing its proposal with about 100 investors in order to shore up support for the debt offering. Source: businessinsider.com

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WeWork’s valuation could reportedly slip below $8 billion as part of SoftBank’s proposed bailout of the embattled company

“SoftBank is mulling the possible valuation as part of a proposed WeWork bailout, according to the report” writes Aaron Holmes for businessinsider.com. The Japanese company, already WeWork’s largest investor, is reportedly sharing its proposal with about 100 investors in order to shore up support for the debt offering. Source: businessinsider.com

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Apple supplier Japan Display aims to seal $468 million bailout deal by end-October – CEO

“TOKYO (Reuters) – Apple Inc supplier Japan Display Inc aims to seal a revised bailout deal by the end of this month for at least 50 billion yen ($468 million) in vital funding, its new chief executive said on Monday” writes Midwest Communications Inc for 95kqds.com. “We are close to (raising) 50 billion and I believe we can cement the deal this month,” Kikuoka, who took the helm of the cash-strapped display maker in September, said. Source: 95kqds.com

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Brecksville council candidates debate Four Seasons bailout

“According to Councilman Jack Petsche, who voted against the Four Seasons bailout, council discussed Four Seasons in four executive or private sessions over several weeks leading up to the Aug. 7, 2018, public council meeting” writes Rsandrick Yahoo Com for cleveland.com. City officials believed lawsuits were possible if the city tried to collect back sewer taxes from Four Seasons residents, and they also considered suing the county for the tax shortfall.BRECKSVILLE, Ohio — Last fall, hundreds of residents packed City Council chambers — on more than one occasion — to…

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Thomas Cook has approached UK government for bailout funds: FT

“Thomas Cook, one of the world’s oldest holiday companies, could leave hundreds of thousands of holidaymakers stranded if it fails to find funds” writes Midwest Communications Inc for 95kqds.com. (Reuters) – Britain’s Thomas Cook Group Plc has approached the UK government for a bailout in an attempt to save itself from collapse after its lenders threatened to pull out of a proposed rescue deal, the Financial Times reported late on Friday. Source: 95kqds.com

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Fight to repeal Ohio’s nuclear bailout law heats up to unprecedented levels. But why?

“Supporters include labor unions, nuclear power advocates and local officials from areas near the nuclear plants” writes Tobias Atobias Cleveland for cleveland.com. COLUMBUS, Ohio — Ohioans are watching an unprecedented political fight play out over an effort to repeal a bailout of the state’s two nuclear plants.Mike DeWine in July, subsidizes two Ohio nuclear plants owned by FirstEnergy Solutions, as well as two coal plants — one in Ohio and another in Indiana — owned by Ohio utility companies.That would cut off the extra funding HB6 gives the nuclear plants…

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Nuclear bailout referendum petitioner calls cops over confrontation with petition ‘blocker’

“Supporters of the measure include labor unions, nuclear power advocates, and local officials from areas near the nuclear plants” writes Tobias Atobias Cleveland for cleveland.com. The same bank invested in plants owned by FirstEnergy, which is associated with the nuclear plants benefitted by HB6.HB6 rescues two nuclear plants owned by FirstEnergy Solutions — the Davis-Besse plant near Toledo and the Perry plant northeast of Cleveland.Opponents say HB6 is a corporate bailout for two mismanaged, privately owned plants. Source: cleveland.com

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