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Ericsson To Take SEK 14.2 Bln Write-down In Q4

Swedish telecom equipment maker Ericsson (ERIC) said Tuesday that it will take a write-down of 14.2 billion Swedish kronor, or $1.8 billion, following the impairment testing of its businesses. The company also expects a non-cash charge of about 1.0 billion kronor due to the recent U.S. tax reform.

Nikkei: SoftBank Plans $18 Bln IPO Of Mobile Phone Unit This Year

Japan's SoftBank Group Corp (SFTBF.PK) plans to list its mobile phone unit SoftBank Corp. this year, the Nikkei newspaper reported Monday. The IPO in Tokyo and overseas this year is reportedly expected to bring in about 2 trillion yen, or $18 billion, in one of the largest IPOs ever for a Japanese company.

Eastman Kodak Pulls Back Off Best Levels But Remains Sharply Higher

After gapping open sharply higher, shares of Eastman Kodak (KODK) have pulled back off their best levels of the day but remain firmly positive in afternoon trading on Wednesday.

Pharma News Today (TRVN,FPRX,TTPH)

Trevena, Inc. (TRVN) on Tuesday announced that the U.S. Food and Drug Administration (FDA) has accepted the company's New Drug Application (NDA) for OLINVO (oliceridine), a moderate to severe acute pain reliever injection. The Company expects that the PDUFA date for the NDA will be in the fourth quarter of 2018.

SoftBank Buys Major Stake In Uber

Uber Technologies Inc. shareholders have agreed to sell a significant stake in the ride-hailing company to an investor consortium led by Japan's SoftBank Group Corp (SFTBF.PK). The deal values Uber at $48 billion, a nearly 30 percent discount to the company's previous valuation of about $68 billion.

Apple Sued After It Admits To Slowing Down Older IPhones

A lawsuit has been filed against Apple Inc. (AAPL) after the tech giant admitted to purposefully slowing down older iPhone models in order to prolong the life of the devices.
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