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Sony stock jumps after first-ever share buyback announcement

Friday, February 8, 2019, 8:17 PM

Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a-hammering-days earlier when investors freaked over lackluster earnings. The announcement marked Japan's second major-buyback this week after tech investor SoftBank Group Corp scheduled repurchase of 600 billion yen in shares using proceeds from IPO of its telecoms unit, sending its stock price soaring.
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SoftBank's Son unveils $5.5 billion buyback, laments share price

Wednesday, February 6, 2019, 8:51 PM

Japan's SoftBank Group Corp announced $5.5 billion share buyback as it reported a 60% increase in quarterly operating profit buoyed by rising valuations for its technology investments. Funded by proceeds from the bumper IPO of its domestic telco, founder and Chief Executive Masayoshi Son said the buyback its largest-ever was driven by what he sees as a chronic undervaluation of SoftBank's shares.
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Potassium Cyanide Likely Sent To Japanese Newspaper, Pharma Firms: Report

Tuesday, January 29, 2019, 7:27 PM

Envelopes containing threatening letters and a powder believed to be potassium cyanide have been sent to over a dozen Japanese companies including newspapers and drug makers over the past several days, local media reported on Tuesday. The senders' names on the envelopes were executed leaders of Aum Shinrikyo doomsday cult, media reported. Police identified some of the powder in the envelopes as potassium cyanide.

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