T-Mobile US Inc. Chief Executive Officer John Legere defended his planned takeover of Sprint Corp. to top Justice Department officials in a bid to head off worries the combination of the two wireless carriers could harm consumers, according to two people familiar with the matter.
A debt crisis at one of China’s most well-known private conglomerates entered a new stage Thursday, with the company saying cross-default clauses had been triggered on dollar bonds worth $800 million.
Pinterest Inc. and Zoom Video Communications Inc. hit the public markets Thursday in soaring debuts, setting the pace for other so-called unicorns racing toward initial public offerings.
Uber Technologies Inc. secured a $1 billion investment from three Japanese companies, ahead of an initial public offering expected next month.
Japan’s key inflation gauge inched higher before an expected downturn in price pressures later this year adds to challenges facing the central bank.
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