2020.08.04

News Headlines - 04 August 2020

Japan gov't says no problem with Abe's health after blood-vomiting report

The top Japanese government spokesman denied Tuesday that Prime Minister Shinzo Abe has been in poor health following a report in a weekly magazine that said the premier had vomited blood at his office in July... The latest edition of the weekly magazine Flash, which hit newsstands Tuesday, said speculation is rife that Abe vomited blood on July 6, pointing out that the premier's schedule showed no activity for about five hours that afternoon.

SoftBank Group failed to declare ¥40 billion in taxable income in fiscal '18 | The Japan Times

SoftBank Group Corp. said Tuesday it had failed to declare about ¥40 billion ($377 million) in taxable income in the business year through March 2019... Of the ¥40 billion, about ¥17 billion was underreported after the group miscalculated the yen value of a dollar-denominated debt it owed to a subsidiary in Japan by applying an incorrect foreign exchange rate, the sources said.
The authorities also did not accept SoftBank Group’s booking of about ¥14 billion as expenses for reward payments to an overseas subsidiary that manages the SoftBank Vision Fund, a venture capital fund focused on the technology sector, the sources said.

Lord & Taylor, Oldest U.S. Department Store, Files For Bankruptcy : NPR

Lord & Taylor, the oldest U.S. department store chain, has joined the cascade of retailers tumbling into bankruptcy during the coronavirus pandemic. Sunday's filing comes less than a year after Lord & Taylor was acquired by an online clothing-rental startup called Le Tote... At almost 200 years old, Lord & Taylor is credited with launching the first personal shoppers in the 1950s and even inventing the department store window display in the 1930s, featuring bleached cornflakes for snowflakes.
Selling itself to a 7-year-old startup was the company's last-ditch effort to bounce back. Last year, before the sale to Le Tote, Lord & Taylor had closed its flagship store on Manhattan's 5th Avenue and sold the iconic building to WeWork.

News Corp: Rupert Murdoch's son James quits company - BBC News

Mr Murdoch has previously criticised News Corp outlets, which include the Wall Street Journal, for climate change coverage.
In recent years James Murdoch has also found himself at odds - politically - with his father, BBC North America correspondent David Willis says.
Whilst Murdoch Senior has pledged support for Donald Trump, James Murdoch has reportedly contributed hundreds of thousands of dollars to the campaign of Mr Trump's Democratic rival, Joe Biden.

Neil Young Sues To Stop Trump From Using His Songs : NPR

One of America's most beloved musicians, Neil Young, has filed a civil lawsuit against President Trump's reelection campaign. Young's mission: to get Trump supporters to stop rocking out to "Rockin' in the Free World" and "Devil's Sidewalk" at his campaign events and rallies.
The copyright infringement lawsuit, which was filed in federal court in New York, was first reported by The Hollywood Reporter and is available to read in full on Young's website.

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