Archive : 上海夜网NK

SoftBank drops 10 percent after OneWeb files for bankruptcy

first_imgSon had often pointed to OneWeb as one of the cornerstones of an investment portfolio that ranges from ride sharing, co-working and robotics to agriculture, cancer detection and autonomous driving. The startup was working on providing affordable high-speed access anywhere in the world and targeting 1 billion subscribers by 2025. Son has painted a picture of a future where satellite networks cover every inch of the Earth and a trillion devices connected to the internet disgorge data into the cloud where it is analyzed by artificial intelligence.OneWeb listed liabilities and assets of more than $1 billion each in its Chapter 11 petition in US Bankruptcy Court in White Plains, New York. The company had been in advanced discussions earlier in the year for a fresh investment, it said in a statement. But the discussions fell apart after the coronavirus pandemic sent markets into a tailspin, it said.The company had been mulling a Chapter 11 filing even as it continued to review possible out-of-court alternatives, people with knowledge of the matter told Bloomberg News on March 19.The satellite operator said it will pursue a sale process during the court reorganization and is in talks for so-called debtor-in-possession financing that would allow the company to fund its obligations during the proceedings.OneWeb makes low-orbit satellites that provide high-speed communications. It faces high-profile competition, including from Elon Musk’s SpaceX Starlink project and Jeff Bezos’s Amazon-linked Project Kuiper effort, while incumbents in the space include Inmarsat, Intelsat SA and Eutelsat Communications SA.At the time of its filing, OneWeb owed $238 million to Arianespace, its satellite launch operator, according to the court document. Arianespace, headquartered near Paris, describes itself on its website as the world’s first commercial space transportation company.Topics : SoftBank Group fell as much as 10 percent after a satellite operator it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.OneWeb made the filing late Friday US time after raising about $3.3 billion in debt and equity financing from shareholders including SoftBank, Airbus and Qualcomm since its inception. At least $1 billion of that came from SoftBank, which said it first invested in December 2016 and declined to give a total amount.It is the latest blow to SoftBank founder Masayoshi Son, who last week unveiled a plan to raise $41 billion to buy back shares and slash debt. The announcement sent the shares soaring more than 50 percent in just a few days. The rally was interrupted when Moody’s Corp. cut its debt rating by two notches, saying the Japanese investment firm’s plan to sell off assets during a market downturn threatened its total value. SoftBank’s shares traded 6.7 percent lower on Monday morning in Tokyo.last_img read more

The winter signings of Deportivo enter simmer

first_imgThe figures of the other five are far from this. The only one who has started is Uche Agbo, who played 58 against him. Albacete but since then it has not been summoned again. Beauvue, now injured, played 36 ‘in two games. Keko and Hugo Vallejo debuted on par against him Alcorcón, before which they played their only 23 minutes. Jovanovic’s case is different, as he arrives as a second goalkeeper replacing a Koke Vegas who returned to Levante without debuting in the League. Among these five signings only add 140 minutes and none points to the holder in Zaragoza. The arrival of Fernando Vidal brought a revolution in the workforce of Depor in the winter market, the largest of all Second. Six players left during the month of January (Koke Vegas, Lampropoulos, Borja Galán, Jovanovic, Beto da Silva and Longo) and seven arrived (Jovanovic, Uche Agbo, Keko Gontán, Hugo Vallejo, Çolak, Beauvue and Sabin Merino). With the colista team and a horrible trajectory, an almost total turnaround of the eleven was expected, which for now has not been such. In fact, most of the new ones are having a hard time finding their place in the eleven of Vazquez.Of the seven additions only two are holders, both with great performance. This is Sabin Merino (five home games, four goals and 418 minutes played) and Emre Çolak (four titles, both 346 ’).last_img read more

Palm-fronds collapse, hurting tree trimmer

first_img[email protected] 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! AD Quality Auto 360p 720p 1080p Top articles1/5READ MORECoach Doc Rivers a “fan” from way back of Jazz’s Jordan ClarksonRescuers worked for 37 minutes to cut the branches away and free the man, who was lowered to the ground with a rope. The tree trimmer’s injuries were not life-threatening, but he became very weak during the rescue. He was taken to County Harbor-UCLA Medical Center near Torrance. The type of accident is a common hazard for tree trimmers working with palm trees and sometimes proves fatal, firefighters said. “It’s like a ring of dead fronds, and the weight of those things by themselves will come down and trap the tree trimmer,” Brown said. “That’s a lot of weight.” The crown dust also poses the risk of suffocation, he said. A tree trimmer working north of Gardena was rescued Friday when a ring of palm fronds collapsed around him, pinning him to the tree trunk 35 feet off the ground. The 30-year-old man’s colleagues called firefighters shortly after 11:15 a.m. as he worked between two houses at 121st Street and Normandie Avenue in the unincorporated Athens area, county fire Capt. Mike Brown said. “He was trimming the dead branches when the crown of the palm tree released and basically collided on top of him,” Brown said. “He was put in a position where he was attached to the tree and had to bear the weight of the crown.” The tree trimmer was not visible from the ground when firefighters arrived. last_img read more