Japan’s national and Tokyo governments are planning to list Tokyo Metro in an IPO with a 700 billion yen valuation, potentially the country’s largest in six years. They aim to sell half of the subway operator, raising 350 billion yen, surpassing recent IPOs and becoming a significant national story in the business and finance sector in Japan.
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Intel Names Lip-Bu Tan as New C.E.O. Amid Turnaround Efforts
Intel, a struggling semiconductor company, has appointed Lip-Bu Tan as its new CEO to help restore its reputation and market share. Tan, a seasoned business leader, faces the challenge of revitalizing the company after years of decline, including job cuts and loss of market value. Investors have responded positively to Tan's appointment, with Intel's stock price rising over 11% in aftermarket trading. Full Article
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