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Kioxia Stock Splits 3-for-1 on October 5 as Tokyo Exchange Pushes Lower Entry Prices
Kioxia splits stock 3-for-1 on Sept 29. Tokyo Exchange pushed 760+ firms to split since 2022 to lower entry prices below 500,000 yen for retail investors and new NISA participants.
Philippines-Singapore Cable Restored After October 2 Outage
Philippines-Singapore submarine cable outage on October 2 disrupted internet for PLDT, Globe, and Converge users. The C2C cable was restored by October 3 after telcos rerouted 300Gbps of traffic.
Benny Johnson Sued for Defamation by ICE Protesters Over ‘Terrorist’ Videos
Harvard data scientist Kyle Frankovich and court reporter Maureen Foody sued Benny Johnson for defamation after he called them ‘left-wing terrorists’ in ICE ride-along videos. Neither was charged with a crime.
Prudential Life Faces 3-Month Sales Suspension Over ¥3.1B Fraud Scandal
Japan’s FSA orders Prudential Life to suspend new insurance sales for 3+ months after employees defrauded 500 customers of ¥3.1 billion over 35 years. Parent company also faces improvement order.
Getty Images Avoids Default, Faces NYSE Delisting October 3
Getty Images avoids default with last-minute $51.6M bond payment but faces NYSE delisting. Stock down 99% since 2022 SPAC debut as AI competition pressures stock imagery business.
Nike Stock Hits 13-Year Low as Q1 Revenue Misses, Layoffs Loom
Nike shares plunge 9% to 13-year low after Q1 revenue miss and weak FY2027 outlook. Company plans $2.5B cost cuts and layoffs starting 2027.
ANZ Drops KPMG as Auditor After 57 Years Amid Scandal
ANZ ends 57-year audit relationship with KPMG, worth A$29 million annually, as the accounting firm faces fallout from whistleblower allegations over confidential data misuse.
DFI Retail Grabs Full Starbucks Control in Asia for US$340M on October 1
DFI Retail takes full control of 1,100+ Starbucks stores across Asia for US$340M cash, exiting Maxim’s joint venture. Stock jumps 6.6% as company targets billion-dollar business in three years.
Victoria Point Man Wins $1.2m TattsLotto Prize on October 2
A Strathbogie Shire man won $1,247,390.16 in TattsLotto draw 4715 after receiving a call from The Lott while heading home from the dentist. The ticket was purchased in Euroa.