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Toshiba has announced a 2 trillion yen, or $14 billion, tender offer in a move that would take it private, as the scandal-tarnished Japanese electronics and energy giant seeks to turn itself around TOKYO -- Toshiba announced a 2 trillion yen ($14 billion) tender offer on Monday in a move that would take it private, as the Scandal -tarnished Japanese electronics and energy giant seeks to turn itself around. The tender offer led by a buyout fund of major Japanese banks and companies called Japan Industrial Partners starts Tuesday and is priced at 4,620 yen ($32) a share. Chairperson Akihiro Watanabe asked shareholders to back the proposal, saying it is the only option for Toshiba Corp. to return to its former strength. “This move for Toshiba is great not only for Japan but also for the world,” he said. “I have faith in the revival of Toshiba.” Tokyo-based Toshiba also reported a 25 billion yen ($176 million) loss for the April-June quarter on 704 billion yen ($5 billion) in sales, down ...

Kevin Love has found a new NBA home. After agreeing to a buyout with the Cleveland Cavaliers on Saturday, Love will sign with the Miami Heat for the remainder of the season, he confirmed Sunday. Love also talked with the Philadelphia 76ers before deciding to sign with the Heat. With the Heat he figures to have a sizable role as Miami makes a playoff push over the backend of the season.  In Miami, Love will provide the Heat with some added frontcourt depth, giving them a floor spacing forward who can still knock down 3s at a high clip. On the season, Love is shooting 35 percent from long range, and he's a career 37 percent shooter from beyond the arc.  Love suited up for the Cavs for nine seasons from 2014 to 2023 and played an integral role when the team made four straight NBA Finals appearances from 2015 to 2018 and captured the first championship in franchise History in 2016. He was the last remaining me...

Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California SAN FRANCISCO -- Lawyers for Tesla shareholders suing the electric vehicle maker's CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire's request to move an upcoming trial to Texas from California. Musk contends he will be treated unfairly by potential jurors in the San Francisco federal court where the 4-year-old case was filed. But in a Wednesday filing, the Tesla shareholders' attorneys asserted there aren't any legal grounds to move the upcoming trial that revolves around an Aug. 7, 2018 tweet in which Musk indicated he had lined up financing for a Tesla buyout — a deal that never materialized and resulted in a $40 million settlement with U.S. securities regulators. The lawyers also argued Musk only has himsel...