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Monthly Archive:: May 2016

SoftBank to Sell a Stake in Alibaba

Photo Masayoshi Son, founder and chief executive of SoftBank, in 2014. He will remain on Alibaba’s board. Credit Eugene Hoshiko/Associated Press SAN FRANCISCO — SoftBank, the Japanese telecommunications company, said on Tuesday that it planned to sell about $8 billion worth of its stake in the Alibaba Group of China to help pay down its

Correction: Priciest Apartment story

The average Manhattan apartment is going for $2 million these days, and the most expensive New York condo went for $100.5 million in 2014. NEW YORK (AP) — In a story May 29 about Manhattan apartments costing $100 million and more, The Associated Press erroneously conflated the names of two skyscrapers being built on 57th