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SoftBank will own just over half of Monet, the new venture, while Toyota will own the rest.
It is the latest in a series of unmanned development partnerships announced by technology companies and automakers. The $ 100 billion Vision Fund of SoftBank, its technology-driven investment arm, had already committed $ 2.3 billion to General Motors' GM Cruise Self-Drive Unit.
2. Facebook under investigation: The Irish Data Protection Commission has launched an official investigation into Facebook hacking involving up to 50 million accounts.
The Commission will examine whether the company has complied with its obligations under the new EU data protection legislation which came into force in May.
Irish regulators are investigating because Facebook's international headquarters are in Dublin.
There are still many unanswered questions about the hack: Who realized it? And what were they trying to access?
3. Assignment of the bonds: The 10-year US Treasury yield reached its highest level in seven years after the release of positive economic data.
US hiring data released Wednesday was better than expected, and momentum could continue Thursday if initial demand adds to optimism. The strength of the US economy and expectations of rate hikes by the Federal Reserve are fueling the trend.
"The underlying message is that the US economy is not only in top form, it is on fire," said Kit Juckes, strategist at Societe Generale.
4. CNN means company: Thursday, CNNMoney becomes CNN's newest venture, covering businesses, personalities and business-building innovations.
This new initiative will focus on the biggest financial story of our generation: how technology is shaking up every corner of the global economy, forcing businesses, workers and society itself to adapt quickly or to stay in business. dragged
7. Coming this week:
Thursday – Costco profit; Launch of CNN Business
Friday – Report on American Jobs
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