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Rakuten to reorganize financial units amid mounting mobile losses

Rakuten Group Inc. said Monday it plans to reorganize its financial units by consolidating its banking, brokerage, credit card and insurance operations as it grapples with mounting losses in its mobil

Rakuten to reorganize financial units amid mounting mobile losses

Rakuten Group Inc said Monday it plans to reorganize its financial units by consolidating its banking, brokerage, credit card and insurance operations as it grapples with mounting losses in its mobile business. Under its restructuring plan, Rakuten Bank Ltd, Rakuten Securities Holdings Inc, Rakuten Card Co and Rakuten Insurance Holdings…

Rakuten Shares Jump by Up to 16% After Mobile Unit Cuts Losses

(Bloomberg) Rakuten Group Inc. gained its most in almost three years after losses narrowed in its mobile operations on a rise in subscribers and telecommunication revenues.Most Read from BloombergThe Brutal Reality of Plunging Office Values Is HereIsrael Pulls Out of Peace Talks Over ‘Delusional’ Hamas DemandsDip Buyers Wade Back In to Fuel Wall Street Gains: Markets WrapLyft’s CEO Says ‘My Bad’ on Margin Error, ‘It Was One Zero’Japan Loses Its Spot as World's Third-Largest Economy as It Slip

Rakuten Shares Jump by Up to 16% After Mobile Unit Cuts Losses

Rakuten Shares Jump by Up to 16% After Mobile Unit Cuts Losses
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