A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned US$3 billion tender offer for the office space-sharing start-up.
REUTERS: Billionaire Richard Branson's Virgin Group said on Monday (May 11) that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic. The company said it intends to use the proceeds to support its portfolio of...
Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.
California should do whatever is necessary to help electric carmaker Tesla Inc reopen its only U.S. vehicle factory, U.S. Treasury Secretary Steven Mnuchin said on Monday.
Britain's smaller companies could be saddled with up to 105 billion pounds (US$129 billion) in "unsustainable" debt by March next year that will need recapitalising, a financial services body told the Bank of England on Monday.
Private equity investor KKR said on Monday it had acquired a stake of 5.2per cent in German broadcaster ProSiebenSat.1 Media , returning as an investor in the company it had backed from 2006 to 2014.
Comcast Corp units NBCUniversal and Sky said Monday that advertising across both of the media companies can now be purchased through the same tool, as the firms look to attract more global advertisers and weather the coronavirus pandemic.
Oklahoma's energy regulators on Monday began hearing arguments from producers seeking to win state-support for setting limits on oil production to help stabilize prices.
SINGAPORE: Tech firm Razer will be giving out free surgical masks to all Singapore residents aged 16 and above, through a network of vending machines across the island, the company said on Monday (May 11). Twenty vending machines will be set up across Singapore, including at all malls under ...
PARIS: What will the economic recovery from the coronavirus crisis look like in different countries? Economists have taken to using letters to describe the shape of potential recoveries ... or stagnation. U, V, W, and L-shaped recoveries all describe a brutal drop in economic activity since the ...
