The price of WeWork's U.S. junk bond fell to an all-time low on Tuesday, last trading at 78 cents on the dollar, as the company weighed financing options including a package that may include at least US$2 billion of unsecured notes with a 15per cent coupon.
Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price.
Fidelity Investments said on Tuesday it is reviewing its relationship with Ken Fisher after the investment firm leader made "highly inappropriate comments" at a conference last week.
NEW YORK: Google on Tuesday (Oct 15) unveiled its newest Pixel handsets, aiming to boost its smartphone market share with features including gesture recognition that lets users simply wave their hands to get things done. Pixel 4 models made their public debut as the internet titan updated its ......
Hedge fund D.E. Shaw on Tuesday increased the pressure on Emerson Electric Co by publicly urging a breakup of the U.S. industrial conglomerate, a move it says could unlock more than US$20 billion worth of shareholder value.
Pratt & Whitney recommended checks on engines on Airbus A220 aircraft and some Embraer jets after a Geneva-bound Swiss jet diverted to Paris with an engine problem, prompting the grounding of the rest of the airline's A220 fleet.
TikTok will bring in an external group comprising former U.S. congressmen to review and advise on its content moderation policies including on child safety, misinformation and hate speech, the popular Chinese-owned video app said on Tuesday.
LONDON: The pound rallied on Tuesday (Oct 15) to levels last seen five months ago as speculation on an imminent Brexit deal gained traction, dealers said. Sterling got an early boost from the European Union's top Brexit negotiator flagging the possibility of a divorce agreement this week, reviving ...
Amazon's cloud computing is like a "soft drug", a French minister said on Tuesday, warning that time was running out for Europe to wean itself off the U.S. company's services.
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing.
