NEW YORK: Japan-based SoftBank is ready to buy a controlling stake in WeWork, providing the shared office space startup desperately needed funding at a slashed valuation, a source told AFP on Monday (Oct 21). Softbank is ready to invest an additional US$4 billion to US$5 billion in WeWork, taking...
NEW YORK: SoftBank Group Corp offered close to US$10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling US office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar...
Colorado became on Monday the second state to drop out of an effort by state attorneys general led by New York and California to stop T-Mobile US Inc's US$26 billion merger with Sprint Corp .
Businesses and governments must end short-termism, and focus on goals and scorecards that look at sustainability and well-being, says Klaus Schwab.
Banco Santander said on Monday it had agreed to sell Santander Bancorp, the Spanish lender's retail and commercial banking franchise in Puerto Rico, to FirstBank Puerto Rico in a deal valued at US$1.1 billion.
The former chief of Chevron Corp's Latin American operations is moving to raise US$500 million from big financial firms to invest in Venezuela once U.S. sanctions are eventually lifted, confident that political change will come and that foreign investment will be needed to boost sagging oil output.
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.
WASHINGTON: US President Donald Trump on Monday (Oct 21) said progress in developing the text of a partial trade pact with China means he will likely be able to sign it next month. Trump remains upbeat on the chances Beijing and Washington will seal the mini-deal he announced earlier...
NEW YORK: Wall Street stocks gained on Monday (Oct 21) on optimism over US-China trade talks and upcoming earnings reports, while Boeing tumbled again as the crisis over the 737 MAX deepened. US President Donald Trump said he expects to sign a partial trade pact with China next month following...
CLEVELAND: Three leading American drug distributors and an Israeli drug manufacturer blamed for a deadly US opioid epidemic settled a bellwether civil lawsuit with two Ohio counties on Monday (Oct 21), just hours before they were to go on trial, a federal judge announced. The US$260 million deal ......
