November 8, 2019

WeWork, ex-CEO Neumann, Softbank sued over botched IPO, plummeting value

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its […]
November 8, 2019

Factbox: Failure to launch – The biggest IPO pull-outs of 2019

Private companies seeking to launch on stock markets have abandoned a series of initial public offerings (IPO) this year after a string of high-profile startups — […]
November 8, 2019

Trump says has not agreed to roll back tariffs on Chinese goods

President Donald Trump on Friday said he has not agreed to rollbacks of U.S. tariffs sought by China, sparking fresh doubts about when the world’s two […]
November 8, 2019

U.S. company directors compensated more than ever, but now risk backlash

The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 […]
November 8, 2019

Exclusive: Boon for Hong Kong as Alibaba plans $15 billion listing in late November – sources

Chinese retail titan Alibaba plans to list in Hong Kong in the final week of November, two people with direct knowledge said, aiming to raise up […]
November 8, 2019

Total says to avoid fuel shortage as strike escalates at Feyzin refinery

French energy major Total said on Friday it was taking measures to avoid fuel and other products shortages after striking workers blocked distribution from its 110,000 […]
November 8, 2019

S&P 500, Nasdaq open lower as trade-fueled rally pauses

The S&P 500 and Nasdaq indexes opened slightly lower on Friday after a record run this week fueled by rising hopes of a U.S.-China trade truce […]
November 8, 2019

EasyJet, Jet2.com buy Thomas Cook’s UK airport slots

British budget airlines easyJet and Jet2.com have bought the take-off and landing slots of failed travel company Thomas Cook at London Gatwick and Manchester airports, respectively. […]
November 8, 2019

Daimler to cut 1,100 managing positions worldwide: Sueddeutsche Zeitung

Daimler will cut 1,100 leadership positions worldwide, or about 10% of its management, German daily Sueddeutsche Zeitung said on Friday, citing a newsletter circulated by the […]
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