SoftBank Group Corp offered close to $10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling U.S. office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar with the matter said on Monday.
San Jose, California's third-biggest city, is proposing to convert PG&E Corp into the country's largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city's mayor.
SoftBank Group Corp has made a $5 billion debt financing offer to keep WeWork afloat as part of a deal that would make the Japanese technology conglomerate the majority owner of the struggling U.S. office-space sharing start-up, people familiar with the matter said on Monday.
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward resolution of the U.S.-China trade war boosted shares in sectors sensitive to trade and the global economy.
The U.S. Treasury Department on Monday renewed a license allowing Chevron, the last U.S. operating energy company in Venezuela, to continue drilling in the country for another three months through Jan. 22.
Wharton Fintech via Medium | Peter Jankovsky | Sep 15, 2019 In our latest podcast, Peter Jankovsky (WG’20) is joined by Omer Ismail, the head of Goldman Sachs’ US consumer business. In this role, Omer oversees the Marcus by Goldman Sachs and Clarity Money businesses as well as the Goldman Sachs/Apple credit card partnership. Omer
Talks to reach a settlement of thousands of lawsuits stemming from the U.S. opioid addiction crisis could resume as soon as Tuesday, an attorney for local governments said on Monday.
World stock indexes rose on Monday as hopes for resolving the U.S.-China trade war bolstered investor optimism, and the U.S. dollar index edged higher.
Louis Vuitton designer Nicolas Ghesquiere has hit out at Donald Trump after the U.S. president inaugurated one of the brand's factories last week, distancing himself from a visit that was attended by top executives from parent group LVMH.
The benchmark S&P 500 stock index rose within striking distance of a record high on Monday as further signs of progress toward a resolution of the trade dispute between the United States and China helped boost shares in trade-exposed and economically sensitive sectors.
U.S. President Donald Trump on Monday said efforts to end a U.S. trade war with China were going well as the world's two largest economies continued to battle over trade and politics across the world despite heralding a long-awaited truce this month.
Fisher Investments continues to rack up losses as its institutional clients head out the door. Fidelity announced it would terminate a $500 million relationship with the firm. Four government pension plans have left, taking $1.3 billion.
U.S.-listed shares of Infosys Ltd fell nearly 16% in premarket trading on Monday after the Indian software services exporter said it had received whistleblower complaints alleging "unethical practices" by the company's executives.
U.S. stocks opened higher on Monday on fresh signs of progress in a long-awaited resolution to the U.S.-China trade war, but a fall in Boeing's shares capped early gains.
Four large drug companies reached a last-minute $260 million legal settlement over their role in the U.S. opioid addiction epidemic, averting the first federal trial that was scheduled to start Monday morning in Cleveland.