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WeWork withdrawing its stock market IPO filing

WeWork withdrawing its stock market IPO filing

The company is on track to burn $2.7 billion this year. The company gave no further details, but its core business involves leasing buildings and dividing them into office space that it rents out to...

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Volkswagen emissions scandal: mass lawsuit opens in Germany

Volkswagen emissions scandal: mass lawsuit opens in Germany

The document was initiated by the Federation of German Consumer Organizations (vzbv) and ADAC, the country's largest motoring club. Uwe Reinicke, who bought a manipulated vehicle in 2011, said "I do...

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China warns United States investment curbs to hurt global growth

China warns United States investment curbs to hurt global growth

US President Donald Trump's administration is considering the move, three sources briefed on the matter said on Friday, in what would be a radical escalation of US-China trade tensions . Geng sai...

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Iconic fast-fashion chain Forever 21 files for bankruptcy

Iconic fast-fashion chain Forever 21 files for bankruptcy

Forever 21 said it received US$275 million (RM1.15 billion) in financing from its existing lenders with JPMorgan Chase Bank, NA as agent, and US$75 million in new capital from TPG Sixth Street Partn...

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United Kingdom to raise National Living Wage, lower age threshold - Javid

For workers aged 21 to 24, it is £7.70, and from 18 to 20, £6.15. Speaking at the Conservative conference in Manchester, Mr Javid, the MP for Bromsgrove, said: "Over the next five years, we will. "T...

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Tesla Smart Summon Technology Is a Godsend For Body Shop Owners

Tesla Smart Summon Technology Is a Godsend For Body Shop Owners

One user's Tesla was backed into by another vehicle; another user's social media post shows a Tesla narrowly avoiding a collision with a different auto in parking lot. In short, instead of walking to ...

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Deal reached for whistleblower’s testimony, House Intelligence chairman says

The basis and rate of consultations with German and French leaders have not suffered after the publication of the memorandum of the conversation between Ukrainian President Volodymyr Zelensky and hi...

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Budweiser maker InBev prices IPO to raise US$5b

Budweiser maker InBev prices IPO to raise US$5b

It also has an overallotment option that could see the IPO rise to US$5.75 billion and leave it with around 87 per cent of Budweiser. That option was partially exercised, it said. launched an IPO of a...

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FCA Charged With $40M Fine for Falsely Inflating New Car Sales Figures

The company allegedly did so by paying dealers to falsify new auto sales while maintaining a database of unreported vehicle sales . That database was internally dubbed a "cookie jar", according to de...

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Amazon, Flipkart Make Record First-Day Festive Sales

Amazon, Flipkart Make Record First-Day Festive Sales

The company added that 91% of new customers were from smaller cities. He added that development was seen throughout classes like trend (5 instances), magnificence (seven instances) and groceries (th...

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Threat to delist Chinese companies in USA panned

Threat to delist Chinese companies in USA panned

The US Department of the Treasury said there are no plans to block Chinese firms from listing on US exchanges, although it did not address the potential for other moves. However, this September, Chi...

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Trump Considers Blocking US-China Investments

Trump Considers Blocking US-China Investments

The White House is weighing a plan to stop Chinese companies listing on USA exchanges in a move that would take its trade war with China to Wall Street, reported the Financial Times . The growing Chi...

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China Sept factory activity shrinks for 5th month - official PMI

China Sept factory activity shrinks for 5th month - official PMI

The official non-manufacturing Purchasing Managers' Index (PMI) fell to 53.7 from 53.8 in August, but stayed well above the 50-point mark that separates growth from contraction. The employment subinde...

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CVS stops selling Zantac over cancer fears

CVS stops selling Zantac over cancer fears

The pills involved in the recall are produced by Toronto-based Apotex Corp. and include some products sold as generic versions of Zantac. Nonetheless, CVS officials said customers can return the pro...

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One-time retail fashion powerhouse Forever 21 files for bankruptcy

One-time retail fashion powerhouse Forever 21 files for bankruptcy

Forever 21 has obtained $275 million in financing from lenders with JPMorgan Chase & Co.as agent, as well as $75 million in new capital from TPG Sixth Street Partners and its affiliated funds. So far ...

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GM Reverses Health Coverage Move

GM Reverses Health Coverage Move

Throughout this negotiation, GM has said that our number one focus was on the well-being of our employees. GM immediately shifted responsibility for the health insurance to the union's strike fund. 'T...

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National Coffee Day deals around the Twin Cities

National Coffee Day deals around the Twin Cities

Others require you download an app or a bring in a coupon. 7-Eleven: Any size cup of coffee for $1 through the 7Rewards app on Sunday. Barnes & Noble: Purchase an item from the bake case and rec...

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Plane makes diversion after passenger gets stuck in loo

Plane makes diversion after passenger gets stuck in loo

Upon landing, Williams says the flight crew called for assistance and the Denver Fire Department responded to the airport and helped open the door. "Ma'am we're just working on opening up the door a...

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Government Bans Onion Exports With Immediate Effect

Government Bans Onion Exports With Immediate Effect

The excess monsoon in key producer states like Karnataka, Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, Uttar Pradesh, and Bihar, has not only burned a hole in common man's pocket but has also led ...

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China reiterates denial in cyber attacks after Airbus report

China reiterates denial in cyber attacks after Airbus report

Airbus is an attractive target due to its use of cutting-edge technology in its plane designs, as well as the fact that it is also a military supplier. "Worse, large global companies such as Airbus ha...

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Delta Partners with LATAM

Delta Partners with LATAM

Delta said the deal will not impact free cash flow or shareholder returns. " LATAM and the Cueto family have been terrific partners of American Airlines for decades". Also, Delta will invest an a...

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Venezuela's Central Bank Could Soon Add Bitcoin and Ether to Its Reserves

Venezuela's Central Bank Could Soon Add Bitcoin and Ether to Its Reserves

In the hope of overcoming its isolation from the global financial system, the Venezuelan central bank is reportedly studying proposals that would see cryptocurrencies counted toward the country's wo...

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Free coffee weekend at McDonald’s and Tim Horton’s

Free coffee weekend at McDonald’s and Tim Horton’s

The offer is only valid on Sunday and there is a limit of one free coffee per customer. "Free rewards can be redeemed for hot brewed coffee or hot tea (any size) or baked good (except for Timbits® and...

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Senior ECB member Sabine Lautenschlager resigns

Senior ECB member Sabine Lautenschlager resigns

Germany's appointee to the board of the European Central Bank, outspoken policy hawk Sabine Lautenschlaeger, has chose to step down, the ECB said on Wednesday, in what was likely to be seen as a furth...

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UK’s medical drug supply still uncertain in no-deal Brexit

UK’s medical drug supply still uncertain in no-deal Brexit

Even assuming Britain avoids leaving the European Union without a deal, Saunders said "persistently high Brexit uncertainties seem likely to continue to depress United Kingdom growth below potential f...

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Cigarette Giant Juul Stops Advertising in the United States, Changes CEO

Cigarette Giant Juul Stops Advertising in the United States, Changes CEO

CEO Andre Calantzopoulos said Wednesday that the companies will instead focus on launching IQOS in the U.S. IQOS is a heat-not-burn cigarette alternative made by Philip Morris. A survey by the Departm...

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Jaguar Land Rover in November shutdown to prevent Brexit disruption

Jaguar Land Rover in November shutdown to prevent Brexit disruption

It is built around a central "heart space" that aims to create a seamless work-flow between design and engineering teams. Speaking at the opening of the company's £500m engineering and design centre...

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SoftBank risks chasing its losses with WeWork

SoftBank risks chasing its losses with WeWork

SoftBank and its Saudi-backed Vision Fund are WeWork's biggest backers and have already funneled more than $10 billon into the US company , including the promised $1.5 billion. SoftBank did not immed...

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Costco Is Launching A Plant-Based Burger With A Semi-Complicated Partnership

Costco Is Launching A Plant-Based Burger With A Semi-Complicated Partnership

The plant-based food frenzy is taking over retailers like Burger King and McDonalds, so it is no surprise that Costco is jumping on board to sell their own plant-based burger. The test begins a week...

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Bids for Fed's overnight repos rise to $91.95 billion

Bids for Fed's overnight repos rise to $91.95 billion

The market interventions are the first since the global financial crisis, when credit markets seized up as banks feared borrowers would not be able to repay. That used to be half of of the $100 billio...

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