WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen .
EU trade chief Cecilia Malmstrom and ministers expressed cautious optimism on Thursday that the threat of U.S. tariffs on imported European cars had passed.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sanofi is holding discussions over options for its consumer-health business that could be worth $30 billion as new Chief Executive Officer Paul Hudson seeks to rejuvenate the French drugmaker, people familiar with the matter said.While the pharma giant has made no decisions, it has been talking to financial advisers to gauge shareholder feedback, according to the people, who asked not to be identified because the deliberations are private. Hudson, who has said he will take a critical look at all of Sanofi’s …read more […]
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks. “As part of our renewed focus on the core WeWork business, and as we have previously shared with employees, the company is making necessary layoffs to create a more efficient organization,” a company spokeswoman said in a statement. “This workforce reduction affects approximately 2,400 employees globally, who will receive severance, continued benefits, and other forms of assistance …read more […]
Twitter Inc is globally launching a feature for users to hide certain replies on their tweets, in order to give people more control over their conversations on the site, the company said on Thursday. The feature, which has previously been tested in the United States, Canada and Japan, is part of Twitter’s efforts to clean up abusive content and make the social media platform more user-friendly. During testing, the company found that people mostly hid replies they found “irrelevant, off-topic or annoying,” Suzanne Xie, director of product management at Twitter, said in a blog post on Thursday. …read more […]
The billionaire investor has been adding to his holding of the warehouse retailer Continue reading… …read more […]
McDonald’s Corp employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and attack them.
The three major U.S. indexes fell on Thursday after conflicting headlines on U.S-China trade relations and a row between the world’s top two economies over the Hong Kong protest led to uncertainty over the timing of a deal to end the dispute.
Charles Schwab and TD Ameritrade stocks are surging after CNBC and Fox Business reported that Charles Schwab could buy TD Ameritrade. The blockbuster deal would see further consolidation in the retail brokerage industry. Yahoo Finance’s Dan Roberts, Sibile Marcellus and Brian Cheung break it down on YFi AM. …read more […]
Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker.
Fiat Chrysler Chairman John Elkann said on Thursday he was confident the group would finalize its tie-up with Peugeot owner PSA this year and dismissed concerns about a lawsuit launched by rival General Motors.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month to sell itself to a consortium led by the department store operator’s executive chairman, Richard Baker, according to people familiar with the matter. Baker’s consortium already owns 57% of Hudson’s Bay, and it has informed the company it would block a sale to another party. Catalyst has reached out to banks such as Wells Fargo & Co , as well as hedge funds, …read more […]
Exxon Mobil is accelerating its biggest asset sales in decades with plans to divest up to $25 billion of oil and gas fields in Europe, Asia and Africa as it sharpens its focus on a handful of mega projects at home and abroad, banking sources said.
The institutional tranche of Saudi Aramco’s initial public offering (IPO) has been oversubscribed while the retail portion has received a little more than 10 billion riyals ($2.67 billion) in orders so far, a banking source told Reuters.
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