Business & Finance News
WeWork co-founder Adam Neumann has agreed to resign as chief executive of the U.S. office-sharing company but will remain as non-executive chairman, bowing to pressure from some of his investors, people familiar with the matter said on Tuesday.
Oil prices fell 2% on Tuesday as U.S. President Donald Trump fanned market fears that Sino-American trade tensions are far from settled amid ongoing negotiations, a grim sign for oil demand growth.
The September 14 attack on Aramco facilities had no monetary impact, the Saudi central bank governor said in an advance copy of an interview provided by Kuwait’s Al Rai newspaper that will be published on Wednesday.
Novartis AG blamed former executives Brian and Allan Kaspar for the manipulation of data behind its $2.1 million gene therapy Zolgensma, saying they either personally manipulated the data or pressured subordinates into doing so.
U.S. stocks fell on Tuesday, after President Donald Trump delivered a stinging rebuke to China’s trade practices, while disappointing consumer confidence data raised concerns over the impact of a prolonged trade war between the two nations.
Chipotle Mexican Grill Inc is facing fresh claims that it violated New York City’s labor laws after the city sued the fast casual restaurant chain two weeks ago.
The Federal Communications Commission said Tuesday Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers that were not using the service and said its Enforcement Bureau is investigating.
Private detectives from security firm Investigo, hired to shadow a former Credit Suisse manager Iqbal Khan, took defensive action when Khan tried to photograph one of them with his mobile phone, an Investigo memo seen by Reuters said.
Prime Minister Boris Johnson and unions questioned the part played by Thomas Cook’s richly rewarded bosses in the company’s demise on Tuesday, and asked why the state had to foot the bill for bringing tens of thousands of tourists home.
The collapse of British travel operator Thomas Cook has left hundreds of thousands holidaymakers abroad and forced governments and insurers to coordinate a huge operation to get them home.
The Federal Communications Commission said Tuesday Sprint Corp received tens of millions of dollars in monthly government subsidies for 885,000 low-income subscribers that were not using the service and said its Enforcement Bureau is investigating.
China will support enterprises to continue to purchase certain amount of U.S. farm products, including soybeans and pork, the Xinhua News Agency reported on Tuesday, citing official sources.
U.S. stocks reversed earlier gains on Tuesday, as President Donald Trump delivered a stinging rebuke to China’s trade practices, while a sharp drop in September’s consumer confidence weighed on Amazon.com shares.
The Federal Reserve on Tuesday injected longer-term cash into the U.S. banking system in an effort to meet the funding needs of banks and Wall Street following a bout of turbulence in money markets last week.
U.S. President Donald Trump delivered a stinging rebuke to China’s trade practices on Tuesday at the United Nations General Assembly, saying he would not accept a “bad deal” in U.S.-China trade negotiations.
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