WeWork is preparing to cut at least 4,000 people from its work force as it tries to stabilize itself after the company’s breakneck growth racked up heavy losses and led it to the brink of collapse, two people with knowledge of the matter said. The cuts are expected to be announced as early as this […]

The banks and their regulators seem to be further apart than ever on the issue of culture. Central Bank deputy governor Ed Sibley recently launched a broadside on the banks, and how they have to be cajoled and forced into doing the right thing. It isn’t the first time Sibley has had a pop at […]

NEW YORK (Reuters) – World stocks edged lower and debt yields fell on Thursday as Chinese economic data slowed in October and Germany narrowly avoided a recession in the third quarter, adding to concerns about the U.S.-China trade war’s impact on global growth. MSCI’S All-Country World index, which tracks the performance of equity markets in […]

HOUSTON (Reuters) – Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s (OXY.N) Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday. Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with […]

By the time the confetti cannons burst, the toddlers were shouting in ecstasy, their eyes fixed on the superstars onstage. Ten costumed performers were delivering the climax of “Baby Shark Live!” — a 75-minute adaptation of a two-minute music video, and an edge case in translating viral popularity into an enduringly profitable real-world franchise. The […]

DETROIT (Reuters) – Tesla Inc’s (TSLA.O) Model 3 and S sedans both regained “recommended” status in Consumer Reports magazine’s annual reliability survey, allowing the electric carmaker’s overall standing to rise slightly. Tesla’s ranking improved four spots to No. 23 out of 30 brands in the U.S. market as it worked to resolve production problems with […]

SHANGHAI (Reuters) – Asian stocks jumped on Friday, lifted by White House comments that suggested the possibility of an imminent trade deal between Washington and Beijing, which revived hopes that their tariff war may be nearing an end. However, investor sentiment remains fragile after weak data from China reinforced concerns about the global economy and […]

Fans of retro technology are expected to flip out as Motorola reboots the iconic Razr phone. The new model – a 6.2-inch smartphone with a foldable display – gives the Lenovo-owned brand a unique selling point against Apple and Samsung’s finest. The new device, which reprises the Motorola Razr name, costs $1,499 (€1,362)and will be […]

Germany has bucked expectations and narrowly avoided a widely-feared recession but growth remains weak, latest figures show. Europe’s biggest economy unexpectedly expanded by 0.1% in the third quarter, driven by strong consumer spending. Analysts had expected a 0.1% contraction. But the Federal Statistical Office revised down the GDP figure the second quarter to a 0.2% […]

TOKYO/SINGAPORE (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan, which had drifted in to positive territory in morning trade, turned negative to trade 0.4% lower. Japan’s Nikkei stock […]