WeWork’s much-anticipated initial public offering (IPO) has been postponed until the end of the year. The shared office provider’s listing has come under heavy scrutiny, with investor interest in the Silicon Valley start-up appearing to wane. The We Company, the firm’s parent company, was originally expected to list its shares this month – but on […]
WeWork, the office-space giant whose finances and corporate governance have drawn skepticism from some potential investors, has now suggested that it may not go public for another few months. The company had been expected to hold its initial public offering within weeks. But in a statement released late Monday night, WeWork’s parent, the We Company, […]
TOKYO (Reuters) – Oil shed some of its massive gains on Tuesday as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure. While equity market losses have not been large, shaky investor confidence continued […]
AURIVO, one of Ireland’s largest milk producers, said yesterday it has completed a €6m investment in Donegal that will double production and slash fossil fuel use at its milk processing plant in Killygordon. The announcement – part of a €48m, five-year investment programme announced last year by the agri-food co-operative – will support 120 jobs […]
It has been five months since thousands of movie and television writers fired their agents in a standoff that has consumed Hollywood. And union election results on Monday indicate that the impasse is likely to continue. A strong majority of writers voted to re-elect top leaders of the Writers Guild of America West, the biggest […]
An attack on Saudi Arabia that triggered the biggest jump in oil prices in almost 30 years is set to drive a hike in energy costs and roiled markets yesterday. The drone attack was carried out with Iranian weapons, a Saudi-led coalition said on Monday, as US President Donald Trump said Washington was “locked and […]
DETROIT — A decade ago, when General Motors was on the brink of collapse and was ushered into bankruptcy by the federal government, the company’s unionized workers bore a significant portion of the pain to bring the automaker back to financial health. The United Auto Workers agreed to allow General Motors to hire significant numbers […]
TOKYO (Reuters) – Oil fell more than 1% on Tuesday as the market hung on tenterhooks following attacks on Saudi Arabian crude facilities that cut the kingdom’s production in half and sent prices soaring by the most in decades. The attack heightened uncertainty in a market that had become relatively subdued in recent months due […]
NEW YORK (Reuters) – Oil prices jumped roughly 12% on Monday after an attack on Saudi Arabian crude oil facilities over the weekend sliced the kingdom’s production in half and intensified concerns of retaliatory actions in the Middle East. Prices initially surged about 20% after the open on Sunday evening, with Brent crude posting its […]
First, it was teachers in West Virginia, Oklahoma and Kentucky. Then hotel workers at nearly two dozen Marriotts and grocery employees at Stop & Shop locations in the Northeast. Now, in the latest work stoppage, part of a recent surge of labor activism, the United Automobile Workers have gone on strike at General Motors. The […]