SoftBank convertible note helped cut WeWork losses
Investors may be stumped by some of the finances WeWork owner We Company unveiled this week in its filing to go public, in particular a...
Ackman confident portfolio can keep delivering strong returns: letter
Billionaire investor William Ackman, whose portfolio has gained almost 50% this year, said his fund can keep delivering “high, long-term” returns and that he expects...
Stocks waver, dollar recovers on renewed growth worries
The dollar recovered from early weakness but a gauge of world equity performance edged lower on Thursday as concerns about global growth offset investor optimism...
S&P, Dow rise as U.S. retail sales data counters recession fears
The S&P 500 and the Dow gained ground in a late rally on Thursday as upbeat retail sales data offset recessionary fears and simmering U.S.-China...
American, Southwest Airlines bump more passengers after 737 MAX grounding
American Airlines Group Inc and Southwest Airlines Co are bumping thousands of passengers off airplanes after their Boeing 737 MAX fleet’s was grounded in mid-March...
Revlon taps Goldman to explore strategic options: Bloomberg
Cosmetics maker Revlon Inc has tapped Goldman Sachs Group Inc to explore options for its business, Bloomberg reported on Thursday, citing people familiar with the...
Wall Street struggles for direction as bond yields slide
Wall Street seesawed from red to black and back on Thursday as recessionary fears and simmering U.S.-China trade tensions offset upbeat retail sales data....
Canopy Growth needs another 3-5 years to turn profit
Canopy Growth Corp said on Thursday it expects another three to five years to turn in a profit as Canada’s largest cannabis company invests heavily...
GE shares fall on report alleging its finances are worse than disclosed
General Electric shares fell as much as 15% on Thursday after fraud investigator Harry Markopolos, who blew the whistle on Bernard Madoff’s Ponzi scheme, said...
Canada’s Intact Financial to buy Guarantee Co, Frank Cowan for C$1 billion
Canadian property and casualty insurer Intact Financial Corp said on Thursday it agreed to buy The Guarantee Co of North America and Frank Cowan Co...