Miguel McKelvey, co-founder of WeWork with Adam Neumann, to leave company
WeWork’s Miguel McKelvey, who co-founded the troubled office-sharing start-up with Adam Neumann, will leave the company at the end of June....
Canada posts surprise jobs gain in May and June could be even better
Canada unexpectedly added almost 290,000 jobs in May as some provinces loosened COVID-19 restrictions on businesses, data showed on Friday, and there could be an...
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc out of bankruptcy should the U.S. department store chain’s negotiations...
Row over undelivered jets as Airbus threatens to sue airlines
A stand-off over undelivered passenger jets is intensifying after Airbus signalled it would sue airlines refusing to honour contracts in the face of the coronavirus...
United Airlines closing three of four international bases for flight crew
United Airlines Holdings Inc is closing three out of four international bases for flight attendants, according to an internal memo seen by Reuters, saying it...
German prosecutors probe Wirecard management board
Munich prosecutors on Friday said they had searched Wirecard’s headquarters and opened proceedings against the payment company’s entire management board as part of a market...
Wall Street jumps, Nasdaq set for record closing high after surprise jobs report
Wall Street surged on Friday, and the Nasdaq was on course to set a new record closing high after the May jobs provided an astounding...
Bonds falter as blazing stock rally lures investors
Improving U.S. economic data is pushing investors out of U.S. government bonds at the fastest pace in months, the latest sign that risk appetite is...
Chevron oil cargo tangled in U.S. sanctions on Venezuela
A Chevron Corp crude oil cargo has become embroiled in U.S. sanctions on shipping companies for violating restrictions on doing business with Venezuela, the company...
United Airlines closing three international bases for flight crew
United Airlines Holdings Inc is closing its international bases for flight attendants in Frankfurt, Hong Kong, and Tokyo effective Oct. 1, 2020, according to an...