WeWork third-quarter losses widen to $1.25 billion as expansion ramps up
The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier as its money-losing shared-office business doubled in size with a record number of desks added to its network.
ProPetro confirms U.S. SEC probe, accounting weaknesses
Oilfield services firm ProPetro Holding Corp on Wednesday said a board investigation had uncovered material weaknesses in its financial controls and an undisclosed related-party transaction with its former chief accountant.
Takeaway CEO says does not want to overpay in $5.5 billion Just Eat bid
The chief executive of food ordering company Takeaway.com on Wednesday said he did not want to overpay as his company pursues an agreed merger with Britain’s Just Eat , despite a higher unsolicited offer from rival Prosus .
U.S. lawmakers question why Centrus awarded federal uranium contract
A bipartisan group of U.S. Representatives asked officials at the Energy Department on Wednesday how Centrus Energy Corp, a company whose chief recently served as deputy at the department, won a federal contract to demonstrate a production method for a…
Occidental Petroleum stepping up oil and gas asset sales: marketing document
Occidental Petroleum Corp is stepping up its oil and gas-producing property sales, adding land in Utah’s Uinta Basin acquired as part of its $38 billion deal for Anadarko Petroleum, according to a marketing document seen by Reuters.
Hyundai to make Santa Cruz pickups at Alabama plant in $410 million expansion
South Korean automaker Hyundai Motor will start making its Santa Cruz pickup trucks at its U.S. factory in 2021, with an investment of $410 million, as it seeks a foothold in the popular, but highly competitive, segment led by U.S. rivals.
Trump threat of more China tariffs could hit consumer goods before Christmas
U.S. President Donald Trump’s threat to jack up U.S. tariffs on Chinese goods if the world’s two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than two weeks before Christmas.
Peloton exploring apps for Amazon Fire TV, Apple Watch: Bloomberg
Peloton Interactive Inc is exploring apps for Amazon.com Inc’s Fire TV and Apple Inc’s Watch, Bloomberg reported on Wednesday, citing people familiar with the matter.
Cisco second-quarter forecast disappoints; shares fall
Cisco Systems Inc on Wednesday forecast second-quarter revenue and profit below estimates as the network gear maker struggles to shift to a software-focused company from its business of selling routers and switches, sending shares down 4%.
Disney lifts Dow, S&P 500 to records while trade tensions cast shadow
The Dow Jones Industrial Average and the S&P 500 posted record closing highs on Wednesday helped by a big jump in Walt Disney shares, but the Nasdaq fell as stocks were kept in check by fresh uncertainty over U.S.-China trade relations.
