Exclusive: WeWork owner creates committee to decide on financing lifeline
WeWork owner, The We Company, has formed a special board committee to consider proposals for a $5 billion financing lifeline from its largest shareholder SoftBank Group Corp and its main lender JPMorgan Chase & Co , four people familiar with the matter said on Wednesday.
Factbox: Aluminum cans get boost from anger over plastic pollution
French food and drinks multinational Danone is the latest company shaking up the world’s $19 billion bottled water industry by switching some of its plastic bottles, which pollute oceans, to aluminum cans.
Plastic bottles vs. aluminum cans: who’ll win the global water fight?
Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world’s seas. Sound like a slam-dunk for the environment? Not entirely.
Britain’s Domino’s Pizza to exit international market
Domino’s Pizza Group Plc , Britain’s biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses.
Nestle revamps waters business as organic growth slows
Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next three years and reorganize its struggling waters business after organic sales growth slowed in the third quarter.
Ericsson third-quarter tops forecast as strong 5G market boosts earnings
Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects.
‘Panama Papers’ law firm sues Netflix over film based on scandal
Mossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film’s releas…
Qatar Airways says may convert orders for Boeing 777-8 jet to 777-9
Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9.
As ‘Cannabis 2.0’ kicks off in Canada, industry strangled by limited retail outlets
A year after Canada legalized use of recreational marijuana cannabis stocks have lost half their market value, and investors betting that the launch of higher-margin pot-infused drinks and other products will quickly lift shares may be in for a bumpy r…
Oil prices fall on signs of large U.S. stock build
Oil prices fell on Thursday after industry data showed a larger-than-expected build-up in the U.S. inventories, but losses were limited after China said it hoped to reach a phased trade agreement with the United States as early as possible.
