IPO hopeful WeWork adds woman to board, CEO returns $5.9 million, after backlash
WeWork owner The We Company took some steps on Wednesday to burnish its appeal to investors ahead of its initial public offering by adding a woman, Frances Frei, to its all-male board and announcing that its CEO would return a $5.9 million payment for …
Porsche goes green with leather-free electric sports car
Porsche is making a leather-free version of its new Taycan electric sports car in the latest attempt by a German automaker to play up green credentials as environmental activists lobby for a boycott of the industry.
Exclusive: Saudi’s Rumayyan takes control of Aramco IPO executive committee – sources
The head of Saudi Arabia’s sovereign wealth fund was made head of an executive committee overseeing plans to float shares in Saudi Aramco before he was named new chairman of the state oil giant this week, five sources familiar with the matter said.
Global equities rally, pound jumps on upbeat geopolitical news
Stock indexes worldwide rebounded on Wednesday, and the euro and pound sterling bounced back as easing geopolitical concerns and upbeat economic data from China brought buyers back to the equities market.
Tyson Foods slowed chicken processing after recalls, raising costs
Tyson Foods Inc slowed chicken processing this year after it recalled millions of pounds of poultry over concerns they contained materials like rubber and metal, raising its costs, Chief Executive Noel White said on Wednesday.
Amazon may need to raise prices to offset latest tariff blow: BofA
Amazon.com Inc will need to raise prices in the United States by about 2.1%-2.6% on average to offset the impact of fresh tariffs slapped by the Trump administration on various Chinese goods, Bank of America Merrill Lynch analysts estimated.
Starbucks sees slower profit growth in 2020
Starbucks Corp said on Wednesday it expects 2020 adjusted profit growth to be lower than 2019 as it factors in the impact of a one-time tax benefit that has inflated its bottom line this year.
JLR to launch 30 new vehicles in China over next two years
Luxury carmaker Jaguar Land Rover (JLR) plans to launch 30 new or revamped vehicles in China in the next two years, it said on Wednesday, seeking to build on a recent recovery in sales in the world’s biggest auto market.
Wall St. rises as strong Chinese data eases growth worries
U.S. stocks rose on Wednesday as upbeat data from China’s services sector eased concerns about a global economic slowdown, while Hong Kong’s withdrawal of a controversial bill supported sentiment.
3G Capital selling $3 billion shares in Burger King owner
Brazilian private equity firm 3G Capital Partners Ltd sold shares in Restaurant Brands International Inc for $3 billion in the past month, regulatory filings showed.
