WeWork created a lot of financial losers. Adam Neumann wasn’t one of them. The shared office space company’s co-founder and former chief executive left WeWork four years ago as a billionaire thanks to large…
Tag: corporate
WeWork Flopped. Have Flexible Offices?
Flexible working isn’t turning out to be the boon for flexible-office providers that it might seem. WeWork co-founder Adam Neumann lamented this week that the company he used to run failed to…
SoftBank Can’t Shake the Ghosts of Tech Booms Past
There seems to be no shortage of bad news for SoftBank this week. A new artificial-intelligence-driven tech boom could eventually be a tailwind for earnings. But the company’s latest results were a…
Google Antitrust Trial Exposes Deepening Rift With Microsoft
Satya Nadella wanted to make nice with longtime rival Google when he became chief executive of Microsoft almost a decade ago. Those days now feel like a distant memory. Google’s antitrust trial…
Sony Group 2Q Net Y200.105B Vs. Net Y281.68B >6758.TO
By Kosaku Narioka Sony Group reported a drop in second-quarter net profit due to weakness in its electronics and financial businesses despite stronger entertainment earnings. The Japanese company said Thursday that net…
Virgin Galactic rakes in nearly $2 million in revenue from space tourism
Virgin Galactic Holdings Inc. shares rallied about 15% in the after-hours session Wednesday after the space-tourism company narrowed its quarterly loss and more than doubled its revenue. The company also forecast higher-than-expected…
How to Rein In Loose-Lipped Bankers? Hong Kong Tries to Figure It Out
Hong Kong is wrestling with a question troubling financial regulators around the world: How much should banks be able to tell investors about deals that are brewing? The city’s Securities and Futures…
UBS Issues $3.5B in AT1 Bonds in First Issuance Since Credit Suisse Acquisition
By Miriam Mukuru UBS Group issues $3.5 billion in Additional Tier 1 bonds in the first issuance since the acquisition of Credit Suisse. It is comprised of two tranches of $1.75 billion…
AstraZeneca PLC 3Q EPS 88c
By Ian Walker AstraZeneca raised its full-year guidance for core earnings per share and total revenue excluding Covid-19 medicines despite a lower third-quarter profit that missed forecasts. The Anglo-Swedish pharmaceutical giant said…
SoftBank Loses $6.2 Billion in Quarter as WeWork Weighs on Investments
TOKYO—SoftBank Group sank deeper into the red in the July-September period as it reported write-downs related to the bankruptcy of office-sharing company WeWork and technology shares stayed under pressure amid rising interest…