Category: Business

WeWork inks office space deal with SoftBank-backed Gympass: sources

WeWork has signed a deal to provide space to 250 employees of gym membership app company Gympass in New York, the latest example of the U.S. office-sharing start-up’s majority owner, SoftBank Group Corp, using its connections to buoy its business, people familiar with the matter said on Sunday. SoftBank is also a minority investor in […]

U.S. state AGs, Justice Department officials to meet and coordinate on Google probe: sources

U.S. state attorneys general will meet Justice Department attorneys next week to share information on their investigations into Alphabet Inc’s Google, two sources familiar with the matter told Reuters on Sunday. The probes revolve around monopolistic behavior that may harm consumers through Google’s control of online advertising markets and search traffic. The Wall Street Journal […]

U.S. stock futures fall more than 1 percent as coronavirus fears spread

U.S. S&P500 e-mini futures ESc1 fell more than 1% in Asian trade on Monday on mounting worries the new coronavirus outbreak could severely disrupt the Chinese economy, an engine of global growth. China’s cabinet said it would extend the week-long Lunar New Year holiday by three days to Feb. 2 and Hong Kong banned residents […]

Tesla’s Musk seeks to allay water concerns at factory site after protests

Tesla (TSLA.O) Chief Executive Elon Musk sought to allay environmental concerns about the electric carmaker’s planned factory in Germany, saying the plant would use less water than was estimated originally. The U.S. company had said in planning documents that the factory would need 372 cubic meters of water from the public drinking water network per […]

Exclusive: Regulator probes board role in Credit Suisse spying scandal – sources

The Credit Suisse (CSGN.S) spying debacle risks tipping the bank into a crisis that could engulf its top executives. Switzerland’s market supervisor is scrutinizing Credit Suisse’s oversight of chief executive Tidjane Thiam and his top lieutenants as part of a probe into corporate espionage, two people with direct knowledge of the investigation said. FINMA is […]

Global stocks slide to two-week low on China virus fears, safe havens gain

Stocks markets tumbled worldwide on Monday as investor worries about the potential economic impact of the coronavirus drove up prices of safe-haven assets such as the Japanese yen and government debt. China’s yuan slid to a 2020 low and commodity-linked currencies such as the Australian dollar fell on mounting concern about the coronavirus. The yen […]

Oil sinks to three-month lows as coronavirus raises demand fears

Crude futures dropped 2% to three-month lows on Monday as the death toll from China’s coronavirus grew, curtailing travel and fueling expectations of slowing oil demand. Brent crude LCOc1 settled at $59.32 a barrel, losing $1.37, or 2.3%, its lowest since Oct. 21. U.S. crude CLc1 settled at $53.14 a barrel, was down $1.05, or […]