Business

11 things we just learned about the WeWork IPO

By Jeremy Bowman

Find out everything you need to know about WeWork before the company goes public in September.

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Chinese ship moves out of Vietnamese-claimed EEZ after standoff

Chinese survey ship Haiyang Dizhi 8 appears to be loitering just outside of Vietnam's EEZ, according to a senior analyst at C4ADS.

By James Patterson

Visa Inc. to buy Visa Europe for about $22Bn

Visa will continue to support gun purchases: 'We shouldn't determine right or wrong'

The CEO of Visa said the company will continue to facilitate gun purchases as long as it remains legal for Americans to buy firearms.

By Arthur Villasanta

China sets yuan midpoint at 7.0039 Thursday, its weakest in 11 Years

A devalued yuan makes China's exports more inexpensive and, therefore, more competitive against goods from other countries.

By Arthur Villasanta

Walgreens to acquire Rite Aid for $17.2bn; new portfolio to have 12,793 pharmacies

Walgreens is closing 200 stores, declines to release list of location closures

Walgreens hopes to save $1.5 billion in annual expenses by fiscal 2022 as part of its broad "transformational cost management program".

By Arthur Villasanta

Airbus is making life easy for Boeing

Airbus is falling short of its delivery targets, its profit and cash flow are under pressure, and customers are becoming fed up.

By Adam Levine-Weinberg

China's plan for powerful naval fleets hit by budget squeeze. Blame Trump

High costs from the levies are hurting the PLA Navy, which is being forced to cut back on its ambitious shipbuilding plans.

By Rohit R Nair

AT&T employees bribed to unlock 2 million cellphones, DOJ court documents show

Two Pakistani men offered AT&T employees over $1 million to install malware on the company's wireless network and hack the devices.

By Thomas Kika

HSBC layoffs 2019: 4,000 lose jobs after CEO's exit

The job cuts will be confined to senior roles and meant to save 4 percent of the bank's wage costs.

By Kalyan Kumar

China retaliates to Trump's new tariffs, suspends purchases of agricultural products

China's Ministry of Commerce said Chinese companies have stopped buying U.S. agricultural products due to Trump's 10% tariffs on $300 billion worth of Chinese goods.

By Arthur Villasanta

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FinTech

Robinhood investment app launching in Britain soon as FCA approval goes through

By Rishabh Jain

IBM's blockchain shipping platform may have just hit critical mass

By Timothy Green

Ethereum co-founder criticizes Facebook's Libra: It's all about trust

By Nandika Chand

The FDA taps IBM for pharmaceutical blockchain pilot

By Timothy Green

Independent foundation to manage Facebook's cryptocurrency, may debut in June

By Nandika Chand

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Wall Street plunges as Trump slaps China with new 10% tariff on $300B goods

By Arthur Villasanta

Jeff Bezos makes $1.8 billion in three days, sells Amazon stock for this purpose

By Kalyan Kumar

China navy soon to get second aircraft carrier: Type 001A set to join Liaoning

By James Patterson

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3 reasons Amazon is interested in Uber Eats India

By Leo Sun

Amazon dips a big toe into virtual reality

By Travis Hoium

Cognizant looks solid despite banking weakness

By Dan Caplinger

Russian plane crash: Ural Airlines flight lands in field after bird hit, 23 injured

Hong Kong Protests: US President Trump gets involved

Victorias Secret Fashion Show 2011: Super Angels Collection

Victoria's Secret CEO accuses financier Jeffrey Epstein of $46 million fraud

Christine Lagarde is next European Central Bank president