WeWork Seeks $6 Billion Financing, Contingent on IPO Success

Aug 02 2019

WeWork Cos. is setting up $6 billion in financing to pursue its global ambitions, but there's an unusual catch: It must first succeed in its initial public offering next month.

Capital One Says Data Breach Hit 100 Million Individuals in US

Jul 30 2019

Capital One Financial Corp. said data from about 100 million people in the US was illegally accessed after prosecutors accused a Seattle woman identified by Inc. as one of its former cloud service employees of breaking into the bank’s server.

Trump Taps Mueller Inquisitor Ratcliffe To Replace Coats as Intelligence Head

Jul 29 2019

US President Donald Trump said he plans to nominate a loyalist, Representative John Ratcliffe, as Director of National Intelligence, replacing Dan Coats, who he said would depart the office on August 15.

Govt Plans $10-billion Offshore Sovereign Bond Issuance in October

Jul 24 2019

India is considering an option to raise $10 billion in one go from its first overseas bond sale as early as October, according to people familiar with the matter.

Reliance, Aramco Talks on Refinery Stake Sale Are Said to Stall

Jul 23 2019

Indian billionaire Mukesh Ambani’s Reliance Industries Ltd’s talks to sell a minority stake in its refinery business to Saudi Arabian Oil Co have stalled on differences over the deal’s structure, people with knowledge of the matter said.

Europe Car Sales Extend Downward Spiral With Worst Drop of 2019

Jul 22 2019

After a profit warning last week from German manufacturer Daimler AG, Europe's industry body reported a 7.9% year-on-year drop in sales for June. That's the biggest decline this year, and the ninth in the last 10 months.

Govt Mulls Breaking Up Coal India Units to Boost Output

Jul 17 2019

India may spin off units of Coal India Ltd., the world’s largest coal miner, into separate listed companies to boost competition and raise government funds, according to people with knowledge of the matter.

Tesla Cuts Prices On Vehicles Shipped To China; Stock Drops

Jul 16 2019

Tesla Inc. cut prices for all vehicles shipped to China to help boost sales in its second-largest market.

Amazon Faces EU Probe As Vestager Plans Summer Finale

Jul 16 2019 Inc. is to be investigated by the European Union as the bloc's antitrust chief Margrethe Vestager prepares for a summer finale to her five-year crackdown on U.S. technology giants.

IndiGo’s Gangwal Says Won’t Sell Out Amid Fight With Co-Founder

Jul 16 2019

Rakesh Gangwal, the co-founder of IndiGo, said he won’t sell his shareholding in India’s largest airline and will maintain his stake amid a feud with his partner Rahul Bhatia.