Category: Finance News

May 5

The Wall Street Journal: WeWork co-founder Adam Neumann sues SoftBank over collapse of $3 billion deal

WeWork’s co-founder and former chief executive Adam Neumann sued SoftBank Group Corp., accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company. The civil complaint, filed in Delaware’s Chancery Court, is the latest legal tussle over SoftBank’s multibillion-dollar rescue of We Co., the parent […]
May 5

The Wall Street Journal: Juul moving its headquarters from San Francisco to Washington

Juul Labs Inc. is moving its headquarters from San Francisco to Washington, D.C., as the e-cigarette maker seeks to repair its relationship with regulators and distance itself from Silicon Valley’s growth-at-all-costs culture, according to people familiar with the matter. The move is part of a broader restructuring plan that includes a reduction in the company’s […]
May 4

NYC Police Union Claims ‘City Will Fall Apart’ Unless Cops Taken Off Social Distancing Enforcement

The New York City Police Benevolent Association, the city’s largest police union, released a statement Monday arguing that officers should not be tasked with enforcing social distancing ordinances. “The NYPD needs to get cops out of the social distancing enforcement business altogether,” PBA president Patrick Lynch said in a statement. “As the weather heats up […]
May 4

Leaked intelligence report saying China 'intentionally concealed' coronavirus to stockpile medical supplies draws scrutiny

WASHINGTON — Amid a concerted push to blame China for the coronavirus pandemic, the Trump administration has issued an intelligence analysis claiming China purposely delayed notifying the World Health Organization about the spread of the contagion in order to stockpile medical equipment, according to two recent government documents obtained by Yahoo News.  The analysis, which […]