News for nerds
WeWork said on Friday it has agreed to go public through a merger with blank-check firm BowX Acquisition Corp, enabling the office-sharing company to complete a stock market listing two years after its failed first attempt. The merger with BowX, Read more
Insurance companies have spent $17 million to defeat proposals to weaken or abolish the for-profit bail industry in the United States, a system that brings insurers $15 billion in business a year, company financial statements and interviews with more than Read more
A possible listing of luxury division Porsche AG is not at the top of the agenda of Volkswagen, Chief Executive Herbert Diess told Frankfurter Allgemeine Zeitung in an interview. “The issue of a Porsche listing currently does not have a Read more
Cryptocurrency firm Blockchain.com said on Wednesday it had raised $300 million in its latest funding round at a valuation of $5.2 billion. The round was led by partners of DST Global, Lightspeed Venture Partners and VY Capital, the London-based company Read more
Victoria’s Secret owner L Brands raised its current-quarter profit forecast for the second time this month as customers use stimulus checks to buy everything from scented candles to lingerie, sending its shares to a three-year high. The company on Friday Read more
Facebook Inc said on Friday it plans to reopen its Menlo Park, California headquarters with 10% occupancy on May 10, if the COVID-19 situation begins to improve. Major tech companies including Facebook were among the fastest to shift to work Read more
German carrier Lufthansa is reconsidering its decision to cancel an agreement that allows passengers of smaller rival Condor to use Lufthansa feeder flights as part of their journey to holiday destinations, a spokesman for the company said. Condor has complained Read more