WeWork's rapid growth masks deep losses ahead of IPO
WeWork parent The We Company shows 527 000 members in 111 cities, a near doubling from a year earlier, while six month losses reach 689.7 million on 1.54 billion in revenue. Total expenses jumped to 2.9 billion. expansion aims for 169 new cities, risking unprofitability. Major firms like UBS contract for redesigned spaces as enterprise memberships rise.
MENTIONED IN THIS ARTICLE
New York
WeWork
Manhattan
We Company
Darling
Uber
Lyft
Alejandro Ortiz
SharePost
UBS
Adam Neumann
We Co
Mark Lennihan
Adobe Analytics
Adobe
San Jose
Spotify
Ford extends warranties on Focus and Fiesta transmissions
Ford expands clutch and transmission warranty coverage for about 560000 Focus and Fiesta cars from 2014 to 2016 model years built before specified dates. Warranties extend to seven years or 100000 miles for clutch and 10 years or 150000 miles for the transmission control computer. Reimbursements for self-paid clutch repairs and free transmission software updates are offered, with broader coverage for pre second-half 2015 builds.
MENTIONED IN THIS ARTICLE
Detroit
Ford
U.S
Canada
HondaJet offers intimate private travel for business and pleasure
A HondaJet Elite is marketed as a compact private option priced at 5.25 million with Jet II offering substantial shares to access the aircraft. A short test flight from Piedmont Triad International Airport highlights the jet's quiet cabin, strong acceleration, and Honda design cues as executives and families seek efficient sky mobility.
MENTIONED IN THIS ARTICLE
Greensboro
Triad
Honda
Honda Aircraft Co
Glenn Gonzales
Jet II
Gonzales
Piedmont Triad International Airport
Ridge Ivory
HondaJet
PTI
HondaJets
Acura
Ivory
Stocks fall as inversion signals recession risk
U S stocks slumped after the yield curve inverted for the first time since 2007 with the 10-year yield briefly below the two-year. The Dow shed about 720 points as banks and tech led losses and Macy’s earnings declined. European and Chinese data deepened recession fears amid U.S.-China trade tensions.
MENTIONED IN THIS ARTICLE
Treasury
Macy’s
U.S
China
European
Germany
Kevin Giddis
Raymond James
Trump
Donald Trump
Federal Reserve
Fed
Mark Haefele
UBS
Also Mentioned on This Page
Nasdaq
SunSetter
United States
Consumer Product Safety Commission
Tribune News Service
Stan Choe and
Alex Vega
Associated Press
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