Finance

Oct 22 (Reuters) – WeWork’s board has accepted a takeover plan proposed by Softbank Group, handing control of the office-sharing startup to the Japanese firm, according to a source directly familiar with the matter. Reuters reported on Monday that SoftBank had offered a package worth nearly $10 billion to WeWork and its shareholders under a […]

Surging demand for delivery is pushing comparable-store sales higher at McDonald’s, but it’s coming at a cost. Quarterly earnings at the Chicago company were flat at $2.11 per share. Wall Street was looking for per-share earnings of $2.21, according to FactSet. The company’s shares were down 4% in premarket trading Tuesday. The burger giant said

The joy in planning a vacation in European comes from booking Mediterranean boat trips or researching restaurants in Paris, not the boring details of how you pay for those experiences. But there I was, stuck in a parking lot in Lerici, Italy, because I had forgotten to set up a personal identification number on my

An influential British lawmaker has challenged Facebook‘s new effort to safeguard elections, warning the company that the changes will place a heavy constraint on their ability to combat misinformation. Damian Collins, the chair of Parliament media committee, wrote to Facebook on Tuesday after the Silicon Valley giant detailed plans for an expected U.K. election in

My parents are a few years away from retirement. They are entirely ill prepared financially for this life change and frankly have made — and continue to make — countless poor economic decisions. I am married and the mother of two young children. While I am not wealthy, my husband and I earn more than

World shares are mixed following upbeat talk by President Donald Trump and other U.S. officials on the status of trade negotiations with China. Britain’s FTSE 100 edged 0.1% lower to 7,155.92, while the CAC 40 in Paris lost 0.5% to 5,622.37. Germany’s DAX was flat at 12,747.46. New York was set for a tepid start,

When the grand vacation homes of Newport Beach were empty on a beautiful Memorial Day weekend, Molly Munger decided it was time for the U.S. to consider taxing wealth. As her family’s boat moved through the harbor a few years ago, Munger, whose father is a billionaire investor, saw that many of her neighbors’ houses

Motorists in socialist Venezuela have long enjoyed the world’s cheapest gasoline, with fuel so heavily subsidized that a full tank these days costs a tiny fraction of a U.S. penny. But the economy is in such shambles that drivers are now paying for fill-ups with a little food, a candy bar or just a cigarette.

New York’s attorney general is accusing Exxon Mobil of lying to investors about how profitable the company will remain as governments impose stricter regulations to combat global warming. The lawsuit, which is set to go to trial Tuesday, claims the Texas energy giant kept two sets of books — one accounting for climate change regulations

California’s governor has asked the attorney general to investigate why the state’s gas prices are so high, pointing to a new report suggesting big oil companies are “misleading and overcharging customers” by as much as $1 per gallon. Name brand retailers — including 76, Chevron and Shell — often charge more because they say their