SoftBank Seeking to Take Control of WeWork Through Financing Package

SoftBank has prepared a financing package that would give it control of WeWork and further sideline its founder Adam Neumann in exchange for relieving the shared-office startup's looming cash crunch, according to people familiar with the matter.

 
Sears Hasn't Fared Better After Bankruptcy

Sears's bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later, the chain is still struggling with many of the same problems it faced before it sought court protection.

 
Blackstone Talked With Citadel About Buying Stake

Blackstone has discussed buying a stake in Ken Griffin's Citadel, whose hedge fund could be worth between $5 billion and $7 billion.

 
UAW Increases Strike Pay for GM Factory Workers

The UAW said GM workers on the picket line will see weekly strike pay increase to $275 from $250, a sign the union is preparing to extend a nearly monthlong walkout.

 
Google Shuts Out Payday Loans With App-Store Ban

Google has barred high-interest consumer loan services from the Google Play app store, limiting payday lenders' ability to access users of Android devices.

 
India's Richest Man Battles Amazon, Walmart to Work With Mom-and-Pop Shops

India's mom-and-pop stores are being weaponized, as Walmart and Amazon square off against India's richest man in the country's nascent online retail market.

 
Bankruptcy Judge Pushes Purdue Into Talks With States Over Sackler Family Legal Shield

A bankruptcy judge granted a brief legal reprieve to the Sackler family, owners of Purdue Pharma, shielding them from answering in court for their alleged role in feeding the nationwide opioid crisis.

 
FAA, Boeing Criticized for Oversights in MAX's Design

An international panel of experts said inadequate U.S. safety oversight, combined with Boeing's failure to properly assess and communicate important design changes, contributed to two fatal crashes of the company's 737 MAX aircraft.

 
Major Blue Health Insurers Drop Deal to Combine

Blue Cross and Blue Shield of North Carolina and Cambia Health Solutions said they were dropping plans to combine, after the resignation of the North Carolina insurer's chief executive.

 
Zillow Still Looks Like a Fixer-Upper

Zillow's shares look as discounted as the fees on the homes Zillow is selling, but they still may not find many motivated buyers.

(END) Dow Jones Newswires

October 13, 2019 23:15 ET (03:15 GMT)

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