Shared-workspace company WeWork has faced significant challenges in recent years, including bankruptcy and the ousting of its co-founder Adam Neumann. Neumann, who had been trying to regain control of the company since his resignation under pressure from the board in 2019, has now given up...
India-based Jio Financial Services is looking to go into the device leasing business. The financial services provider published a postal ballot notice saying it is seeking shareholder approval to acquire 360 billion rupees ($4.33 billion) worth of telecom equipment and devices from the retail arm...
Rating agencies reportedly expect a greater share of the lowest-quality investment-grade bonds to be downgraded than to be upgraded. That’s the first time this has been the case in this part of the U.S. corporate bond market since the end of 2021, the Financial Times...
New orders for manufactured durable goods increased by 0.7% in April. Orders increased by $1.9 billion to $284.1 billion during the month, the U.S. Census Bureau said in a Friday (May 24) press release. April’s increase in orders for durable goods followed a 0.8% increase in March and marked...
DocuSign is focused on building itself as an independent public company, according to the electronic signature platform’s CEO. Allan Thygesen made that pronouncement in an interview with CNBC published Wednesday (May 23), following reports that private equity firms had considered a takeover. “We’re focused on building a great,...
Nothing dulls the enterprise risk appetite like uncertainty. And for today’s businesses, the focus remains on navigating the threats of recession, cybersecurity risks and pressure to demonstrate sustainable profitability. But mitigating risk doesn’t have to mean abandoning growth opportunities — it just means that investments...
Concerns about inflation and the potential for another interest rate hike are only increasing the fierce levels of uncertainty corporate CFOs must now navigate — and that uncertainty comes at a high cost. And, as PYMNTS Intelligence found in completing its “2024 Certainty Project Report,”...
CURO Group Holdings has filed for bankruptcy protection to implement the terms of a Restructuring Support Agreement (RSA) supported by about 74% of its lenders. The restructuring plan is expected to reduce the company’s debt by about $1 billion, save it about $75 million in cash...
Lightspeed, which provides point-of-sale (POS) systems to restaurants, is reportedly considering going private. The firm went public five years ago but Dax Dasilva, interim CEO and founder of Lightspeed, wonders if going private would be a better option, Bloomberg reported Monday (March 25), citing an...