With a new capital infusion, SoftBank Group is extending a lifeline of up to $8 billion into the office space and workspace solutions firm WeWork. The infusion will see SoftBank committing $5 billion in new financing as well as issuing a tender offer for an...
Four flight attendants for American Airlines were arrested and charged with money laundering after police seized $22,671 between them at Miami International Airport on Monday (Oct. 21), according to a report by CNN. Get the Full Story Complete the form to unlock this article and...
Snap, the parent company of Snapchat, said the Department of Justice and the Securities and Exchange Commission are no longer investigating it. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
In today’s payments news, Zelle’s third-quarter results show that transaction volume increased by 73 percent. Also, Tencent’s WeChat Pay is launching a new payment function that allows people to transfer funds using a mobile phone number. And Facebook CEO Mark Zuckerberg testified before the United States House of Representatives Committee on Financial Services....
WeWork, the embattled workspace company that was recently taken over by Japan’s SoftBank, will get rid of 4,000 jobs in an effort to become profitable. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Silicon Valley’s post-purchase payments company Returnly has launched International Returns, a new solution that lets global shoppers return online merchandise from anywhere in the world, the company said in a press release Wednesday (Oct. 23). Get the Full Story Complete the form to unlock this...
Fabric, an automated logistics company that used to be called CommonSense Robotics, has raised $110 million in a Series B funding round led by Corner Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
Firedome, a New York- and Tel Aviv-based cybersecurity startup, has raised $10 million in a Series A funding round with investment from Two Sigma Ventures, Silvertech Ventures and World Trade Ventures. Get the Full Story Complete the form to unlock this article and enjoy unlimited...
As more retailers try to get more shoppers into their stores – not everything is about eCommerce, after all – new technologies are playing a big role. That includes beacons. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
