Factbox-US corporate bankruptcies set for highest level since 2020
By Bansari Mayur Kamdar (Reuters) -Bankruptcy filings by U.S. companies this year are on track to hit their highest since the pandemic, amid high interest …
wework
WeWork appoints insider Claudio Hidalgo as COO
(Reuters) – Shared office space provider WeWork Inc has appointed insider Claudio Hidalgo as chief operating officer, the company said on Tuesday. Hidalgo served as …
WeWork rival IWG resumes dividends, eyes $1 billion in medium-term profit
(Reuters) – Office rental firm IWG said on Tuesday it will resume regular dividend payouts and set a medium-term core profit target of $1 billion, …
Why WeWork failed, and what is next
(Reuters) -Flexible workspace provider WeWork sought U.S. bankruptcy protection on Monday, crippled by a large debt pile and soaring losses due to lower demand for …
Office rental firm IWG looks to snap up more sites of rival WeWork
(Reuters) – IWG is looking at acquiring more of collapsed rival WeWork’s sites, the office rental firm’s top boss Mark Dixon confirmed on Tuesday. The …
WeWork China will not participate in WeWork’s strategic reorganisation
BEIJING (Reuters) – WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday. WeWork …
WeWork COO Anthony Yazbeck to step down
(Reuters) – WeWork’s Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on …
KKR adds former WeWork CFO to board
(Reuters) – KKR & Co on Monday added former finance chief of office-sharing startup WeWork, Kimberly Ross, to the company’s board. The private equity firm …
Wall Street funds explore potential bankruptcy plan for WeWork – WSJ
(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal …
NYSE suspends trading of WeWork warrants, to start delisting them
(Reuters) – The New York Stock Exchange (NYSE) has suspended trading in WeWork’s warrants due to “abnormally low” trading price levels and will initiate proceedings …
WeWork receives non-compliance notice from NYSE
(Reuters) – WeWork Inc said on Tuesday that it had received a non-compliance notice from the New York Stock Exchange, as its stock traded below …
WeWork rival IWG shares plummet as analysts wary of recovery
(Reuters) – Shares of IWG fell 18% on Tuesday to their lowest since March 2020, as the office rental group’s first-half results failed to impress …
WeWork appoints Andre Fernandez as CFO
(Reuters) – Flexible workspace provider WeWork Inc on Thursday appointed Andre Fernandez as its chief financial officer (CFO), replacing Benjamin Dunham. Fernandez, who most recently …
WeWork rival IWG to merge digital assets with The Instant Group
By Aby Jose Koilparambil – Office rental company IWG said it would merge its digital assets with flexible workspace platform The Instant Group, as office …