In a statement, a WeWork executive said that given enough time, his company’s prime office spaces would be successful. “Location and market maturity play a significant role in driving building occupancy and profitability, which we are highly focused on under our new direction,” said Nick Worswick, global head of sales at WeWork. “We look forward […]
‘It’s Definitely Pretty Empty’: Why Saving WeWork Will Be Hard Read More »
SAN FRANCISCO — Uber has acquired a majority stake in the grocery delivery start-up Cornershop for an undisclosed sum, the company announced on Friday, as it seeks to build its food delivery business. The company has looked to expand beyond ride-hailing, particularly since its troubled debut on the public markets in May. Although the growth
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The tobacco giants Philip Morris International and the Altria Group are in talks to reunite, the companies said on Tuesday, in a deal that would combine the most popular brands of both traditional and electronic cigarettes. The companies described the proposed deal in a statement as an “all-stock, merger of equals,” but cautioned that the
