WeWork has agreed to merge with a special-purpose procurement company, according to people familiar with the matter, in a deal that would go public with the shared office provider nearly two years …
Read More »Nokia to cut up to 10,000 jobs to offset 5G investment
Nokia Corp. NOK -0.23% It plans to cut 5,000 to 10,000 jobs over the next two years, a move that it said would make it more competitive in the 5G equipment market …
Read More »Texas grid operator discussed financing with Goldman as power buyers resist payment shortfall
The Texas grid operator has been in talks with financial institutions, including Goldman Sachs Group Inc., about possible financing options to address a deficit of more than $ 3 billion in electricity …
Read More »Greensill Capital falls into insolvency and financial pain spreads
LONDON – Greensill Capital filed for insolvency protection on Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG frozen …
Read More »Long before Greensill’s bankruptcy, Credit Suisse saw the danger
Credit Suisse Group AG knew since 2019 that the supply chain finance funds it managed with Greensill Capital were too reliant on a small group of insurers to protect investors against default …
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