Business

WeWork sues Japan's SoftBank for backing out of deal

Office-sharing giant WeWork on Tuesday sued SoftBank claiming the Japan-based technology investment group breached its contractual obligations by backing out of a $3 billion rescue plan.

Business

Microsoft shareholders defeat 2 activist proposals

Microsoft's shareholders have defeated two proposals by activist investors calling for the company to add a rank-and-file employee on its board of directors and report on gender disparities in company salaries.

Business

Alibaba shares surge on Hong Kong debut

Chinese online retail giant Alibaba surged Tuesday as it drew back the curtain on a Hong Kong listing the firm described as a vote of confidence in the embattled city.

Business

Boeing splits CEO, chairman role amid MAX crisis

Boeing unveiled a shift to its leadership structure on Friday as it manages the 737 MAX crisis, announcing that Dennis Muilenburg will remain chief executive but step down as chairman.