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

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.

Electronics & Semiconductors

Intel says it will buy Tower Semiconductor for $5.4 billion

Intel said it is buying Israeli company Tower Semiconductor for $5.4 billion in a deal that could give the California chipmaking giant an edge in the business of making custom-designed chips.

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