Author: KMFSLLP

WeWork officials, including co-founder and former Chief Executive Adam Neumann, are being sued by minority shareholders to recoup losses as the shared workspace provider pulled its initial public offering and saw its value plunge more than 87%.

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British nursery retailer Mamas & Papas Retail was sold to private equity firm Bluegem Capital Partners, administrator Deloitte said on Friday, leading to the shutdown of six loss-making stores and 73 job losses.

Tragedy highlights disproportionate number of young people trafficked from Vietnam

An Italian court on Friday convicted 13 former bankers from Deutsche Bank, Nomura and Monte dei Paschi di Siena over derivative transactions that prosecutors say helped the world's oldest bank conceal massive losses.

Telecom Italia (TIM) plans to spin off its data centre operations and look for an investor ahead of a potential market listing, it said on Friday, after announcing a partnership with Google to develop its cloud business.

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Tesla Inc Chief Executive Officer Elon Musk took to Twitter on Friday to taunt short-seller David Einhorn in an open letter after the hedge fund owner wrote to clients about losing money on his short position in the Silicon Valley car maker.

Remainers say PM’s praise shows flaw in Brexit pact for rest of UK

Germany's Enercon, the world's sixth-largest wind turbine maker, is cutting 3,000 jobs, or 17% of total staff, daily Sueddeutsche Zeitung reported, not citing where it obtained the information.

* EU finance ministers to back plan with joint statement in Dec.

Accountancy firm Deloitte said on Friday it had sold Mamas & Papas Retail to private equity firm Bluegem Capital Partners, leading to the shutdown of six loss-making stores and 73 job losses in the British nursery retailer. The news of the sale of the company, which sells pushchairs, car seats,...