WeWork Inc. bonds have been sinking deeper into distressed territory after two top executives left the company on the heels of a complex debt restructuring.WeWork’s roughly $163 million of 7.875% bonds due May 2025 were trading hands at about 45 cents on the dollar on Thursday, down from about 55…
Ella Irwin, Twitter’s head of trust and safety, resigned Thursday, according to multiple reports. Fortune first reported her departure, which was later confirmed by the Wall Street Journal and Reuters. Irwin took over the job in November after the previous head of trust and safety, Yoel Roth, resigned shortly after…
In a largely symbolic vote, Netflix Inc. shareholders on Thursday rejected lucrative compensation packages for the streaming company’s top executives. Netflix’s NFLX, +2.00% board had unanimously recommended the pay packages, and can overrule the vote the next time it meets. The Writers Guild of America, whose members are striking over…
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With Congress raising the debt-ceiling and both sides of the aisle grumbling about the outcome, the debate over the mechanics of paying for the U.S. government’s obligations and the close call with default now fades back into obscurity.Until the next time. Assuming Congress won’t do away with the debt ceiling…
The U.S. Senate voted 63-36 in favor of a crucial debt-ceiling bill on Thursday night, sending the measure to President Joe Biden to be signed into law. The Fiscal Responsibility Act, which the Republican-run House of Representatives approved on Wednesday night in a 314-117 vote, raises the ceiling for federal…
Bilibili’s shares fell in early Asian trading Friday, as investors weighed tepid near-term growth prospects even as the company’s bottom line improved in its latest quarterly results. Bilibili’s Hong Kong-traded shares HK:9626 were 3.3% lower at HK$120.00, bucking a rally in tech stocks in the Asian financial hub. The Hang…
Ever feel like your world has turned upside down — and not in a good way — after you eat at a restaurant? The Centers for Disease Control and Prevention has shed light on how some diners get food poisoning: Approximately 40% of foodborne infectious-disease outbreaks at restaurants were linked…
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Facebook and Instagram parent Meta Platforms Inc. on Wednesday threated to block users in California from sharing news articles if lawmakers in its home state pass legislation requiring some tech companies to pay news publishers. The California Journalism Preservation Act, which is up for a vote in the state Assembly…