(Reuters) – WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.
WASHINGTON (Reuters) – A New Jersey-based brokerage will pay $13 million to settle charges that it failed to supervise employee conduct during telephone trades and made false or misleading statements to a regulator, the U.S. Commodities Futures Trading Commission (CFTC) said on Friday.
(Reuters) – A U.S. Food and Drug Administration advisory panel on Friday recommended approving the first therapy for peanut allergies, which affect over 1.6 million children in the United States, despite raising concerns about the risk of severe allergic reactions it poses to young patients.
NEW YORK (Reuters) – The S&P 500 ended the day down slightly on Friday but less than 1% below its all-time high as a drop in Apple stock countered cooling U.S.-China trade tensions.
RIO DE JANEIRO (Reuters) – Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.
Parts of Florida remain on a tropical storm watch and will probably get heavy rain in any case. The system has maximum sustained winds near 30 mph (48 kilometers), just under tropical storm levels, and is barely moving at 1 mph, according to an 11 a.m. New York time report by the National Hurricane Center.
The Frankfurter Allgemeine Zeitung cited a person with knowledge of the appointment as saying Duesmann will start as Audi chief on April 1.
The San Francisco-based solar developer is paying as much as 60% more for solar panels it’s using in the U.S., compared with costs for projects in other parts of the world, Smith said. The prices at which it can deliver electricity to utilities “could be lower without those tariff prices,” he said Friday in an interview at Bloomberg‘s offices in Washington.
The government’s growth forecast is part of its 2020 budget blueprint unveiled last weekend, which also slightly loosened a primary surplus target as the government aimed to balance big welfare promises with the reality of a stagnant economy.