SoftBank Seeking to Take Control of WeWork Through Financing Package 
 

SoftBank has prepared a financing package that would give it control of WeWork and further sideline its founder Adam Neumann in exchange for relieving the shared-office startup's looming cash crunch, according to people familiar with the matter.

 
Sears Hasn't Fared Better After Bankruptcy 
 

Sears's bankruptcy filing was supposed to give the troubled retailer a fresh start. But a year later, the chain is still struggling with many of the same problems it faced before it sought court protection.

 
UAW Increases Strike Pay for GM Factory Workers 
 

The UAW said GM workers on the picket line will see weekly strike pay increase to $275 from $250, a sign the union is preparing to extend a nearly monthlong walkout.

 
FAA, Boeing Criticized for Oversights in MAX's Design 
 

An international panel of experts said inadequate U.S. safety oversight, combined with Boeing's failure to properly assess and communicate important design changes, contributed to two fatal crashes of the company's 737 MAX aircraft.

 
Zillow Still Looks Like a Fixer-Upper 
 

Zillow's shares look as discounted as the fees on the homes Zillow is selling, but they still may not find many motivated buyers.

 
Citibank Fined $30 Million in Real-Estate Holding Rules Case 
 

A U.S. banking regulator has fined an arm of Citigroup $30 million, saying it violated holding period regulations on foreclosed real estate.

 
Mastercard, Visa, eBay Drop Out of Facebook's Libra Payments Network 
 

The biggest financial companies recruited by Facebook to launch a cryptocurrency-based payments network have backed out of the project, threatening to derail an ambitious initiative to remake global finance.

 
Barneys Bankruptcy Lenders Extend Bid Deadline Until Tuesday 
 

Barneys New York's lenders extended until Tuesday a deadline for the luxury retailer to clinch an offer from a buyer.

 
Reynolds Files for FDA Review of Vuse E-Cigarettes 
 

Tobacco giant Reynolds submitted an application for some of its Vuse e-cigarettes to the FDA,seeking permission to keep its vaping products on the market.

 
Fox News Anchor Shepard Smith Steps Down After 23 Years on the Air 
 

Fox News Channel anchor Shepard Smith is leaving the network he has been a part of since it launched in 1996.

(END) Dow Jones Newswires

October 13, 2019 21:15 ET (01:15 GMT)