• Term Sheet - Wednesday, November 14

    28 days ago - By Fortune

    SOFTBANK Good morning Term Sheet readers. This is Lucinda filling in for Polina until Friday. Please send all deals to lucinda.shen fortune.com.
    WEWORK: In the span of just seven years, WeWork's valuation has grown 1,000 times to $45 billion. Not only is it the largest U.S.-based unicorn by valuation, it's also larger than the likes of Marriott , Target , and Capital One .
    That comes after Softbank committed another $3 billion in funding to the co-working space Tuesday.
    The Saudi-backed SoftBank Vision Fund previously invested $4.4 billion in WeWork. Though notably, this most recent...
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  • Morning News: November 14, 2018

    28 days ago - By Crossing Wall Street

    Crude's Collapse Is Sending Shockwaves Across Global Markets
    Japan, German Contractions Open Cracks in Global Economy
    Weaker Retail Sales Loom Over China's Economy Despite Some Bright Spots
    Greenspan Says U.S. May Be Seeing the First Signs of Inflation
    Billionaire Cohen Says Bear Market Coming Within Two Years
    Dominating Retail? Yes. Reviving a City? No Thanks.
    Who Has the Copyright Over My Cheese?
    FAA Launches Review of Boeing's Safety Analyses
    Snap Reveals U.S. Subpoenas on IPO Disclosures
    Pfizer Loses Blockbuster Drug Patent Fight in UK Supreme Court
    Waymo CEO Says Alphabet Unit Plans...
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  • German economy shrinks for the first time since early 2015

    28 days ago - By Chron

    BERLIN - Germany's economy shrank slightly in the third quarter of 2018, the first quarterly decline since early 2015, largely because of bottlenecks in getting new cars certified under tougher emissions tests.
    The Federal Statistical Office reported Wednesday that the German economy shrank by 0.2 percent in the third quarter. The figures have been adjusted for price, seasonal and calendar variations.
    The agency said exports were down and imports were up in the third quarter, meaning there was a net drag coming from trade. There were also mixed signals from domestic demand.
    The economy...
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  • Brexit Deal, German Economy, Car Wars: CEO Daily for November 14, 2018

    28 days ago - By Fortune

    Good morning. David Meyer here, filling in for Alan from Berlin.
    It really is crunch time for Brexit now. The Brits and their EU counterparts have come up with a deal, the details of which are secret but nonetheless dribbling out to the media. Prime Minister Theresa May now has to get it approved by her cabinet, with whom she will meet this afternoon, and then get it through Parliament.
    This is by no means a sure thing. The hardcore-Brexiteer “European Research Group” faction of May's Conservative party says cabinet resignations are coming, because the deal involves Northern Ireland...
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