FILE PHOTO: The signage outside the Neiman Marcus store is seen during the outbreak of the coronavirus disease (COVID-19) in New York City, U.S., April 19, 2020. REUTERS/Jeenah Moon/File Photo (Reuters) – U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing,
SYDNEY (Reuters) – Qantas Airways Ltd (QAN.AX) on Wednesday secured A$1.05 billion ($627.8 million) against its aircraft fleet to help it ride out the coronavirus crisis, sending its shares soaring, as airlines in the Asia-Pacific region sliced away capacity and jobs. Qantas raised the financing against seven of its Boeing Co 787-9s for up to
(Reuters) – WeWork is locked in negotiations this week with its largest shareholder, Softbank Group Corp (9984.T), over a new $1 billion investment to enable the shared office space company to go through a major restructuring, according to sources familiar with discussions. FILE PHOTO: A WeWork logo is pictured in the Manhattan borough of New
NEW YORK (Reuters) – Global credit rating agency Fitch Ratings on Tuesday downgraded WeWork’s credit rating by two notches to “CCC+”, putting the Softbank-backed office-sharing firm deep into junk territory a day after it abandoned an initial public offering. WeWork logos are seen at a WeWork office in San Francisco, California, U.S. September 30, 2019.