VW profit jumps as core brand pushes cost cuts, models

Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand. Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier,...

US start-up WeWork raises $500 million from SoftBank and Hony Capital to expand into China

Co-working space start-up WeWork has raised $500 million to set up shop in China, the company announced on Thursday. Japanese conglomerate SoftBank and Chinese private equity firm Hony Capital led the investment. The investment created an entity that will operate...