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

by | Jul 27, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

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...

Shell profits triple but low oil prices mean it’s remaining ‘very disciplined’

by | Jul 27, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Europe’s largest oil firm Royal Dutch Shell has beaten analyst expectations, reporting profits for its second quarter that are three times larger than this time last year. Here are the key second-quarter metrics: Revenue: $72.13 billion vs. expected $67.78...

Roche, the biggest maker of cancer drugs, raises outlook after first-half profit beat

by | Jul 27, 2017 | Bad Credit Loans, Bank Lending, Bureau of Labor Statistics, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Core earnings per share rose 6 percent to 8.23 Swiss francs, faster than 5 percent sales growth to 26.34 billion. Analysts polled by Reuters had expected core EPS of 7.93 francs on sales of 26.11 billion. Roche had earlier forecast 2017 sales to grow at a low- to...

White House’s Scaramucci calls airing of financial form a ‘felony,’ then removes post

by | Jul 27, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

Late on Wednesday, Politico reported findings from the former hedge fund star’s disclosure, noting that the 53 year-old had earned $4.9 million from his ownership stake in SkyBridge Capital and more than $5 million in salary between January 2016 and the end of...