WeWork Co-Founder Adam Neumann Sues SoftBank Over Failed $3 Billion Deal 
 

WeWork's co-founder and former chief executive Adam Neumann sued SoftBank, accusing the Japanese technology group of breaking a key provision of a deal that gave SoftBank control of the shared-office-space company.

 
United Airlines to Cut Management Ranks by 30% 
 

United Airlines expects to shrink its management and administrative ranks by at least 30% starting in October, according to a memo sent to employees, as the coronavirus pandemic wreaks havoc on the airline industry.

 
Juul Is Moving Base From San Francisco to Washington, D.C. 
 

The e-cigarette maker seeks to repair its ties with regulators and distance itself from what is described as Silicon Valley's growth-at-all-costs culture.

 
L Brands, Sycamore Agree to Scrap Victoria's Secret Deal 
 

L Brands and Sycamore Partners have agreed to scrap their plans to take Victoria's Secret private, dropping a pact that was reached just weeks before coronavirus forced the lingerie retailer to shut its stores.

 
Rental-Car Industry Gets Crushed by Coronavirus 
 

Avis posted a loss and lower revenue for its latest quarter as the pandemic clamped down on travel. Meanwhile, car-rental rival Hertz prepared to file for bankruptcy.

 
Some Companies Began Preparing for a Downturn Before the Pandemic 
 

Finance chiefs were preparing for a downturn long before the coronavirus roiled the global economy; however, few expected it to be as swift or severe.

 
AIG's General Insurance Unit Posts Underwriting Loss: Earnings at a Glance 
 

The coronavirus pandemic led to a $87 million underwriting loss for AIG's General Insurance unit.

 
Shake Shack Pauses Rapid Growth 
 

Shake Shack said Monday it is putting on hold new restaurant openings, as it seeks to shore up its balance sheet after the coronavirus crisis led to the closure of its dining rooms across the U.S. and beyond.

 
Hertz Taps Additional Adviser for Bankruptcy Preparations 
 

The company has hired an additional adviser to help prepare for a planned bankruptcy filing, as the coronavirus pandemic squeezes the car-rental business.

 
New York Times Wins Three Pulitzers 
 

The newspaper landed prizes for its coverage of Vladimir Putin's Russia, an investigation into the New York City taxi industry and commentary for a reporting project on slavery in U.S. history.

(END) Dow Jones Newswires

May 04, 2020 23:00 ET (03:00 GMT)