joins me.dent his new venture. and, the head of colibra, david marcus, joins us for an exclusive interview. continues to, continues to captivate investors. easing weoptions for work s cash crunch. continuedon the turmoil at we work is bloomberg s leon a baker who has been covering all the facets of the story. talk to me about the softbank side of this. they are hiring some bankers with the restructuring. what are they hoping to get? it doesn t seem like there is an investment banker right now who is not on the we work situation. they are working with houlihan loki, soft , restructuring specialists. they want to make sure that the assets are ok, that they understand where the leases are, what is the value. they are brought on to help softbank figure out if it wants to plow more money into we work. the we work board has hired another boutique investment bank, advising board members on wework should take. should they take a risky high-yield bond package that j.p. morgan is
president joins me. his new venture. let s consumer shop at home. and, the head of colibra, david marcus, joins us for an exclusive interview. we will hear from him live. first, our top story. wework continues to captivate wall street and investors. exploring options for easing wework s cash crunch. news trickled out that the co-working company lost its comedic asians officer who resigned last week. with more on the continued turmoil at wework is bloomberg s leona baker who has been covering all the facets of the story. talk to me about the softbank side of this. they are hiring some bankers with the restructuring. what are they hoping to get? it doesn t seem like there is an investment banker right now who is not on the wework situation. we have two new ones hired today. softbank is working with houlihan lokey, restructuring specialists. invested $10 billion in we work over the past two years. they want to make sure that the assets are ok, that they understand where the le
and short form video startup quit be looking to raise another $500 million ahead of next year s launch on top of the $1 billion it has already raised. ceo meg whitman tells us how the servicele streaming will compete. first, major news out of apple. apple s chief designer, jony ive , longtime designer, is leaving the company to form a long time to form his own design company. ive is responsible for the look of some of the iconic products including the iphone. we got a press release minutes ago from apple. there is a quote from tim cook is a singular figure in the design world and his role in apple s revival cannot be overstated from 1988 s groundbreaking imac and the iphone. to a certain extent, this is not incredibly surprising. over the last couple of years, ive has sort of taken a step back from the public eye, from the day today in the design at apple. he was very focused on building apple s new headquarters, it s circular headquarters in cupertino, california. cook goe
their annual retreat, hershey pennsylvania. they will talk about priorities for the upcoming year. the north dakota senator john hoeven talked about some areas of possible compromise. we need to pass a six-year highway bill. i think we will get that done. that is huge for america. tax reform, absolute priority. everyone wants to do it. i think it is doable. good for jobs and the middle class. house and senate republicans have frequently found themselves at odds in various issues. the chinese uber competitor has just raised $600 million in funding. the round was led by softbank. it is now valued at $2 billion. is this the end of the road for radioshack? shares down about 24% after reports the company may have to file for bankruptcy as soon as next month. radioshack has posted a loss for 11 straight quarters. in china, xaomi is known for one thing, cheap phones. now the chinese upstart is jumping into the higher end market, taking direct aim at samsung and apple. it just an
the predominant flu strain. people over 50, the vaccine was 14% effective. the flu has mutated since the vaccine was created and manufactured. radioshack preparing to file for bankruptcy. radioshack is also talking about sprint taking the wireless sprint, the wireless carrier having at least some of radioshack s stores. chinese uber competitor raised $600 million in funding, with existing shareholders ali baba and tiger global management taking part. it is now valued at $2 billion. in china, upstart phone maker xiaomi is known for one thing, cheap phones. now the upstart is jumping into the higher end market, taking direct aim at samsung and apple. xiaomi just announced their biggest and most expensive smartphones for $371. that makes it a loss less expensive than the iphone 6+. here is xiaomi s ceo in beijing. we are lighter, thinner narrower, and shorter than the iphone 6+ but we have a bigger screen, all without impacting function, performance, or design. but is this