Bloomberg Business

WeWork Inc. shares slid 25% on Tuesday morning to their lowest price on record after the company skipped interest payments due on five of its bonds.

Citigroup Inc. will combine its sales teams that offer foreign-exchange products to corporate chiefs and institutional investors, tapping a 20-year veteran of the firm to take the reins of the newly created division.

(Bloomberg) — President Joe Biden’s son, Hunter, pleaded not guilty Tuesday to federal gun charges that conservatives hope are only the opening salvo in a legal drama they plan to put at the center of an impeachment effort as well as the 2024 election.

PNC Financial Services Group Inc. bought a $16.6 billion portfolio of capital-commitments facilities, mostly to private equity sponsors, that were arranged by failed Signature Bank.

Sao Paulo subway, train and water-supply service workers are carrying out a strike against the government’s privatization plans, with stoppages affecting public transport at South America’s largest city.

It’s not easy to take on Google’s search engine. Just ask the startups that have tried.

Novartis AG is considering selling part of radiopharmaceuticals company Advanced Accelerator Applications, people with knowledge of the matter said, as it joins an industry-wide push to cast off low-growth business lines.

Elon Musk was hit with a defamation suit accusing him of promoting a conspiracy theory falsely identifying a California man as a federal agent posing as a neo-Nazi street brawler for a “false flag” government operation.