Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
British engineer Rolls-Royce warned that profit could come in as much as 14 percent lower this year compared with last year, citing oil price uncertainty and slowing growth in Europe and China.
Rolls-Royce said on Friday it expected pretax profit of 1.4 billion pounds to 1.55 billion pounds in 2015, compared with 1.62 billion pounds it reported for last year, which was in line with a consensus forecast.
Shares in Rolls-Royce traded down 3 percent at 878.3 pence on Friday.
Rolls, the world's second-largest maker of aircraft engines after U.S. group General Electric (GE.N), had already downgraded 2015 forecasts in October, when it shocked the market by warning there would be no growth this year.
It said then that profit would be at best unchanged from 2014 to 3 percent lower at worst. The updated guidance means profit is expected to be between 4 to 14 percent lower.
"We've broadened that band because of our growing uncertainty," Chief Executive John Rishton told reporters on a call.
Current analyst expectations for 2015 are for pretax profit of 1.481 billion pounds, in line with the mid-point of the updated range provided by Rolls.
Rolls-Royce blamed the lower oil price and slower economic growth in Europe and China for the uncertainty. It said it was seeing lower demand for the turbine engine-based power systems and associated services which it sells to oil and gas companies, and for the engine equipment used in power generation, construction and mining projects.