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Ousted WeWork co-founder bids to buy company: reports
Ousted WeWork co-founder bids to buy company: reports
by  AFP

Ousted WeWork co-founder Adam Neumann recently bid more than $500 million to buy back the struggling office-sharing group, according to media reports Monday. Neumann recently submitted the offer, but it was not clear how he would finance such a deal, the Wall Street Journal and CNBC reported, citing sources close to the matter.

Deutsche Bahn and train drivers reach deal in wage dispute
Deutsche Bahn and train drivers reach deal in wage dispute
by  AFP

Germany's Deutsche Bahn rail operator and the GDL train drivers' union have reached a deal in a wage dispute that has caused months of crippling strikes in the country, the union said on Monday. "The German Train Drivers' Union (GDL) and Deutsche Bahn have reached a wage agreement," GDL said in a statement.

Sales of new US homes edge down unexpectedly in February
Sales of new US homes edge down unexpectedly in February
by  AFP

US new home sales ticked down surprisingly in February, according to government data released Monday, after January's rate was revised higher. New single-family home sales were at an annual rate of 662,000 last month, seasonally adjusted, 0.3 percent down from the revised 664,000 figure for January, said the Commerce Department.

Hong Kong's popular Octopus card expands to mainland China
Hong Kong's popular Octopus card expands to mainland China
by  AFP

Hong Kong's popular Octopus tap-and-go card will be accepted on public transport in more than 336 mainland Chinese cities from Tuesday, the e-payment company has announced. Under the new scheme, the Octopus-China card will be accepted on buses, subways, trains and ferries in about half of the cities in mainland China.

Troubled Boeing announces CEO Dave Calhoun to step down
Troubled Boeing announces CEO Dave Calhoun to step down
by  AFP

Boeing announced Monday that CEO Dave Calhoun would leave his post as the aviation giant faces increased scrutiny after a series of safety incidents and manufacturing issues. US regulators last month gave Boeing 90 days to come up with a plan addressing quality control issues, with the regulatory Federal Aviation Administration saying the company must "commit to real and profound improvements."