WeWork could be bailed out next week

Posted: Updated:

WeWork might get a bailout within the next week. The co-working company is seeking a lifeline after shelving its plans for an IPO. JP Morgan is reportedly working on a rescue package that would include its own money, according to the Financial Times. WeWork needs a cash infusion by the end of November. Restructuring, including layoffs, is expected.

Elon Musk says the Crew Dragon manned capsule is in the final stages of development. The SpaceX-built capsule is being funded by NASA and SpaceX's own funds, and represents NASA's best bet of launching American astronauts from American soil. U.S. astronauts currently hitch a ride with Russians after the space shuttle retired in 2011.

Uber could be coming to the water. The ride-sharing app is testing boat service in the city of Lagos, a notoriously congested metropolis that happens to be built on a lagoon. It's a signal of Uber's efforts to work on transit outside of its core service. The boat service will come at a cost of $1.50.

 

sorry to interrupt
your first 20 are free
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please enjoy 20 complimentary views of articles, photos, and videos during the next 30 days.
you have reached your 20 view limit
Access to News 12 is free for Optimum, Comcast®, Spectrum Networks® and Service ElectricSM customers.
Please login or create an account to continue enjoying News12.
Our sign-up page is undergoing maintenance and is not currently available. However, you will be given direct access to news12.com while we complete our upgrade.
When we are back up and running you will be prompted at that time to complete your sign in. Until then, enjoy the local news, weather, traffic and more that's "as local as local news gets."