Trump lawyer Giuliani subpoenaed in impeachment inquiry

House Democrats subpoena Rudy Giuliani for documents related to his communication with Ukrainian officials. House Democrats have subpoenaed US President Donald Trump‘s personal lawyer Rudy Giuliani for documents related to his interactions with Ukrainian officials. The House Intelligence, Foreign Affairs and Oversight and Reform panels announced the subpoena on Monday as they examine Trump’s efforts to have Ukraine investigate political rival Joe Biden and his family. Giuliani assisted in that effort. The committees are investigating the matter, the subject of a now-public whistle-blower’s complaint, as part of an impeachment inquiry…

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WeWork is not going public, for now IPO postponed

The We Company decided to focus on ‘core business’ rather than jumping onto the stock market amid investor scepticism. Investor valuation of The We Company dropped from nearly $50bn to around $10bn in a matter of months [Drew Angerer/Getty Images/AFP] WeWork’s parent The We Company said on Monday that it is filing to withdraw its initial public offering (IPO), a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. The withdrawal of its IPO prospectus formalizes the end of the pursuit of a near-term…

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Forever 21: Latest casualty of e-commerce onslaught

Fashion retailer planning to exit most of its international locations in Asia and Europe. Fashion retailer Forever 21 Inc said it has filed for Chapter 11 bankruptcy protection in the United States to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition. The company said it plans to exit most of its international locations in Asia and Europe, but will continue operations in Mexico and Latin America. The retailer said it received $275m in financing from its existing lenders with…

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