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Carillion executive sold $1.1mn in shares before collapse

Bloomberg Carillion Plc’s former finance director sold shares in the UK construction company worth about $1.1 million months before it imploded, according to parliamentary committees. Richard Adam cashed in shares for 534,000 pounds in March 2017, less than three months after he retired, and then sold long-term incentive awards in May 2017 on the day they vested for 242,000 pounds, ...

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WeWork, with $900mn in sales, finds cheaper ways to expand up

Bloomberg As WeWork Cos. has grown to 200 buildings across the globe, the company said its increased size is helping cut costs for everyday needs like glass, wood flooring, aluminum and light fixtures. Early signs of financial improvement are encouraging for a co-working business that critics say is overvalued and spends with abandon. The New York-based startup generated about $900 ...

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US supreme court rebuffs Trump, won’t hear immigration appeal

Bloomberg The US Supreme Court rejected a Trump administration appeal aimed at ending deportation protections for young undocumented immigrants, steering clear for now of the debate over the fate of hundreds of thousands of people. The justices, without published dissent, turned away the administration’s appeal of a ruling that has kept the Obama-era program in place. The rejection buys time ...

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