25 Minutes AgoWeWork recordsdata for Bankruptcy 11 chapter protectionWeWork filed for Bankruptcy 11 chapter coverage in New Jersey federal court docket, announcing it entered agreements with maximum of its secured notice holders and intends to trim “non-operational” rentals.The chapter submitting, which is restricted to its U.S. and Canada places, reported liabilities between $10 billion and $50 billion.Valued in 2019 at $47 billion in a spherical led via Masayoshi Son’s SoftBank, the corporate attempted and failed to head public 5 years in the past. WeWork ultimately went public thru a distinct goal acquisition corporate in 2021 however has since misplaced about 98% of its price.WeWork stocks had fallen to a low of about 10 cents and had been buying and selling at about 83 cents earlier than the inventory used to be halted Monday.— Rohan Goswami, Christine Wang31 Minutes AgoChina’s imports wonder with enlargement in October, however exports fall greater than expectedChina reported a worse-than-expected drop in exports in October, whilst imports strangely rose in comparison to a yr in the past.China’s customs company mentioned exports in U.S. buck phrases fell via 6.4% in October from a yr in the past. That is worse than the three.3% drop predicted via a Reuters ballot.Imports rose via 3% in U.S. buck phrases in October from a yr in the past. That is against this to Reuters’ forecast for a 4.8% drop from a yr in the past.—Evelyn Cheng, Lee Ying Shan4 Hours AgoStocks making the largest strikes after hoursCheck out the a few of firms making headlines in prolonged buying and selling.Tripadvisor — The net shuttle company added just about 12% after beating at the best and final analysis within the 0.33 quarter. Tripadvisor reported adjusted profits of 52 cents consistent with proportion on $533 million in income, whilst analysts polled via LSEG forecast 47 cents consistent with proportion and $505 million.Vertex Prescribed drugs —Stocks fell just about 2% after the biotech corporate ignored third-quarter income estimates. Vertex reported adjusted profits of $4.08 consistent with proportion on $2.48 billion in income, whilst analysts polled via LSEG forecast $3.97 consistent with proportion and $2.50 billion in income.Global Flavors & Fragrances — Global Flavors & Fragrances rose 5% after the corporate introduced it will proceed its cooperation settlement with Icahn Capital. The events agreed to re-nominate one Icahn director and one director who is mutually agreed upon to the IFF board for the 2024 proxy season. One at a time, IFF posted third-quarter adjusted profits and income that beat analysts’ estimates.Learn the total listing right here.— Brian Evans4 Hours AgoStock futures open decrease Inventory futures had been decrease on Monday as buyers on Wall Boulevard weigh whether or not or no longer a string of features can proceed. S&P 500 futures and Nasdaq 100 futures ticked down 0.1%, whilst futures tied to the Dow Jones Business Reasonable dropped 34 issues, or 0.1%. — Brian Evans
