WeWork, the office rental start-up, will buy the New York City flagship store of Lord & Taylor for $850 million and convert it to a world headquarters.
Money management firm Blackstone Group L.P. (NYSE: BX) believes it can quickly double its assets under management. According to Bloomberg:
Blackstone Group LP could double its assets under management to $800 billion in five years, according to Chief Executive Officer Steve Schwarzman.
Tesla Inc. (NASDAQ: TSLA) has increased its efforts to help hurricane-ravaged Puerto Rico. According to CNBC:
Tesla has begun making good on its promise to help Puerto Rico rebuild its energy grid after a devastating hurricane caused massive damage on the island.
On Tuesday, Tesla announced via Twitter that Hospital del Nino in Puerto Rico is “first of many” solar and storage projects going live.
Images tweeted out show solar panels and several Tesla Powerpack units being installed. This will allow the hospital to generate and store energy.
A new dangerous ransomware was detected recently. According to CNNMoney:
The U.S. government has issued a warning about a new ransomware attack that spread through Russia and Ukraine and into other countries around the world.
Cybersecurity experts said the ransomware — which posed as an Adobe update before locking down computers and demanding money for people to get their files back — targeted Russian media companies and Ukrainian transportation systems. It has also been detected in other countries including the U.S., Germany and Japan.
The U.S. Computer Emergency Readiness Team said late Tuesday it “has received multiple reports of ransomware infections … in many countries around the world.”
Twitter Inc. (NYSE: TWTR) will begin to label some ads placed on its service as political messages. According to Fortune:
Twitter said on Tuesday it would add labels to election-related advertisements and say who is behind each of them, after a threat of regulation from the United States over the lack of disclosure for political spending on social media.
Twitter said in a blog post the company would launch a website so that people could see the identities of the buyers, targeting demographics and total ad spend by election advertisers, as well as information about all ads currently running on Twitter, election-related or otherwise.
Apple Inc. (NASDAQ: AAPL) suggested people who want a new iPhone X get to stores early. According to The New York Post:
Apple said its hotly-anticipated iPhone X will be available in-store when it is released next week, but you’d better line up soon.
In a Tuesday press release reminding customers that pre-orders for the new smartphone will go live Nov. 3 at 3:01 a.m. EDT, the tech giant said walk-in customers also will have a chance to purchase a device at their local Apple Store, but “are encouraged to arrive early.”
That may be an understatement. As previously reported, Apple is only expected to have between 2 million and 3 million units available worldwide for its opening weekend launch.