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Flying taxis are about to take off at last

Will investors be taken for a ride?THE HISTORY of the flying car is almost as old as that of powered flight itself. It started with the Curtiss Autoplane of 1917, an awkward-looking contraption with detachable wings. It never left the ground. Later machines made it into the skies but failed to take off commercially. Money…

Billionaires battle for Tribune Publishing

A bidding war is under way to wrest control of the media group from a hedge fundGARY MARX and David Jackson, two veteran investigative reporters at the Chicago Tribune, spent most of last year seeking potential buyers who might save their newspaper from Alden Global Capital, a New York hedge fund. “We need a civic-minded…

WeWork begins a humbler second act

The refurbished flexible-office firm once again eyes a stockmarket listingIT IS HARD to imagine such shockingly different financial documents. Two years ago a startup in New York that boosters claimed was worth $47bn issued a flowery prospectus in advance of its initial public offering (IPO). The firm’s mission, it declared, was to “elevate the world’s…