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Another week of gains on Wall Street…WeWork to sell MeetUp, cut jobs…Sonoma County wineries survive fires

NEW YORK (AP) — The stock market has capped another week of healthy gains, despite some wobbly trading amid conflicting signals about trade negotiations with China. Modest increases on Friday were enough to send major indexes to more record highs. The S&P 500 closed out a fifth straight week of gains, matching its longest winning streak in the last two years.

NEW YORK (AP) — WeWork says it will divest from several side businesses and cut jobs across several units as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. The office-sharing company revealed the plans Friday in a presentation that was first shared privately with investors in October. The businesses WeWork will sell off include the online event organizer Meetup and its stake in the woman-focused co-working company The Wing.

UNDATED (AP) — The U.S. women’s national team has been granted class status in its lawsuit against U.S. Soccer that alleges gender discrimination in compensation and working conditions. Friday’s ruling by U.S. District Court Judge R. Gary Klausner in Los Angeles expands the case beyond the 28 players who originally brought the lawsuit to include all players who had been called up to camp or played in a game over a multiyear period.

HEALDSBURG, Calif. (AP) — The wineries of California’s Sonoma County are largely unharmed after fires raged through the area this fall. Nearly 95% of the harvest was done for the year, and only one winery burned to the ground. But the wine industry north of San Francisco has seen a drop in tourism. After vineyards were threatened by two serious fires in three years, winemakers are taking preventive steps such as clearing brush and buying backup generators.

NEW YORK (AP) — The CBD craze is leaving the war on drugs a bit dazed and confused. The extract that’s been showing up in everything from candy to coffee is legally derived from hemp plants, which look and smell a lot like marijuana. One New York City shop owner says his inventory of legal hemp was confiscated when New York City police raided his business, thinking the 100 pounds of plants they seized were marijuana. Police also arrested the man who came to pick up the plants.

Associated Press

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