WeWork has enough cash to meet coronavirus challenges -letter
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NEW YORK (Reuters) - WeWork told investors on Thursday the $4.4 billion (3.7 billion pounds) in cash and cash commitments it had on hand at year-end 2019 is sufficient to execute its five-year plan, including managing the challenges posed by the recession-bearing coronavirus crisis.WeWork, whose losses more than doubled to $1.25 billion as of the third quarter of 2019, told bond investors in a letter reviewed by Reuters that it was in a sound financial position to execute its previously..