Goldman Sachs Group Inc (GS.N) received permission on Monday to complete its $17 billion acquisition of GE Capital Bank’s U.S. online deposits. The deal, which was approved by the Federal Reserve, had been pending since August 2015. Goldman would control around $95 billion in deposits through its GS Bank unit ... Read More »
Singapore’s DBS Group Holdings (DBSM.SI) is seen leading the race to buy British bank Barclays’ (BARC.L) Hong Kong and Singapore private wealth units, valued at as much as $300 million, sources with knowledge of the situation said on Monday. The other bidder left in the race is rival Singaporean lender ... Read More »
Top daily fantasy sports companies FanDuel and DraftKings agreed to stop taking money in New York on Monday, amid a months-long fight with the state’s attorney general over whether the games are illegal gambling. New York Attorney General Eric Schneiderman said the companies had agreed to immediately stop operating paid ... Read More »
U.S.-based IHS Inc (IHS.N) agreed to buy Markit Ltd (MRKT.O) to create a $13 billion London-based data and business research provider, in the latest example of a U.S. company moving its domicile overseas where corporate tax rates are lower. The companies said IHS shareholders will own about 57 percent of ... Read More »
Starwood Hotels and Resorts Worldwide Inc (HOT.N), owner of the Sheraton and Westin brands, accepted a higher $13.6 billion acquisition offer from peer Marriott International Inc (MAR.O), spurning a bid from China’s Anbang Insurance Group. The move dramatically raises the stakes in the bidding war since the deal with Marriott ... Read More »
Drugmaker Valeant Pharmaceuticals International Inc (VRX.TO)(VRX.N) said on Monday its chief executive officer is leaving and billionaire investor William Ackman would join the board as it tries to clean up accounting problems and save its business. The company, whose operations include prescription drugs, consumer products, and Bausch & Lomb eye ... Read More »
Apple Inc (AAPL.O) on Monday unveiled a smaller, cheaper iPhone aimed at new buyers, especially in emerging markets and possibly China, the world’s biggest buyer of smartphones, as the technology company looks to reverse a decline in worldwide sales of its most important product. The new device, called the iPhone ... Read More »
Note to self: Remember that Post-its turn 35 this month. Since it first hit office supply closets across America in the early Eighties, the ubiquitous sticky square has been a life saver for our notes, reminders, and everything in between. Who can forget the iconic “Sex and the City” breakup ... Read More »
A blue diamond ring that child star-turned-diplomat Shirley Temple wore for decades is going up for auction. Sotheby’s says the 9.54 carat ring is among the more than 300 lots in the “Magnificent Jewels” auction scheduled for April 19 in New York. It has a pre-sale estimate of between $25 ... Read More »
After 20 hours of debate, a majority of 165 to 86 lawmakers voted in favour of repealing two bills which stood in the way of the agreement with creditors. It is a victory for President Mauricio Macri who struck the deal after his election win in November. It will now ... Read More »
The tie-up will create one of the largest exchange companies in the world with a combined value of about £21bn. Under the terms of the deal, LSE shareholders will own 45.6% of the new holding company, while Deutsche Boerse shareholders will own 54.4%. LSE chief executive Xavier Rolet said the ... Read More »
The central bank said the labour market was strengthening, but it was still looking for inflation to reach its 2%. target. The Fed indicated it expected the US economy to continue to “expand at a moderate pace” Interest rates remain between 0.25% and 0.5% after being raised for the first ... Read More »
