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Microsoft and Activision Delay Deal to Settle UK Regulatory Issues

July 19, 2023 / no comments

The extension is likely a signal that the companies believe they will eventually received needed approvals.

Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback

July 19, 2023 / no comments

The bank also took impairments related to real-estate investments, much of it tied to office properties.

Goldman Sachs Reports Steep Fall in Profit, Highlighting Bank’s Woes

July 19, 2023 / no comments

The investment bank reported a profit half as large as its rival Morgan Stanley, to say nothing of larger lenders.

Governments in China are Propping Up Hong Kong’s Ailing IPO Market

July 19, 2023 / no comments

Municipalities and state-backed investors that want to drum up more economic activity are buying shares in companies going public.

Biden’s Antitrust Team Isn’t Backing Down From a Fight

July 19, 2023 / no comments

Newly released guidelines for mergers show that despite legal setbacks, top competition officials intend to keep scrutinizing takeovers and technology giants.

Kim Kardashian’s Skims Is Now Worth $4 Billion

July 19, 2023 / no comments

As the apparel company prepares to expand into physical stores and men’s clothing, its latest funding round may spur questions about when it intends to go public.

Jailed Crypto Tycoon’s Company Appoints CEO

July 19, 2023 / no comments

Terraform Labs has tapped Chris Amani to run the company as co-founder Do Kwon faces charges of fraud.

Carvana, Used Car Dealer, Reaches Deal to Restructure Debt

July 19, 2023 / no comments

Most of the company’s bondholders have agreed to accept bonds that are worth less than what they were owed but that are secured against real estate and other assets.

Victims of Cyberattack on File-Transfer Tool Pile Up

July 19, 2023 / no comments

Data breaches through Progress Software’s MoveIt tool are rippling out to companies that don’t themselves use the product.

Homeowners Don’t Want to Sell, So Home Builders Are Booming

July 19, 2023 / no comments

High mortgage rates are dissuading sellers, leaving new construction the only game in town. ‘There was no inventory on the existing market, so everybody was being pushed to a new home,’ said one builder.

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