1 min read · 04 January 2016
General Motors Inc and Lyft Inc Monday announced an alliance to develop an on-demand network of autonomous vehicles as well as a $500 million investment by the automaker as part of a $1 billion fund-raising round by the ride-sharing service, Reuters reported.
2 min read · 04 January 2016
Ant Financial Services Group, the finance arm of Chinese e-commerce giant Alibaba Group Holding Ltd, said on Monday it is looking to raise funds from investors ahead of a planned initial public offering, the second time in less than six months the company taps investors to finance its growth, Reuters News reported.
1 min read · 04 January 2016
John Angelo, the head and co-founder of New York-based investment firm Angelo, Gordon & Co, has died at age 74, according to an email sent to the firm's employees, Reuters News reported.
1 min read · 04 January 2016
The newspaper unit of Warren Buffett's Berkshire Hathaway Inc on Thursday said it purchased The Free Lance-Star, a newspaper in Fredericksburg, Virginia, from Sandton Capital Partners, Reuters News reported.
1 min read · 04 January 2016
Mergers and acquisitions involving Israeli high-tech companies rose 44 percent to $7.2 billion in 2015, the highest level since 2006, but stock market listings were down as fewer companies chose to go public, consultancy PwC said on Wednesday.
1 min read · 31 December 2015
BlackRock, the world's largest asset manager, said on Wednesday it has sold a luxury shopping mall in central Kuala Lumpur to Malaysia's Pavilion Real Estate Investment Trust (Pavilion REIT) (PREI.KL) for 160 million ringgit ($37.33 million), Reuters News reported.
1 min read · 31 December 2015
federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's May 2012 initial public offering, Reuters News reported.
2 min read · 31 December 2015
Fidelity Investments, one of the largest investors in pre-IPO companies, boosted the value of Twilio Inc by 31 percent in November, as speculation builds that the provider of mobile messaging platforms may go public in 2016, Reuters News reported.
2 min read · 31 December 2015
Caesars Entertainment Corp defeated bondholder demands for an early resolution of a lawsuit alleging the casino company failed to honor guarantees of bonds issued by its bankrupt subsidiary, sending the case to trial.
2 min read · 30 December 2015
