Edition:
India

Bharath ManjeshR

Slack shares slump on soft outlook, slower growth

13 Mar 2020

Workplace communication platform Slack Technologies Inc forecast a soft revenue outlook for the first quarter on Thursday, sending its shares down more than 20% aftermarket, on a day major U.S. stock indexes went into a tailspin amid coronavirus fears.

Wells Fargo to raise minimum pay in most of its U.S. markets

06 Mar 2020

Wells Fargo & Co said on Wednesday it plans to increase minimum wage to between $15 and $20 per hour for most of its U.S. markets, joining other Wall Street banks that have raised hourly pay in recent years.

RBC to cut Canada prime rate to 3.45%, rivals follow

05 Mar 2020

Royal Bank of Canada said on Wednesday it would cut its prime rate to 3.45% from 3.95% in its first reduction since July 2015, with the country's other lenders expected to follow suit, even as the moves weigh on margins already under pressure.

GFL raises $1.4 billion in IPO amid volatile markets

03 Mar 2020

GFL Environmental Inc on Monday raised about $1.4 billion in its initial public offering, pricing it below the target range in a conservative step to ride out market volatility in the wake of the coronavirus outbreak.

Virgin Galactic dealmaker seeks to raise $900 million for new blank check companies

29 Feb 2020

Chamath Palihapitiya, the dealmaker behind last year's blockbuster Virgin Galactic deal, is looking to raise a combined $900 million through two new investment vehicles, according to regulatory filings.

Square profit beats on growth in subscription and services business

27 Feb 2020

Square Inc beat market expectation for quarterly profit on Wednesday, as the payments processor earned more from its subscription and services business, especially from Cash App, sending its shares up 8% after market.

Intuit to buy Credit Karma for $7.1 billion in cash-and-stock deal

25 Feb 2020

Intuit said on Monday it would buy privately held personal finance portal Credit Karma in a cash-and-stock deal for about $7.1 billion, as the TurboTax maker seeks to expand further into consumer finance.

UPDATE 3-Franklin Resources to buy Legg Mason in union of active management 'believers'

18 Feb 2020

Feb 18 Asset manager Franklin Resources Inc said on Tuesday it would buy rival Legg Mason Inc in a $4.5 billion deal as the two firms known for their stockpicking grapple with investors' embrace of low-cost index tracking funds.

Shoemaker Cole Haan makes U.S. IPO filing public

14 Feb 2020

Apax Partners-owned shoemaker Cole Haan Inc, formerly a part of Nike Inc , on Friday made its U.S. listing application public, after confidentially filing https://www.sec.gov/Archives/edgar/data/1791100/000119312520037131/d811846ds1.htm it with the regulators in October.

World News

U.S. coronavirus death toll rises past 3,000 on deadliest day

The U.S. death toll from the coronavirus pandemic climbed past 3,000 on Monday, the deadliest day yet in the country's mounting crisis, while New York cheered the arrival of a gleaming 1,000-bed U.S. Navy hospital ship as a sign of hope in the city's desperate fight.