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Industry, Materials & Utilities Headlines

SoftBank is now Uber's largest shareholder as deal closes

A group of investors led by SoftBank Group Corp closed a deal with Uber Technologies Inc [UBER.UL] on Thursday, making SoftBank the largest stakeholder in the ride-services firm and providing a much-needed boost to controversy-ridden Uber.

Apollo-owned security firm ADT's IPO prices below target

U.S. security company ADT Corp , owned by private equity firm Apollo Global Management LLC , said on Thursday its initial public offering (IPO) was priced well below its expected range, signaling investors are being picky about new offerings.