Credit & Capital

Regulation

SEC Sues App Developer Kik Over $100M ICO

"The securities laws should not be applied to a currency used by millions of people in dozens of apps," Kik responds.
Banking & Capital Markets

Flower Delivery Service FTD Files Bankruptcy

The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
Banking & Capital Markets

Blackstone Buys GLP Warehouse Properties

The $18.7 billion deal is a bet on the future of e-commerce and logistics growth.
M&A

Infineon Technologies Buys Cypress Semiconductor in $10B Deal

The combined company’s sales would place it among the top 10 chipmakers globally.
Banking & Capital Markets

Shutter Maker Files Chapter 11 With Sale Plan

American Home Products has accepted a "stalking horse" bid for its assets, which include the Louver Shop and Danmer brands.
The Economy

Trump Threatens Tariffs Against All Mexican Goods

The president promised an escalating trade war until Mexico takes action to "dramatically reduce or eliminate" illegal immigration.
Fraud

Court Dismisses Suit Over CBOE’s ‘Fear Gauge’

A federal judge says investors failed to show the exchange intentionally designed a settlement process that made its VIX index vulnerable to manipulation.
Banking & Capital Markets

Bank Profits Surge 8.7% to $60.7 Billion in Q1

Boosted by a 6% gain in net interest income, the industry's strong Q1 performance followed a record year in 2018.
Banking & Capital Markets

Morningstar Advances Credit Ratings Business With DBRS Acquisition

The two companies share a vision for a credit ratings industry based on “independence, transparency, and responsiveness.”
Applications

Global Payments Agrees to Buy Total System Services

The merger is the latest in a series of deals involving large financial technology firms.
M&A

Fiat Chrysler Proposes Merger With Renault

The combined company is poised to become a leader in the race for developing electric and autonomous vehicles.
Banking & Capital Markets

British Steel Goes Insolvent, Blaming Brexit

"There are a number of reasons why [British Steel's] turnaround has been very badly blown off course but the main one is Brexit,” its owner says.
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