News

Credit

Puerto Rico Reaches Deal Over $35B in Debt

The deal with supporting creditors “will reduce the amount of Commonwealth-related bonds outstanding to less than $12 billion.”

William Sprouse
June 18, 2019
Payments

Facebook Unveils Libra Cryptocurrency

The project would bring a consumer-friendly version of digital currencies to smartphones around the world.
M&A

Sotheby’s in Deal With Drahi to Go Private

The $3.7 billion transaction values Sotheby's at $57 per share, a premium of 61% to last week's closing share price.
The Economy

IEA Cuts Oil Demand Forecast

Oil demand growth falls to its lowest level in years as the global economy slows.
Regulation

PwC Fined Over Audit Failure

The company was fined $5.8 million over its audit of technology firm Redcentric.
Banking & Capital Markets

Fiverr IPO Soars as Trading Begins

Shares of the Israeli online freelancer platform jumped on the company's first day of trading.
Banking & Capital Markets

KKR is Acquiring the Publisher of Business Insider and Bild for $7.7B

Bid is up 40% from late May when talks between the companies were first reported.
Banking & Capital Markets

Volkswagen Aims to Raise $2.1B From Truck Unit IPO

The carmaker plans to invest proceeds into transforming auto production as it readies to launch electric vehicles.
Human Capital & Careers

More U.S. Companies to Allow Remote Working

More than half of U.S. companies said they offer remote working to increase employee retention, according to a new global workplace survey.
Legal

Ten States Sue to Block T-Mobile, Sprint Merger

If the states obtain an injunction before the deal is consummated, "that would bring things to a halt."
Banking & Capital Markets

Hudson’s Bay Investors Propose Go-Private Deal

"Improving HBC's performance will require significant time and patient long-term capital that is better suited in a private company context."
Payments

Visa Rolls Out Cross-Border B2B Network

The move is part of Visa’s effort to push into the high-value cross-border transaction market.
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