News

Regulation

Cboe ‘Speed Bump’ Runs Into SEC Road Block

The commission rejected a proposal to delay incoming executable orders on a Cboe exchange to curb a strategy used by high-frequency traders.

Matthew Heller
February 24, 2020
M&A

Pepsi Snaps Up Chinese Snack-Maker

The soda and snack company is buying Be & Cheery, one of the largest online snack companies in China, for $705 million.
Legal

Wells Fargo Fined $3B Over Fake-Accounts Scandal

“This case illustrates a complete failure of leadership at multiple levels within the bank," a prosecutor says.
Financial Performance

Zillow Beats Estimates on Strong Homes Growth

"In 2019, we made significant progress toward our vision to deliver a seamless, integrated real estate transaction for our customers."
Financial Performance

Dropbox Shares Surge on Q4 Earnings Beat

The cloud service company's stock topped the IPO price of $21 per share for the first time since September.
M&A

Wexner Sells 55% of Victoria’s Secret for $525M

The sale of Leslie Wexner's controlling stake to Sycamore Partners is "an admission that [he] couldn’t revive the fortunes" of the troubled lingerie brand.
M&A

Morgan Stanley to Buy E-Trade for $13B

The deal could prompt more consolidation in the online brokerage industry.
Auditing

U.K. Audit Regulator to Review How Companies Report Climate Change Risk

“Auditors have a responsibility to properly challenge management to assess and report the impact of climate change on their business.”
Regulation

Barr Questions Lawsuit Immunity for Tech Firms

A 1996 law that protects operators of online platforms from liability for user-posted content may no longer be necessary, the attorney general says.
Disclosure

Diageo Fined for ‘Overshipping’ to Meet Targets

The SEC says the liquor company misled investors that it was achieving growth in key performance indicators through normal customer demand.
M&A

Ally Financial to Buy CardWorks

The deal will provide "instant capability and scale opportunity" in credit cards and merchant services.
Technology

Dell Sells RSA for $2B to Streamline Portfolio

The sale of the cybersecurity firm to an investor group "gives us greater flexibility to focus on integrated innovation across Dell Technologies."
1 2 3 … 387