News

Bankruptcy

Pier 1 to Liquidate After 58 Years in Business

"This is not the outcome we hoped for when we began [the Chapter 11] process, and we are deeply saddened to move forward with winding down Pier 1."

Matthew Heller
June 1, 2020
M&A

Cisco Adds ThousandEyes to Watch Internet

The acquisition of the web monitoring startup will expand a business that Cisco has been building since it acquired AppDynamics in 2017.
Regulation

House Passes Bill to Ease Rules for Payroll Protection

The bill would allow small businesses seeking loan forgiveness to use a smaller share of the money on payroll.
The Cloud

Salesforce Tops Estimates as Q1 Sales Rise 30%

"Our results, amidst this global crisis, demonstrated our ability to execute at speed, innovate at scale and the strength of our business model."
Legal

Judge Rules Huawei CFO’s Extradition Case Can Go Forward

Chinese officials have said the U.S. is trying to bring down the tech giant.
Applications

Workday Beats Estimates on 23% Sales Growth

The enterprise software maker lowered its full-year guidance, citing the effects of the coronavirus crisis on new business bookings.
Bankruptcy

Tuesday Morning Joins Retail Chapter 11 Parade

The discounter's in-store sales only business model left it unable to weather the fallout from the coronavirus pandemic.
The Economy

U.S. Factory Orders Tumble 17.2% in April

"While this recession didn't start with a capital spending slump, the weakness in investment spending could take a long time to dissipate."
M&A

GE to Sell Iconic Lightbulb Business

The buyer, Savant Systems, is a maker of ‘smart home’ solutions.
Credit & Capital

Equipment Finance Borrowings Dip 7% in April

Lenders are suffering from "the effects of the coronavirus pandemic, with volume levels and portfolio quality metrics both falling in tandem."
M&A

Merck Enters Race to Develop COVID Vaccine

The world's largest vaccine maker is no longer on the COVID sidelines after acquiring an Austrian biotech and teaming up with a nonprofit.
IPOs

Warner Moves Forward With IPO

The music giant would be a 'controlled company,' and proceeds from the offering would go to shareholders.
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