News

Regulation

Fed Clamps Down on Bank Capital Distributions

The regulator is seeking to “ensure large banks remain resilient despite the economic uncertainty" from the coronavirus pandemic.
The Economy

U.S. Mortgage Delinquency Rate Jumps to 7.76%

More mortgages were past due in May than at any time since 2011 as Americans continue to struggle to pay bills amid the COVID-19 pandemic.
Bankruptcy

Chuck E. Cheese Parent Files for Chapter 11

CEC Entertainment expects to continue operating many of its family-oriented restaurants, including the Peter Piper Pizza chain, as it reorganizes.
M&A

Ally Financial’s Takeover of CardWorks Called Off

The companies agreed to terminate the $2.7 billion deal, citing the "unprecedented" impact of the COVID-19 pandemic.
IPOs

D&B Seeks to Raise up to $1.38B in IPO

The company is “looking to ride the recent wave of successful new listings after the COVID-19 pandemic crushed the market for new issues."
IPOs

Bill Ackman Files for Largest-Ever SPAC Offering

The investor is betting that blank-check mergers continue to be an attractive alternative to traditional IPOs amid the current market volatility.
Staffing

Tech Industry Blasts Trump Halt on H-1B Visas

“This will slow innovation and undermine the work the technology industry is doing to help our country recover from unprecedented events."
Regulation

Tuesday Regulatory Briefing: Supreme Court Puts Limits on SEC Penalties

The NYSE pushes for direct listing changes; stress tests incorporate the pandemic; eurozone banks borrow record amounts; and more.
Technology

Microsoft Scraps Game Streaming Platform

Microsoft tried to compete with Amazon's Twitch but its Mixer service saw "almost no growth in a medium that has otherwise been exploding."
Applications

ServiceNow Buys Data Management Startup

The acquistion of Sweagle will enable ServiceNow to identify and help prevent software configuration glitches that can cause outages.
The Cloud

Microsoft to Buy Startup CyberX

In a blog post, the tech giant said the deal was part of a wider initiative to accelerate and secure deployments of the internet of things (IoT).
Tax

Congress Looks to Support Charities With Tax Breaks

Two senators want to let taxpayers deduct charitable donations even if they don’t itemize their deductions.
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