News

Capital Markets

Goldman Reorganizes to Highlight Retail Shift

The changes to Goldman's business segments showcase "how digitally focused and consumer focused the Wall Street titan has become."
M&A

Coupa Software Buys Travel Software Company Yapta

The Seattle-based startup will join Coupa’s business savings management platform.
Financial Performance

Pier 1 to Close 450 Stores as Q3 Loss Widens

The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
People

Gannett CFO to Leave at End of First Quarter

The parent company of USA Today has started the process to find and appoint Alison Engel’s successor.
Corporate Finance

Bed Bath & Beyond Completes Sale-Leaseback

The $250 million real estate deal with a private equity firm "marks the first step toward unlocking valuable capital in our business."
M&A

Yum Brands to Buy Habit Burger Grill

The KFC and Taco Bell owner is moving into fast-casual with its acquisition of the burger chain’s parent company.
Regulation

NY Regulator Seeks Banks’ Libor Transition Plans

Inadequate preparation for the transition "could have an adverse impact on the safety and soundness of regulated institutions."
The Economy

Manufacturing Slump Reaches 5th Straight Month

A gauge of manufacturing activity hit its lowest level in 10 years but the easing of U.S.-China trade tensions may benefit some industries.
Cybersecurity

Travelex Services Shut Down by Malware Attack

The international foreign currency exchange took systems offline “as a precautionary measure in order to protect data.”
The Economy

U.S. New Vehicle Sales Hit Record $462B in 2019

“Despite a lot of noise and some uncertainty with light-vehicle sales, 2019 has turned out to be a strong year."
Payments

Ant Financial Makes Move on Singapore Market

The Chinese electronic payments company has applied for a digital banking license in Singapore as it continues its shift toward overseas markets.
People

TiVo Shuffles CFOs Amid Xperi Merger

Peter Halt is being replaced by chief accounting officer Wesley Gutierrez.
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