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Ford Partners with Mumbai-based Mahindra
The $275-million joint venture will develop, market, and distribute Ford-branded vehicles in India and emerging markets.
PayPal Investment Positions It for China Entry
The company will become the first foreign platform to offer digital payment services in China by acquiring 70% of a domestic provider.
Blackstone to Buy Colony Warehouses for $5.9B
The private-equity giant has been building its "last-mile" logistics business amid a surge in e-commerce demand.
Warren Slams SEC Oversight of Rating Firms
“There are strong indications that rating agencies are continuing to prop up risky financial products," the senator told SEC Chair Jay Clayton.
Flurry of SEC Cases Disclosed
With its fiscal year-end looming, the SEC disclosed charges and settlements against seven different organizations in two days.
Consumer Spending Rises Only 0.1% in August
With income outpacing expenditures, consumers may have "a good amount of cushion to sustain spending if or as the economy slows."
Mylan Settles Charges With SEC
Regulators said the pharmaceutical company failed to make disclosures around the DOJ’s investigation of its EpiPen.
SEC OKs Rule to Extend ‘Test-the-Waters’ Tool
All companies will now be able to gauge the interest of institutional investors in a possible public offering before filing a registration statement.
Peloton Plunges in Another Tough Unicorn Debut
″Investors are taking recent losses in IPOs — and investors are fleeing for safety in larger caps and Treasurys,” a market expert says.
SoFi Launches Crypto-Trading Service
In partnership with Coinbase, SoFi allows users to buy and sell bitcoin, ether, and litecoin.
Pier 1 Shares Plunge as Quarterly Loss Doubles
The struggling retailer is expecting same-store sales and gross margin to start improving in the fourth quarter.
Juul Replaces CEO; Altria-Phillip Morris End Merger Talks
The e-cigarette company is also suspending advertising in the United States after vaping backlash.
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