Bitcoin exchange Coinbase seeks new funds at $1 billion valuation: Wall Street Journal
(Reuters) – Bitcoin exchange Coinbase Inc is in talks with potential investors on a new round of funding at a valuation of more than $1 billion, the Wall Street Journal reported on Friday.
Stress test relief tops bank wish list ahead of Trump’s rule review
(Reuters) – As Wall Street awaits President Donald Trump’s vision for financial regulation, big U.S. banks are pushing for a lucrative change his appointees can execute without a legislative fight: easing annual stress tests.
Boeing delays delivery of third 737 MAX jetliner
SEATTLE (Reuters) – Boeing Co said on Friday it had delayed the delivery of its third 737 MAX jetliner, set for next week to Norwegian Air Shuttle , to resolve a technical issue.
Lululemon shares rally on restructuring of girls’ stores
TORONTO (Reuters) – Lululemon Athletica Inc shares rallied as much as 16 percent on Friday as investors responded to better-then-expected quarterly results and news that it would close most of the stores in its girls apparel unit.
Big U.S. companies stay on White House panel despite climate jolt
WASHINGTON (Reuters) – Several major U.S. companies, including Wal-Mart Stores Inc , JP Morgan Chase & Co and IBM Corp , on Friday said their CEOs will remain in an influential presidential advisory group despite objecting to President Donald Trump’s withdrawal from the Paris climate accord.
Blackstone sells Logicor to China Investment Corporation for $14 billion
LONDON (Reuters) – Private equity group Blackstone has agreed to sell European warehouse firm Logicor to China Investment Corporation [CIC.UL] (CIC) for 12.25 billion euros ($13.8 billion), cementing China’s position as a player in European private eq…
Buffalo Wild Wings CEO to retire as activist Marcato wins board seats
NEW YORK (Reuters) – Buffalo Wild Wings Inc Chief Executive Officer Sally Smith said she will retire by the end of the year after an activist hedge fund won a bitter proxy contest that put three of its directors on the chicken-wing restaurant’s board….
Alibaba’s Jack Ma invited to join bid for L’Oreal’s The Body Shop: sources
LONDON (Reuters) – European private equity firm Investindustrial has invited the investment vehicle of Alibaba’s founder Jack Ma to join a consortium offering to buy L’Oreal’s The Body Shop for more than 800 million euros ($900 million), sources fami…
Akzo responds to PPG approach after takeover battle ends
AMSTERDAM (Reuters) – Akzo Nobel, the Dutch paint maker that rejected a 26.3 billion-euro ($29.6 billion) takeover proposal from U.S. rival PPG Industries , has sent PPG a letter shortly after its suitor walked away, detailing its objections to doing a…
Lawsuit accusing Whole Foods of overcharging is revived: U.S. appeals court
NEW YORK (Reuters) – A federal appeals court on Friday ordered Whole Foods Market Inc to face a proposed class-action lawsuit accusing it of overcharging shoppers in New York City by overstating the weight of pre-packaged food in its supermarkets.
