Tesla acquisition target SolarCity raises $345 million to fund projects
(Reuters) – SolarCity Corp , which received a takeover bid from Elon Musk’s Tesla Motors in June, said it has raised $345 million in tax equity and also increased its debt facility by $110 million to $760 million.
Dollar up on failed Turkey coup; SoftBank’s ARM bid boosts shares
LONDON (Reuters) – The dollar strengthened against the yen on Monday as investors unwound safety trades after a failed coup in Turkey, while SoftBank Group’s $32 billion deal to buy British chip designer ARM Holdings lifted European equities.
Rate-starved U.S. banks happily gobble mortgage business
NEW YORK (Reuters) – Just as mortgage bankers were preparing for the end of a historic boom driven by low interest rates, borrowers have begun knocking at their doors again.
Elliott sues Bank of East Asia over share sales, escalating dispute
HONG KONG (Reuters) – Activist investor Elliott Management Corp has begun new legal proceedings against Bank of East Asia (BEA) over a share placement, escalating a long-running dispute between the New York-based hedge fund and the tycoon-owned Hong K…
Exclusive: U.S. and Chinese labor groups collaborated before China Wal-Mart strikes
CHICAGO (Reuters) – OUR Walmart, the American worker group, has taken the unusual step of collaborating with a group of Chinese Wal-Mart workers trying to fight work schedule changes and low wages.
Ericsson defends practices as report questions revenue accounting
STOCKHOLM (Reuters) – Swedish telecom equipment maker Ericsson defended its accounting practices after a newspaper questioned the way it booked future sales which had yet to be invoiced.
North American oil deals trickle back after Brexit shock
NEW YORK (Reuters) – Acquisition-hungry energy companies are back on the prowl.
ExxonMobil launches bidding war for InterOil in PNG gas push
MELBOURNE (Reuters) – ExxonMobil Corp has made a bid worth at least $2.2 billion for InterOil Corp and its stake in a rich Papua New Guinea gasfield, winning the support of its target and topping an offer from Australia’s Oil Search Ltd.
Japanese firms’ succession problem is a boon for private equity dealmakers
TOKYO (Reuters) – Japan’s aging population may be bad for the economy but it is giving dealmakers a break. As more owners of small and medium-sized businesses reach their golden years without grooming a successor, some are turning to private equity fir…
Engulfed by doubt, top UK firms shelve spending plans after EU vote: Deloitte
LONDON (Reuters) – Britain’s biggest companies are beset by doubts about the future after last month’s vote to leave the European Union and have slashed their investment plans, according to a survey on Monday that bodes poorly for the economy.
