Lyft hires investment bank Qatalyst Partners: WSJ
(Reuters) – Ride-sharing service Lyft has hired investment bank Qatalyst Partners, the Wall Street Journal reported on Monday, citing people familiar with the matter.
Mayne Pharma nears deal for Teva assets: source
(Reuters) – Australia’s Mayne Pharma Group Ltd on Tuesday said it will acquire U.S. generic products from Teva Pharmaceuticals for $652 million, helping it propel into the top 2 in the general oral contraceptives market in the United States.
Viacom board rejected offer for director to meet Sumner Redstone
NEW YORK/SAN FRANCISCO (Reuters) – Viacom Inc’s board rejected an offer by Sumner Redstone’s attorneys to have one of Viacom’s independent directors meet face-to-face with the 93-year-old media mogul to get an understanding of his views on the media c…
Wall Street sings Brexit blues with brutal two-day slide
(Reuters) – Wall Street tumbled again on Monday after Britain’s shock vote to leave the European Union, sending major U.S. stock indexes to their worst two-day swoon in about 10 months.
Cuban hotel becomes first to operate under U.S. brand
HAVANA (Reuters) – A large “Four Points by Sheraton” sign has gone up outside the Havana hotel that this week becomes the first in Cuba to operate under a U.S. brand since the 1959 revolution.
Two SolarCity board members will consider Tesla deal
LOS ANGELES (Reuters) – Solar panel maker SolarCity Corp said on Monday it has formed a special committee of just two directors to evaluate Tesla Motors Inc’s $2.8 billion takeover offer.
Texas ex-tycoon Wyly ordered to pay $1.1 billion for tax fraud
(Reuters) – A federal bankruptcy judge in Texas on Monday ordered former billionaire Sam Wyly to pay $1.11 billion in back taxes, interest and penalties after finding he committed tax fraud by shielding much of his family’s wealth in offshore trusts.
GE Capital to sell bulk of U.S. restaurant franchise loan portfolio
(Reuters) – General Electric Co said it would sell a bulk of GE Capital’s U.S. restaurant franchise loan portfolio to three regional banks in separate deals as the industrial conglomerate winds down its financing arm to reduce regulatory burden.
Ratings agencies rip into UK’s credit score after Brexit vote
LONDON (Reuters) – Britain suffered further blows to its economic standing on Monday as two top ratings agencies downgraded its sovereign credit score, judging last week’s vote to leave the European Union would hurt its economy.
Moody’s set to cut major UK banks’ credit rating outlooks: Sky News
LONDON (Reuters) – Ratings agency Moody’s will downgrade the credit rating outlook for major British banks to “negative” on Tuesday because of the fallout from the vote to leave the European Union, Sky News reported, citing sources.
