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Carvana Soars On Debt-Restructuring Deal, Launches Stock Offering
Carvana shares surged Wednesday after the used-car retailer said that it had reached a bond-swap deal to reduce its debt by $1.2 billion and launched
Warburg Pincus Names Jeffrey Perlman President
The 40-year-old will take over from Timothy Geithner, who will become chairman of the private-equity firm. Source link
Microsoft, Activision Blizzard Extend $75 Billion Merger Deadline
The extension, until mid-October, allows the companies to continue with efforts to gain regulatory approval in the U.K. Source link
U.K. Clinches $5 Billion EV-Battery Plant as Race for Green Investments Heats Up
The move by the owner of Jaguar Land Rover throws a lifeline to Britain’s industry, which has a patchy record in the global race to
Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
The bank also took impairments related to real-estate investments, much of it tied to office properties. Source link
Governments in China are Propping Up Hong Kong's Ailing IPO Market
Municipalities and state-backed investors that want to drum up more economic activity are buying shares in companies going public. Source link
Goldman Sachs Profit Falls 58% on Consumer-Lending Pullback
The bank also took impairments related to real-estate investments, much of it tied to office properties. Source link
Jailed Crypto Tycoon's Company Appoints CEO
Terraform Labs has tapped Chris Amani to run the company as co-founder Do Kwon faces charges of fraud. Source link
Microsoft Shows AI Won't Be a Loss Leader
The software company’s pricing of its Copilot AI tool came in well above projections. Source link