Tech's hottest IPOs of the year, including Beyond Meat and Zoom, dropped on Monday, falling more than the broader market.Technologyread more
Sen. Bernie Sanders announced a plan Monday to forgive the country's $1.6 trillion outstanding student loan tab, intensifying the higher education policy debate in the 2020...Personal Financeread more
"We do not seek conflict with Iran or any other country," Trump tells reporters in the Oval Office.Politicsread more
While earnings usually come in substantially ahead of expectations — as much as 4 or 5 percentage points is not unusual — the downward direction in the outlook doesn't speak...Earningsread more
"We missed being the dominant mobile operating system by a very tiny amount. We were distracted during our antitrust trial. We didn't assign the best people to do the work,"...Technologyread more
PatientsLikeMe was bought by UnitedHealth following a review by Trump's Treasury Department, which scrutinized the start-up because it's backed by Chinese cash.Technologyread more
Some traders think the energy rally is about to wane, despite the sector being one of June's big winners.ETF Edgeread more
Stocks with this one feature are poised to crush the market after a rate cut, according to Goldman Sachs.Marketsread more
An Air Canada passenger traveling to Toronto from a weekend in Quebec City found herself stranded alone on the tarmac and in the dark, in what she described as a "nightmare."Airlinesread more
When Victoria's Secret exited the swimsuit business in 2016, it opened the floodgates for start-ups to conquer that market.Retailread more
U.K. online bank Monzo raised $144 million in a fresh round of funding led by the U.S. start-up accelerator Y Combinator.Technologyread more
Data firm IHS Markit said on Monday it will buy smaller rival Ipreo from private-equity funds of Blackstone and Goldman Sachs for $1.86 billion to expand its contracts business and shore up its financial services operations.
IHS, whose diverse set of businesses range from selling data on automotive and technology industries to publishing Jane's Defence Weekly, said the deal will be funded through debt financing from HSBC.
The deal is a windfall for the buyout arm of Blackstone and Goldman Sachs, which acquired Ipreo from KKR in April 2014 for little less than $975 million.
Ipreo's valuation has gained about four times since 2011 when KKR took over Ipreo in a $425 million deal.
The company was created in 2006 when private-equity firm Veronis Suhler Stevenson merged i-Deal and Hemscott, with backing from Citigroup and Bank of America/Merrill Lynch.
Ipreo supports banks, public and private companies raise capital. The deal is expected to close in the second half of 2018, subject to regulatory approvals.
Thomson Reuters, the parent company of Reuters News, competes with Ipreo and IHS Markit in some segments of the financial data business.
Barclays and HSBC are the financial advisers for IHS Markit, which is based in London.