October 19, 2018

Stocks see mixed end to volatile week

Stocks fell Friday after an early rally lost steam. A sell-off had shaved thousands of points from the major US indices last week. Watch US stocks trade in real time here. Capping a volatile week on Wall Street, stocks pared...
October 19, 2018

$2.5 billion Sequoia-backed Utah startup which promises to make ‘brands into religions’ just filed to go public

Qualtrics, a Utah-based startup, filed to go public on Friday. The startup, which is backed by venture capital firms Sequoia and Accel, was last valued at $2.5 billion. The IPO is being led by Morgan Stanley and Goldman Sachs...
October 19, 2018

Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources

Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.
October 19, 2018

U.S. landlords copy hotel model to cut risk as coworking surges

Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers.
October 19, 2018

SEC investigates Honeywell for asbetos-related accounting

Honeywell International Inc said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities.
October 19, 2018

‘You are messing with the wrong guy’: The CEO of an American mining company eviscerates Goldman Sachs analyst and short sellers on earnings call (CLF)

Cleveland-Cliffs CEO Lourenco Goncalves took time out of his company's third-quarter earnings call to attack a Goldman Sachs analyst and short sellers. It's not the first time Goncalves had a contentious moment with...
October 19, 2018

A competitor is emerging to challenge the marijuana retail chain dominating the industry, and it just closed a $640 million acquisition

iAnthus, a publicly-traded firm that operates marijuana dispensaries in a number of US states, acquired Toronto-based MPX Bioceutical in a $640 million stock transaction. The acquisition nearly doubles the firm's footprint as...
October 19, 2018

AbbVie CFO Chase to retire by mid-year 2019

AbbVie Inc said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role.
October 19, 2018

JPMorgan to build Silicon Valley fintech office

JPMorgan Chase & Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments.
October 19, 2018

Canada gives Lockheed Martin first chance to bid on warships design

The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).