WeWork Inc. Chief Executive Officer and Chairman Sandeep Mathrani is stepping down to take a job at Sycamore Partners, bringing fresh upheaval to a former high-flier in the midst of a restructuring effort.
Activist investor Legion Partners Asset Management is urging billboard operator Clear Channel Outdoor Holdings Inc. to accelerate asset sales and consider selling the entire company to boost its stock price.
The Federal Trade Commission sued to block Amgen Inc.’s $27.8 billion deal to buy Horizon Therapeutics Plc Tuesday, arguing the tie-up would stifle competition for the development of treatments for serious illnesses.
Pfizer Inc. sold $31 billion of debt in the fourth-largest US bond sale ever, according to a person with knowledge of the matter.
Western Alliance Bancorporation gained 8% post-market after the bank said deposits had increased by more than $2 billion since the quarter’s end, about $200 million higher than last week’s update.
The Sohn Hong Kong Investment Leaders Conference will take place in person on Wednesday for the first time since 2019, after the city exited three years of stringent Covid restrictions.
The Federal Deposit Insurance Corp. will sell New York Community Bancorp Inc. shares it acquired as part of the lender’s purchase of Signature Bank from the regulator in March.
The stock market got hit in the final minutes of US trading on concern that Washington lawmakers are struggling to find common ground to hammer out a debt-ceiling deal and prevent a historic default.
Lyft Inc. named Charles Schwab executive Erin Brewer as its new chief financial officer, the latest C-suite shake-up at the struggling ride-hailing company.
Tesla Inc. shareholders elected former company executive JB Straubel to the automaker’s board of directors, despite a proxy adviser’s assertion that he hasn’t been gone long enough to be considered independent.
