The $8 billion hedge fund has taken a 9.9 percent stake in Groupon, as the daily deals company’s stock hovers near all-time lows.
Goldman is relying more on technology and reducing expenses as it contends with new regulations and an uncertain market, Goldman’s chief executive, Lloyd C. Blankfein, says.
J.C. Penney reported last week that its sales had fallen 26.1 percent in the most recent quarter, but Ronald B. Johnson, its chief executive, promoted the success of the company’s store renovation plan.
Netflix announced that its board had adopted a shareholder rights plan, or poison pill, just days after the activist investor Carl C. Icahn disclosed he had acquired a 9.98 percent stake.
The Financial Stability Board, a body that coordinates international bank regulations, has come out with its list of “systemically important” big banks. Of the 28 firms on the list, eight are from the United States.
Economies south of the Sahara are poised to experience a boost in economic growth between now and 2020. This builds on the real GDP growth of 6.5% between 2004 and 2008.
The merger, formally announced on Wednesday, signals a renewed phase of jockeying among cellphone service providers as they race to draw in more smartphone users and upgrade to the latest high-speed data networks.
A Q.&A. with Jason Kelly, author of “The New Tycoons: Inside the Trillion Dollar Private Equity Industry That Owns Everything.”
Welcome to the Occupation:
“You are mad and educated
Primitive and wild
Welcome to the occupation
Here we stand and here we fight”
Daikin Industries has struck an agreement to buy Goodman Global for about $3.7 billion, a person briefed on the matter said on Tuesday, clinching the Japanese air-conditioner maker’s long quest to buy its American rival.