Investment

SoftBank invests $500 million in digital mortgage lender Better.com

4 days ago   |   By CNBC

SoftBank has invested $500 million in digital mortgage lender Better.com, valuing the company at roughly $6 billion amid a pandemic-induced refinancing frenzy.
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Daily Crunch: KKR invests $500M into Box

Daily Crunch: KKR invests $500M into Box

4 days ago   |   By Tech Crunch

Box gets some financial ammunition against an activist investor, Samsung launches the Galaxy SmartTag+ and we look at the history of CryptoPunks. This is your Daily Crunch for April 8, 2021.
The big story: KKR invests $500M into Box
Private equity firm KKR is making an investment into Box that should help the cloud content management company buy back shares from activist investor Starboard Value, which might otherwise have claimed a majority of board seats and forced a sale.
After the investment, Aaron Levie will remain with Box as its CEO, but independent board member Bethany Mayer will...
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Box's new $500 million investment from KKR is a strong sign that it's not interested in selling itself after all

Box's new $500 million investment from KKR is a strong sign that it's not interested in selling itself after all

4 days ago   |   By Business Insider

Summary List Placement Box on Thursday announced a $500 million investment from private equity firm KKR , in a deal that seems to put an end to speculation that the $3.5 billion enterprise cloud storage company will sell itself - at least, for now.
Under the terms of the investment, which the company says will largely be used to finance share buybacks, KKR's John Park will join Box's board of directors. (Disclosure: KKR is a major shareholder in Axel Springer, Insider's parent company.)
Meanwhile, cofounder CEO Aaron Levie will step down as the board's chairman, to be replaced by...
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Central bank digital currencies do not threaten the existence of...

Central bank digital currencies do not threaten the existence of cryptocurrencies, Morgan Stanley says

Summary List Placement Morgan Stanley said cryptocurrencies will still exist even if central banks issue their own digital currencies. The bank said the uses and appeals of... Read more ...

The Latest: WH: J&J pause won't have 'significant impact'

The Latest: WH: J&J pause won't have 'significant impact'

WASHINGTON - A White House coronavirus adviser says the pause on the Johnson & Johnson vaccine by the FDA and CDC “will not have a significant impact” on the overall... Read more ...

Stocks off to a weak start following pause in J&J vaccine

Stocks off to a weak start following pause in J&J vaccine

Stocks are off to a sluggish start on Wall Street as the market loses more momentum following its rise to records last week. The S&P 500 was wavering between small gains and... Read more ...

Fairfield Inn & Suites Santa Rosa Rohnert Park Opens in California

Fairfield Inn & Suites Santa Rosa Rohnert Park Opens in California

The Fairfield Inn & Suites Santa Rosa Rohnert Park, part of the Marriott International brand of hotels, opened in Sonoma County, California on March 25, 2021. The five-story... Read more ...

Tourism After Lockdown: The Long and Short of Long-haul Travel - STR

Tourism After Lockdown: The Long and Short of Long-haul Travel - STR

Mass COVID-19 vaccination programs are underway across the globe and providing the tourism and hospitality industry a much-needed confidence boost following 12 months or so of... Read more ...

Honeywell International Inc : Price Now Near $228.39; Daily Chart Shows An...

Honeywell International Inc : Price Now Near $228.39; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for HON At the time of this writing, HON 's price is down $-0.28 from the hour prior. This move is a reversal from the hour prior, which saw price move up. If... Read more ...

Nomura to tighten financing for hedge fund clients in the wake of Archegos...

Nomura to tighten financing for hedge fund clients in the wake of Archegos blowup, new report says

Summary List Placement Nomura is reportedly tightening financing for some of its hedge fund clients in the wake of the $20 billion collapse of Archegos Capital . Japan's... Read more ...

Consumer Prices Jumped. Should You Worry? That's Sparking A Heated Debate

Consumer Prices Jumped. Should You Worry? That's Sparking A Heated Debate

Consumer prices jumped last month as businesses struggled to keep pace with booming demand, but the Biden administration and the Federal Reserve say the uptick in inflation is... Read more ...

Leaders of GM, Ford among objectors to voting restrictions

Leaders of GM, Ford among objectors to voting restrictions

LANSING, Mich. - The leaders of three-dozen major Michigan-based companies, including General Motors and Ford, on Tuesday objected to Republican-sponsored election bills that... Read more ...

US investigating possible air bag failures in GM vehicles

US investigating possible air bag failures in GM vehicles

DETROIT Read more ...