U.S. Lawsuit Links $2.2 Billion Deal to Malaysian 1MDB Scandal
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U.S. authorities are investigating the $2.2 billion purchase of a U.S. energy company by a Middle Eastern government investment fund that was arranged by Goldman Sachs and netted one investor a $300 million windfall in less than a week, according to a government lawsuit and people familiar with the investigation.
Electric-Bus Maker Proterra Raises $55 Million With Eye Toward IPO
Proterra, the electric-bus maker heading toward a possible initial public offering, has raised an additional $55 million in funding from investors including BMW AG's venture-capital arm and Al Gore's investment fund.
GE's Next CEO to Get $5 Million in Target Pay but No Special Stock Award
General Electric Co.'s leadership reshuffle left the company's new chief with target annual pay of $5 million and a runner-up for the job with a shot at more than $7 million in GE shares if he sticks around for five years.
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J.Crew Tries to Ease Debt Load as Sales Decline Continues
J.Crew announced a move it hopes will ease its heavy debt load and give it more time to right its business, as the embattled retailer also reported its 11th consecutive quarter of same-store sales declines.
J.P. Morgan Removes NBC News Ads Over Megyn Kelly Interview With Alex Jones
NBC anchor Megyn Kelly's plan to air an interview with right-wing provocateur Alex Jones has caused a firestorm to erupt on social media, but so far advertisers have remained quiet-with at least one notable exception.
Change at GE Likely to Head Off Fight With Trian
The departure of General Electric CEO Jeff Immelt should reduce the tensions that have been brewing with activist investor Trian Fund Management.
Warehouse Startup ShipBob Raises $17.5 Million Amid Expansion Push
Warehouse startup ShipBob raised $17.5 million in a funding round led by Bain Capital Ventures, which will allow the company to open e-commerce distribution centers in more cities, the company said Tuesday.
When a Bank Sells for One Euro, Who Gets the Euro?
It's costing Banco Santander billions to take control of rival Banco Popular, but the auction price for the failing Spanish bank's equity was just one euro. So who did Santander pay? Step forward, Spain's banking regulator.
Xbox One X Console Won't Support Virtual Reality
Microsoft's new Xbox One X console won't support virtual reality, once considered one of the hottest bets in gaming.
Online Lender SoFi Takes Step Toward Becoming a Bank
Online lender Social Finance Inc. has asked federal officials to grant the company a banking license, one of the most advanced efforts by a financial-technology startup to obtain the power to offer bank products and services in exchange for stricter regulation.
(END) Dow Jones Newswires
June 13, 2017 09:15 ET (13:15 GMT)