Microsoft to buy Nuance for $16 billion to focus on health care tech
Microsoft said that it would buy Nuance Communications, a provider of artificial-intelligence and speech-recognition software, for about $16 billion, as it pushes to expand its...
Hedge fund seeks full control of Tribune Publishing, a major news chain
In the latest sign of the finance industry’s tightening grip on the local news business, Alden Global Capital has moved a significant step closer toward...
Robinhood pays $65 million to settle charges of misleading customers
The same practices that drove Robinhood’s success are increasingly leading to fines, complaints and scrutiny from state and federal regulators.
TikTok deal at risk over whether U.S. or China will control the app
A deal intended to address the Trump administration’s concerns about TikTok’s ties to China was complicated by a disagreement over whether a U.S. company would...
Citigroup’s Jane Fraser to be first woman to lead a big Wall Street bank
Jane Fraser, head of Citigroup's global consumer banking division, will succeed Michael Corbat as the bank’s next chief executive. Fraser will be the first woman...
J. Crew files for bankruptcy in coronavirus pandemic’s first big retail casualty
J. Crew announced that its parent company, Chinos Holdings, had filed for Chapter 11 protection in U.S. Bankruptcy Court.
Intuit to buy Credit Karma to create financial data giant
The $7.1 billion transaction underscores the value of the financial details of ordinary Americans.
Michael Bloomberg leans left with plan to rein in Wall Street
The ambitious financial policy plan includes taxing financial transactions and toughening restrictions on risky banking practices. Some of the billionaire’s proposals wouldn’t be out of...
The biggest IPO ever? Saudi state-owned oil giant Aramco is going public
LONDON — Saudi Arabia’s giant state-owned oil producer, Saudi Arabian Oil Co., announced plans Sunday to go public in what could be the largest initial...
WeWork, rejected by Wall Street, accepts lifeline from SoftBank
In addition to the takeover offer from SoftBank, WeWork’s board had also been considering a $5 billion debt financing offer from JPMorgan Chase.