Social Finance Inc, or SoFi, said on Tuesday it would buy community bank Golden Pacific Bancorp for about 22.3 million in an allcash deal, accelerating the online lenders push to become a national bank. SoFi said it would pay 2.55 for every share of Sacramento, Californiabased Golden Pacific. Separately, SoFi also announced the launch of […]

March 8 Reuters GFG Alliance, a conglomerate owned by the family of British tycoon Sanjeev Gupta, is one of the biggest customers of Greensill Capital, a source familiar with the matter told Reuters. Greensill, which said last week it is in talks to sell large parts of its business, is preparing to file for bankruptcy, […]

Reuters DuPont said on Monday it would buy Laird Performance Materials for 2.3 billion from private equity firm Advent International, as it looks to expand its portfolio of advanced electronic materials. Electronics materials have been a growth area for DuPont as key markets including smart or autonomous vehicles, fifth generation telecommunications, artificial intelligence, internet of […]

Shares of Apple closed up 5.39 on Monday to a price of 127.79, outpacing the NASDAQ, which was only up 3.01 percent. It was Apples biggest day since Oct. 12, when shares rose 6.35. The bump came after Berkshire Hathaway chairman and CEO Warren Buffett said in his annual letter to investors published this weekend […]

LONDON, March 3 Reuters Prudentials operating profit rose 4 in 2020, Britains largest insurer said on Wednesday, driven by strength in its main Asian business, as it prepares to split off its U.S. operations. Overall adjusted operating profit from continuing operations came in at 5.5 billion, while Asia adjusted operating profit jumped 13 to 3.7 […]

Walmartowned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an ecommerce market that has grown rapidly during the COVID19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next […]

Nippon Steel, the worlds No.3 steelmaker, will boost research and development RD spending to speed decarbonisation in steelmaking as it faces growing pressure to cut carbon emissions to help tackle climate change, a company executive said. We will input considerable resource into RD on decarbonisation technology, Executive Vice President Katsuhiro Miyamoto told Reuters in an […]

Beyond Meat Inc said on Monday Chief Financial Officer Mark Nelson, who played a key role in the plantbased patty makers blockbuster public listing in 2019, will retire in May. The retirement was voluntary and not a result of any disagreement or on any matter relating to its operations, policies or practices, the company said. […]

In October 2020, Miamibased art collector Pablo RodriguezFraile spent almost 67,000 on a 10second video artwork that he could have watched for free online. Last week, he sold it for 6.6 million. The video by digital artist Beeple, whose real name is Mike Winkelmann, was authenticated by blockchain, which serves as a digital signature to […]

Danone said on Thursday 2021 would be a year of recovery with a return to profitable growth in the second half following a tough first quarter and after the coronavirus crisis hit the French food groups 2020 sales and profits. Chairman and Chief Executive Emmanuel Faber, who is under growing pressure as activist shareholders push […]