Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
Jonathan Gray, Blackstone Group's day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.
The tax-deadline extension shouldn't hurt full-year revenue, but expectations are still high for an expansion of opportunities.
The Justice Department's antitrust division is asking whether Visa, the largest U.S. card network, has limited merchants' ability to route debit-card transactions over card networks that are often less expensive.
The U.S. bank's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.
Uber Eats, Delivery Hero and DoorDash are all racing to deliver groceries, a notoriously low-margin and competitive business