October 2017

Franklin Resources Inc., one of Puerto Rico’s largest creditors, sold hundreds of millions of dollars of the island’s bonds in recent days, part of an exodus of investors hurt by accelerating losses in the wake of recent hurricanes.A swath of mutual funds and hedge funds that held on to a portion of Puerto Rico’s roughly $70 billion of bonds even…

Brainly, a Poland-based peer-to-peer (P2P) social learning platform, has raised another $14 million in funding, closing its series B round at $29 million.It…

PAI Partners and British Columbia Investment Management Corp. agreed to buy Dutch soft-drink bottler Refresco Group NV for 1.6 billion euros ($1.9 billion)…

LONDON — Goldman Sachs has invested £100 million in a fintech startup founded by two of its former bankers that lets people borrow money and repay through their salaries.Neyber, founded in 2014 and launched in 2015, partners with employers to let their staff borrow money at attractive rates.Ijaha and his cofounders — Monica Kalia, 44, another…

"I don't want to put my capital into the same old dumb apps that don't do anything in the world," said SheEO founder Vicki Saunders.The goal is to get to a $1…

Shift Technology is raising a Series B round of $28 million from Accel and General Catalyst.Shift Technology has now processed more than 100 million claims and…

Turkish Airlines said it intends to purchase 40 of Boeing Co.’s 787-9 Dreamliners, a long-awaited deal that signals the carrier’s rebound following a terrorist attack on its Istanbul hub last year.When finalized, the order would be valued at almost $11 billion before the customary discounts for large aircraft purchases.The pact, unveiled during a…

LONDON — Foreign exchange startup Revolut is expanding rapidly, signing up 16,000 companies to its business accounts in just four months.Storonsky said Revolut…

Networking giant Cisco has announced plans to pay out $1.9 billion to acquire Broadsoft, a Maryland-based cloud communications company that creates software…

ContourGlobal LP is planning an initial public offering that could raise as much as $1 billion, according to people familiar with the matter, amid a wave of investor interest in renewable energy companies.The firm has selected JPMorgan Chase Co. and Goldman Sachs Group Inc. to work on a potential listing...No final decisions have been made and the…