Noor Zainab Hussain

Exclusive: Uber investor Lead Edge Capital raises $150 million for public equity fund

10:05am EDT

Lead Edge Capital, which has backed Uber Technologies Inc and Alibaba Group, has raised $150 million through a new fund to invest in publicly listed software and internet companies, the venture said on Wednesday.

TPG-backed LifeStance Health valued at more than $7 billion in U.S. IPO

Jun 10 2021

LifeStance Health Group Inc's shares jumped over 11% in their Nasdaq debut on Thursday, giving the therapy provider a market value of nearly $7.5 billion and underscoring demand for mental health services during the COVID-19 pandemic.

Aon to sell assets for $1.4 billion to get U.S. nod for mega merger

Jun 03 2021

Insurance broker Aon said it will sell some assets to private equity firm Aquiline Capital Partners and tech firm Alight for $1.4 billion, in a bid to get U.S. Department of Justice approval for its merger with Willis Towers Watson.

Citi picks Goldman partner for healthcare and consumer M&A 'super group'

Jun 02 2021

(Reuters) -Citigroup has poached a Goldman Sachs partner to launch a new M&A advisory franchise in New York focusing on global healthcare, consumer and wellness as it seeks to increase its presence in key industries, according to a memo seen by Reuters.

Old National, First Midwest to merge in $6.5 billion deal

Jun 01 2021

Old National Bancorp and First Midwest Bancorp Inc have agreed to merge in an all-stock deal valued at about $6.5 billion, creating a lender with $45 billion in assets.

Canada's National Bank beats profit forecasts with lower provisions, lending growth

May 28 2021

(Reuters) -National Bank of Canada beat analysts' second-quarter profit estimates on Friday, driven by higher earnings in its personal and commercial business and a large drop in funds set aside to cover potential loan losses.

Canadian banks top profit estimates as lower provisions outweigh FX hit

May 27 2021

By Nichola Saminather, Noor Zainab Hussain and Niket Nishant

Oatly shares surge in U.S. market debut, valuing oatmilk maker at $13 billion

May 20 2021

(Reuters) -Shares of Oprah Winfrey-backed Oatly Group AB jumped 30% in their market debut on Thursday, valuing the Swedish oatmilk maker at about $13 billion, as demand for plant-based food products surges globally. | Video

Bank of America to raise U.S. minimum hourly wage to $25 by 2025

May 18 2021

(Reuters) -Bank of America plans to raise its minimum wage for U.S. workers to $25 an hour by 2025, the latest among major firms promising to pay employees more after a year of pandemic risks and government subsidies that fueled conversations on whether companies pay their workers enough.

Mass shooting insurance in high demand as U.S. emerges from lockdown

May 13 2021

As normality filters back into American lives after a year of lockdowns, hospitals and other institutions are busy making provisions for one aspect of that old normal they would rather consign to the past - mass shootings.

World News

Biden pointedly asks Putin about cyberattacks at summit

GENEVA (Reuters) -U.S. President Joe Biden asked Russian President Vladimir Putin on Wednesday how he would feel if someone carried out a ransomware attack on Russian oil pipelines, a pointed question during their summit that illustrated the breadth of their disagreements.