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Cloud services company Fusion courts banks for Birch merger financing

US cloud communications services company Fusion Telecommunications is in the process of selecting banks to arrange financing for its acquisition of Birch Communications’ cloud and business services unit, after inking a merger agreement with the US telecommunications company in August without committed financing in place, according to two sources familiar with the matter.

Alphabet's CapitalG leads Lyft's $1 billion funding round

Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc's investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc.

Air Berlin carve-up talks to continue over weekend

Talks over Air Berlin's remaining assets will continue over the weekend, with the goal of presenting a proposal to the insolvent German carrier's creditors on Tuesday, Air Berlin Chief Executive Thomas Winkelmann said.

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Trump tax cut plan gains momentum after U.S. budget vote

WASHINGTON President Donald Trump's tax reform plans won partial support on Friday when Republican U.S. Senator Rand Paul said he was "all in" for massive tax cuts, but the party was still far from united over how to achieve the main item on its domestic agenda. | Video