By Milana Vinn, David French and Akash Sriram(Reuters) -Global Payments has agreed to buy rival Worldpay from FIS and private equity firm GTCR for $24.25 billion in a three-way deal, sharpening its focus on merchant services in its race for big-business clients in a crowded payments market.As part of the deal announced on Thursday, Global Payments (NYSE:GPN) will sell its issuer solutions unit, ...
Investing.com -- Bausch Health Companies Inc (NYSE:BHC) stock closed up 13.3% following a favorable court decision. The U.S. District Court for the District of Columbia ruled in favor of the company in a lawsuit involving its gastroenterology business, Salix Pharmaceuticals, Inc., against Norwich Pharmaceuticals, Inc.The court denied Norwich’s motion for a preliminary injunction treated as a mot ...
By Jonathan Stempel(Reuters) - Tesla (NASDAQ:TSLA) faces a proposed class action claiming it speeds up odometers on its electric vehicles so they fall out of warranty faster, saving Elon Musk’s company from having to pay for repairs.The plaintiff Nyree Hinton alleged that Tesla odometer readings reflect energy consumption, driver behavior and "predictive algorithms" rather than actual mileage dr ...
By Karen Freifeld(Reuters) - JPMorgan Chase & Co (NYSE:JPM) and Bank of America should withdraw from working on the initial public offering of Chinese electric vehicle battery giant CATL, a Republican lawmaker said on Thursday.John Moolenaar, who chairs the House Select Committee on China, said he sent letters to JPMorgan CEO Jamie Dimon and Bank of America CEO Brian Moynihan, urging them to p ...