Companies with speculative-grade credit ratings are on pace to borrow the least cash in debt markets since 2008.
Junk-rated companies have raised just $3.7 billion this month, according to PitchBook LCD. That number would represent the slowest October since 2008’s $2.2 billion.
Such firms have b
Farallon has nominated three directors to the board of Exelixis, which develops cancer-fighting drugs.
Beijing is holding back its required green light for mergers that involve American companies as a technology war with Washington intensifies.
All those tech layoffs are starting to show up in employment statistics, but they still show little sign of spreading to other sectors.
