Finance

Payhawk, a $1 billion corporate card startup, plans M&A shopping spree after 86% sales growth

AMSTERDAM — Corporate payments startup Payhawk told CNBC it is planning mergers and acquisitions to grow its footprint in the corporate spend…

Sternlicht defends gating Starwood REIT withdrawals, hopes it will be a ‘6-month thing’ as rates fall

Barry Sternlicht, Starwood Capital Group chairman and CEO, defended his decision to cap how much money investors could pull from…

Alphabet taps Eli Lilly’s Anat Ashkenazi as new CFO

Eli Lilly Chief Financial Officer Anat Ashkenazi will become Alphabet’s new CFO effective July 31, Google’s parent company saidTuesday, almost…

Hanesbrands to sell Champion brand to Authentic Brands in $1.2 billion deal

Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including…

Ron Baron, big Tesla shareholder, supports Elon Musk’s $56 billion pay package

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial…

Goldman-backed Starling says no plans to pursue EU bank license, expansion to come from software

AMSTERDAM — Digital bank Starling will not re-apply for a European Union banking license and instead pursue international expansion through…

Citadel Securities and BlackRock back project to start a national stock exchange in Texas

BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.…