TUESDAY, APRIL 26, 2016
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TOP STORY
Alibaba Financial Affiliate Raises $4.5 Billion Ant Financial, one of the world's largest electronic-payments companies, received investments from a number of companies backed by the Chinese government.
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DEALBOOK HIGHLIGHTS
Standard Chartered's Pretax Profit Down 59% on 'Challenging' Conditions The bank said that its first-quarter results reflected depressed commodity prices, volatility in China and weak market sentiment.
Atlas Mara Exploring a Bid for Barclays Africa Group The venture backed by Robert E. Diamond Jr., the former Barclays chief executive, is trying to put together an offer with a group of investors.
Sanford Weill and His Wife Donate $185 Million to U.C. San Francisco The gift from the former Citigroup chairman and his wife, Joan, will finance a new neuroscience research center.
Ant Financial's Different Breed of Unicorn A $4.5 billion funding round implies a staggering $60 billion valuation, but Ant Financial's fortunes seem closely tied to Chinese state capitalism.
A Windfall for Chobani Employees: Stakes in the Company The yogurt maker is giving workers shares worth up to 10 percent of the company when it goes public or is sold.
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