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First American Corporation (The) latest news:
7 weeks later, 'Jumanji' is no. 1 at box office
Seven weeks after first opening in theaters, "Jumanji: Welcome to the Jungle" rose again to the top spot at the North American box office on a sluggish Super Bowl weekend.
Airbnb adds Chenault, pledges next hire for all-male board will be a woman
Outgoing American Express CEO is the first African-American to join the five-member, all-male board, which is promising to name a woman next.
MoneyGram, Alibaba unit merger killed off
MoneyGram International Inc. shares fell more than 8% late Tuesday after the Texas-based money transfer company and Ant Financial Services group, an affiliate of China-based Alibaba Group Holding Ltd. , said they have agreed to end their merger agreement after months of wrangling with the U.S. government. The companies couldn't obtain approval from the Committee on Foreign Investment, MoneyGram said in a statement. They plan to work together "on new strategic initiatives" around remittances and digital payments in Asian markets after the deal didn't materialize, they said. "Despite our best efforts to work cooperatively with the U.S. government, it has now become clear that CFIUS will not approve this merger. We are disappointed in the termination of this compelling transaction, which would have created significant value for our stakeholders," MoneyGram Chief Executive Alex Holmes said in the statement. Ant Financial in April upped the deal to buy MoneyGram to $18 a share, after a competitor came in with an unsolicited offer in the increasingly politicized takeover battle. The potential deal was first announced in January 2016. American depositary shares of Alibaba were flat late Tuesday, after ending the regular session up 6.5%. MoneyGram stock ended Tuesday's trading 1% higher.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
San Francisco Mayor Ed Lee dies at 65 - mayor's office
San Francisco Mayor Ed Lee, a champion for the technology sector and former civil rights attorney who sued the city on behalf of tenants and would go on to lead as its first Chinese American mayor, died early on Tuesday, officials said. Lee, 65, died of a heart attack, the San Francisco Examiner said.
UPDATE 5-San Francisco Mayor Ed Lee dies at 65 - mayor's office
SAN FRANCISCO, Dec 12 (Reuters) - San Francisco Mayor Ed
Lee, a champion for the technology sector and former civil
rights attorney who sued the city on behalf of tenants and would
go on to lead as its first Chinese American mayor, died early on
Tuesday, officials said.
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