Bloomberg Slack Technologies Inc. is raising about $250 million in a funding round co-led by SoftBank Group Corp., according to people familiar with the matter, as the Japanese investment firm helps drive a new venture capital boom. Investors in the round are expected to value the San Francisco-based company, which sells software for workers to communicate with their colleagues, at ...

Bloomberg Facebook Inc.’s investors are salivating over the revenue potential for the company’s chat businesses, Messenger and WhatsApp, after CEO Mark Zuckerberg said he’d like to move “a little faster” to make money from them. The company has warned that sales growth, fueled primarily by mobile advertising, will slow because it can’t keep loading ads into users’ news feeds on ...

Bloomberg Wells Fargo & Co., the lender struggling to overcome a fake-accounts scandal in its community bank, said the division’s new leader is cutting about 70 senior executive jobs. The lender will reduce the number of regional and area presidents to 91, Mary Mack, head of the retail bank, said Friday in a memo to staff, a copy of which ...