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Groupon surges on report it is looking for a buyer

Bloomberg Groupon Inc. surged in premarket trading after a report that the discount-slinging website is actively seeking a buyer. The merchandise and voucher vendor has approached several public companies in recent weeks to try to drum up interest in a sale, Recode reported, citing two people it said were briefed on the effort and without identifying the companies involved. Chicago-based ...

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Brexit resignations create new uncertainty for UK business

Bloomberg Just as Prime Minister Theresa May softened her plan for leaving the European Union — a move that companies welcomed — the resignation of the UK’s top Brexit officials creates new uncertainty for business. Carolyn Fairbairn, the director-general of the Confederation of British Industry, called the weekend resignations of Brexit Secretary David Davis and his deputy, Steve Baker, a ...

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Disney in $870mn NYC deal at Hudson Square

Bloomberg Walt Disney Co. agreed to sell its offices on the Upper West Side of Manhattan and purchase rights to another site, which will become the entertainment giant’s new New York campus. The company is selling its West 66th Street location and related buildings for $1.15 billion to Silverstein Properties Inc. and is acquiring 99-year rights for land at 4 ...

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