Salesforce, Slack asked to provide additional information by DOJ’s antitrust unit

Salesforce.com Inc and Slack Technologies Inc have received requests for additional information from the antitrust division of the U.S. Department of Justice related to their $27.7 billion merger, regulatory filings showed on Tuesday. The two companies were also asked to provide documentary material, the filings here showed. On Dec. 1, cloud computing company Salesforce.com agreed […]

Continue Reading

Chinese drone maker’s stock plunges as short-seller takes aim

Drone manufacturer EHang Holdings Ltd’s shares plunged on Tuesday after an investment research firm said it had shorted the stock and questioned the accuracy of what the Chinese company has said about its business. Guangzhou, China-based EHang’s shares closed 62.7% lower at $46.30 on Nasdaq. Wolfpack Research, which specializes in short-selling, or betting that shares […]

Continue Reading

U.S. SEC sues Morningstar over ratings of commercial mortgage-backed securities

The U.S. Securities and Exchange Commission (SEC) on Tuesday sued Morningstar Credit Ratings LLC for allegedly violating U.S. securities laws in its ratings of commercial mortgage-backed securities, the regulator said in a statement. Morningstar’s credit ratings business allegedly violated disclosure and internal controls requirements in 30 commercial mortgage-backed securities transactions from 2015 to 2016 when […]

Continue Reading