Finance

Lead Editor: Sean McMahon

About This Industry

SmartBrief brings you all the latest news from every corner of the financial services sector. When you need more intel about how market trends and policymakers are going to affect you and your business, SmartBrief has you covered.

Merck to buy Sigma-Aldrich for $17B in cash, eyes huge cost savings

9/22/2014

  • SeattlePI.com

Merck says it has agreed to acquire chemical and equipment maker Sigma-Aldrich Corp. for $17 billion in cash. The German drugmaker says the acquisition of the St. Louis-based chemical company will all… Read More

Congress departs Washington, leaving TRIA unresolved

9/22/2014

  • GlobeSt.com
  • Reuters

Congress has adjourned, leaving the fate of the Terrorism Risk Insurance Act unclear. It will return after the elections in November, leaving only a few weeks for the House of Representatives to pass … Read More

Alibaba's IPO is largest ever in the world

9/22/2014

  • Reuters

Alibaba Group Holding's initial public offering at US$25 billion is officially the largest ever, topping the previous record of US$22.1 billion set by Agricultural Bank of China in 2010. The stock jum… Read More

Wearables startups gain more traction

9/22/2014

  • TechCrunch

Support for wearable technology is exploding among crowdfunding investors. "It seems that consumer interest is highest in the wrist/hand wearable category, specifically with connected watch projects,"… Read More

Mich. governor gets federal lawmakers' support for Detroit flood aid

9/22/2014

  • Detroit Free Press

Damage from last month's flash flooding in the Detroit area has prompted some members of Congress representing Michigan to support Gov. Rick Snyder in pursuing a federal disaster declaration. The even… Read More

Analysis: The divergent paths of auto, mortgage lending

9/22/2014

  • Wall Street Journal (tiered subscription model), The

Lenders are loosening terms for auto loans, but mortgage standards remain tight. Reasons for the divergent paths include fewer losses for auto-loan investors during the financial crisis and the fact t… Read More