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Domino's Pizza shares surged 10% on Wednesday after the pizza chain said customers can start using Uber's Uber Eats and Postmates apps for orders, as it tries to jolt its sluggish delivery business. ....
Australians are a sports-mad lot. So it’s fitting that one of the country’s most hotly contested deals involving overseas private equity firms is for Rugby Australia. CVC Capital Partners and Silver Lake are just two of the seven players, reports the Australian Financial Review, trying out to join the ownership team of the game’s national governing body. It’s an unusually competitive battle in a slow year for financial sponsors. It’s also a teaser for the deal fest buyout shops are gearing up for Down Under. ....
Egypt has signed contracts to sell stakes in state assets worth a total of $1.9 billion as part of a programme to boost the private sector and raise scarce hard currency, Prime Minister Mostafa Madbouly said on Tuesday. ....
Sergio Ermotti faces the daunting task of integrating two globally systemic banks. The returning UBS boss’s first big decision, though, has a more domestic focus. The Swiss bank is under pressure to offload Credit Suisse’s local business to ease a political backlash in its home market. By avoiding immediate layoffs, and arguing that the division might not be viable on its own, he might be able to get away with keeping it. ....
JetBlue Airways , seeking to protect a planned $3.8 billion purchase of Spirit Airlines , said on Wednesday it would follow a U.S. judge's May order that it end an alliance with American Airlines . ....