SABMiller Said to Have Rejected Informal Offer From AB InBev (Bloomberg)
SABMiller Plc rejected an informal takeover offer from Anheuser-Busch InBev NV of about 66.4 billion pounds ($100 billion) that it considered too low, according to people familiar with the matter.
DraftKings employee may have used insider information to net $350K on FanDuel (NYP)
An early release of lineup information in a DraftKings contest is raising questions about the transparency of the burgeoning daily fantasy industry. Users in online forums are asking whether a DraftKings employee might have used information about lineups to win $350,000 in a competing contest on the FanDuel site. The information detailed the percentages of entrants who selected certain fantasy player
IMF Downgrades Global Economic Outlook Again (Reuters)
The IMF cut its forecast for emerging markets to 4% this year, down 0.2 percentage point from its last update in July. That marks the fifth consecutive year of declining growth and a level nearly half the rate the IMF recorded six years ago.
Pure Storage IPO to Serve as Tech Market Bellwether (WSJ)
The debut of flash-storage company Pure Storage Inc., if successful, would send a signal that a difficult summer for tech IPOs was an outlier, and that investors will still put money to work when highly anticipated companies debut.
NYC Pizza Rat Is Now A Sexy Halloween Costume (HP)
The NYC rat who captured our hearts when he captured that giant slice of pizza is now a sexy Halloween costume.
Glencore Reveals Financing Deals to Fend Off Critics (WSJ)
The report, which it said largely contains previously disclosed information, comes at a time that Glencore has fallen under scrutiny for the nearly $30 billion in debt it carries on its balance sheet. Investors are concerned that a sharp decline in commodity prices, combined with the Swiss miner’s high debt load, could result in a credit-rating downgrade, boosting costs for its debt-fueled trading division.
Blythe Masters Says Forget Bitcoin, Embrace the Blockchain (Bloomberg)
Masters is interested in the blockchain, the technology underlying bitcoin, which is at the center of much hype as well as promise for transforming Wall Street trading. Blockchain technology, a shared, cryptographically secure ledger of transactions, could save major financial institutions billions of dollars on the cost of settling trades and other financial transactions, while improving efficiency and reducing errors.
VW to Delay, Cancel Non-Essential Investments Due to Scandal (Bloomberg)
Volkswagen AG Chief Executive Officer Matthias Mueller said the company will delay or cancel non-essential projects as pressure mounts to slash spending in the wake of the diesel-emissions scandal.
Canada politician mistakes Bank of England governor for actor (Reuters)
One of the world's most famous central bank chiefs, Bank of England Governor Mark Carney, briefly became the late American actor Art Carney during a Canadian election debate on Friday. Gilles Duceppe, leader of the separatist Bloc Quebecois party, referred twice to "Art Carney" alluding to corporations sitting on cash piles. It took Liberal leader Justin Trudeau to let him know he must have been speaking about Mark Carney, who used to head the Bank of Canada and now is at the Bank of England. Art Carney co-starred with Jackie Gleason in the comedy "The Honeymooners."