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Ride-hailing startup Lyft has hired Qatalyst Partners, the boutique investment bank best known for helping tech companies find a buyer, according to people familiar with the matter.
Rolls-Royce said currency movements will provide less of a boost to its performance this year than previously forecast though the British engine maker is yet to take into account the slump in the British currency after the U.K.’s decision to leave the EU.
Mikhail Gutseriev won big when he locked in high oil prices with a smart hedge and now hopes to expand his budding business empire with an initial public offering of his Russneft, Russia’s seventh-largest oil firm.
Retailers are trying to figure out ways to profitably serve online shoppers while making their network of stores less of a financial burden. Home Depot, for example, is targeting sales growth of nearly 15% by 2018, but wants to keep inventory levels flat or slightly down.
Fallout from Britain’s vote to break with the European Union cascaded through the boardrooms of the U.K.’s biggest businesses Monday—triggering profit warnings and forcing executives across Europe to rethink investment and hiring plans.
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