CEO Leon Black quits Apollo over Jeffrey Epstein scandal

Wall Street billionaire Leon Black has quit his leadership positions at Apollo Global Management, the investment giant he co-founded. Black's departure comes amid scrutiny over his ties to disgraced financier Jeffrey Epstein, who killed himself while facing federal sex trafficking charges. Apollo co-founder Marc Rowan has taken over as CEO

Canadian Pacific to buy Kansas City Southern for $25B

Railway group, Canadian Pacific, has agreed to buy Kansas City Southern for 25-billion dollars, marking the largest takeover deal so far this year. The transaction values the US freight group at 275-dollars per share, accounting for a 23-percent premium on Friday's closing price. The acquisition will create a 32-thousand kilometre railway network linking the US, Mexico and Canada.

Deliveroo targets valuation of up to $12B in London IPO

Online food delivery start-up, Deliveroo, is seeking a valuation of up to 12 -billion dollars in its planned initial public offering in London. The deal could mark Britain's largest stock market debut since commodities giant Glencore went public nearly a decade ago. The plans come at a time when lockdowns have forced restaurants to close, leading to a surge in online orders.