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Markets News Headlines

Bitcoin soars to record high above $6,000

Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.

LPC: Cloud services company Fusion courts banks for Birch merger financing

US cloud communications services company Fusion Telecommunications is in the process of selecting banks to arrange financing for its acquisition of Birch Communications’ cloud and business services unit, after inking a merger agreement with the US telecommunications company in August without committed financing in place, according to two sources familiar with the matter.