Global Payments Inc. and Total System Services Inc. agreed to combine in an all-stock transaction valued at roughly $21.5 billion, the latest in a string of deals involving large financial technology firms. Under the agreement, shareholders of Total System Services, which is known as TSYS, will receive 0.8101 of Global Payments shares for each of TSYS’s stock, which equates to about $119.86 apiece. This represents a 5.7% premium from TSYS’s closing price on Friday. ...

Carlyle Group LP posted a stronger profit in the latest quarter as the private-equity firm recorded gains in investment income and fees. Carlyle reported net income in the first quarter of $142.9 million, or $1.18 a share, compared with $39.7 million, or 30 cents a share, a year earlier. Distributable earnings, or the amount of Carlyle’s...

More Net Element's stock rose as much as 300% on Tuesday following news it was launching a business unit focused on blockchain technology. The company said it was partnering with blockchain and crypto expert Bunker Capital. Net Element is the latest company to see its market cap rise following a pivot to cryptocurrencies or blockchain. Shares of Net Element soared more than 300% on Wednesday after announcing the launch of a new blockchain-focused business unit. They have since pulled back and...