Tag: Investment management
Toshiba brushes off renewed push from CVC on acquisition bid
TOKYO — Toshiba Corp. on Tuesday brushed off a fresh missive from CVC Partners about the global fund’s proposal to acquire the Japanese manufacturer,...
EXPLAINER: Charmed by Madoff, SEC later tightened its rules
WASHINGTON — Until Bernie Madoff’s scheme came crashing down and the biggest Ponzi scheme in Wall Street’s history came to light, he appeared as...
How billionaire is using financial muscle for racial equity
Inspired by the racial justice protests of 2020, Jahm Najafi is ready to shed his normally low profile to make some headlines for his...
Japan’s Toshiba studies acquisition proposal by global fund
TOKYO — Trading in Toshiba stock was halted Wednesday after the Tokyo-based technology conglomerate confirmed it had received a preliminary acquisition proposal.
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Credit Suisse foresees $4.7B charge over hedge fund default
GENEVA — Swiss bank Credit Suisse on Tuesday announced the departure of two top executives and said it expects a one-time charge of 4.4...
Biden’s top aides unlikely to qualify for relief payments
WASHINGTON — At least one group in America is unlikely to get any money from President Joe Biden’s $1.9 trillion economic rescue plan —...
6 Nations reach 5-year, $508M investment lifeline with CVC
LONDON — Six Nations Rugby confirmed a 365 million pound ($508 million) injection of much-needed cash from private equity firm CVC Capital Partners on...
Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
Germany’s Birkenstock selling majority stake to investors
BERLIN — Germany's Birkenstock, known for its upmarket sandals, said Friday it is selling a majority stake to private equity firm L Catteron and...
AT&T spinning off DirecTV after losing millions of customers
AT&T is spinning off its DirecTV into a new company for a fraction of the $48.5 billion it paid for the satellite TV service...