Tag: Investment management
Gap to sell Intermix clothing chain to private equity firm.
NEW YORK — Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners.
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New Deal: Colorado-national consortium buys community papers
DENVER — The Colorado Sun, a Denver-based online news operation created three years ago by journalists who left The Denver Post, has partnered with...
Largest firefighting plane may be sold for COVID-19 response
DENVER — As Western states prepare for this year’s wildfire season, the world’s largest firefighting plane has been grounded and could be converted to...
Italian arms firm Leonardo buys stake in Germany’s Hensoldt
BERLIN — Italian arms manufacturer Leonardo said Saturday that it is buying large stake in Germany company Hensoldt from the U.S. investment firm KKR.
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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 —...
