financial vehicles

Pratt & Whitney Engine Problems Lead Airlines to Reduce Some Flights

The aerospace and defense company RTX’s bet on single-aisle jetliners has run into quality and durability concerns. Source link

11 months ago

Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion

Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin…

12 months ago

New Definition of 'Fraud' Wipes Out High-Profile Prosecutions

Fraud doesn’t mean what it used to—and several high-profile federal prosecutions are falling apart as courts apply the Supreme Court’s…

12 months ago

Private Equity, Hedge Funds Brace for Coming SEC Overhaul

Regulators could adopt new rules for firms such as Blackstone and Millennium as soon as this month. Source link

12 months ago

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease

Venture capitalist Luke Evnin has financed several successful biotechnology startups that develop treatments for cancer. Now he is encouraging drugmakers to tackle…

12 months ago

Walmart Pays $1.4 Billion to Boost Flipkart Stake

The purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion. Source link

12 months ago

$2 Billion Default Followed Warnings to Everyone but Investors

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now…

12 months ago

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to…

12 months ago

Union Pacific Picks New CEO

The railroad company named veteran rail executive Jim Vena chief executive, after a major shareholder called for the current CEO’s…

12 months ago

KKR to Sell Audiobook Publisher RBmedia

H.I.G. plans to pay more than $1 billion for the company, including debt, according to people familiar with the situation.…

12 months ago