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Apollo-Led Lenders Sell Yellow Loan to Citadel
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation. Source link
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 more-narrow legal definition. Source link
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
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
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 opioids. Source link
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 removal. Source link
Hedge Fund Hestia Seeks Leadership Overhaul at Pitney Bowes
The shareholder is calling for a new chief executive and five new board members at the century-old shipping services company. Source link
Former Aetna CEO to Take Helm of Health Insurer Oscar
WSJ News Exclusive Health Mark Bertolini was most recently the co-chief executive of hedge fund Bridgewater Associates Source link
Salesforce Shakes Off Proxy Fight From Elliott
The activist investor says it was swayed by the business-software provider’s latest financial results and cost-cutting. Source link
