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Apollo-Led Lenders Sell Yellow Loan to Citadel
Business

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

U.S. to Ban Some Investments in China
Business

U.S. to Ban Some Investments in China

President Biden plans to sign an executive order that will also require U.S. private-equity and venture-capital firms to disclose certain investments in the country. Source

Kim Kardashian Taps Ex-Apple, Burberry Executive for Private-Equity Firm
Business

Kim Kardashian Taps Ex-Apple, Burberry Executive for Private-Equity Firm

Angela Ahrendts will be joining SKKY Partners as senior operating adviser. Source link

Efforts to Spotlight Private Equity's Healthcare Stakes Struggle for Traction
Business

Efforts to Spotlight Private Equity's Healthcare Stakes Struggle for Traction

Congress and regulatory agencies have made scant headway in requiring medical companies to reveal owners. Source link

Pratt & Whitney Engine Problems Lead Airlines to Reduce Some Flights
Business

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

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

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
Business

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

Venture Capitalist Seeks to Spur Drug Development for Rare Autoimmune Disease
Business

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 another disease: a rare autoimmune condition that

Walmart Pays $1.4 Billion to Boost Flipkart Stake
Business

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