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KKR to Sell Audiobook Publisher RBmedia
Business

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. Source link

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia
Business

Vale Nears Deal to Sell 10% of Its Base Metals Business to Saudi Arabia

The Brazilian miner is close to completing the deal with Saudi Arabia’s sovereign-wealth fund and a Saudi mining company. Source link

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.
Business

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.

Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
Business

Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion

The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link

Ukraine to Seize Bank to Curb Moscow's Influence
Business

Ukraine to Seize Bank to Curb Moscow's Influence

Sense Bank, formerly known as Alfa Bank-Ukraine, is regarded as a symbol of Russia’s involvement in Ukraine’s financial and political affairs. Source link

Insurers Aim to Boost Rates
Business

Facing Big Storm Losses, Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.

Investor Group Nears $125 Million Deal for CoinDesk
Business

Investor Group Nears $125 Million Deal for CoinDesk

The syndicate is led by Matthew Roszak of Tally Capital and Peter Vessenes of Capital6. Source link

KKR Nears Deal for Specialty-Chemicals Maker Chase
Finances

KKR Nears Deal for Specialty-Chemicals Maker Chase

The private-equity firm would pay roughly $1.3 billion in deal that could be reached Friday. Source link

Insurers Aim to Boost Rates
Finances

Insurers Aim to Boost Rates

Severe storms that brought hail and high winds to places such as Texas and states in the central U.S. are wreaking havoc on insurers’ profits.