By Kane Wu HONG KONG (Reuters) -Chinese private equity firm Trustar Capital is planning to raise a so-called continuation fund that would allow it to sell down its stake in McDonald’s China, two[...]
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Private equity firm PAI Partners to buy pet food maker Alphia
By Abigail Summerville NEW YORK (Reuters) – Private equity firm PAI Partners said on Thursday it agreed to buy Alphia Inc from its owner J.H. Whitney Capital Partners, in a deal that people fami[...]
Read moreUS SEC overhauls rules for $20 trillion private fund industry
By Carolina Mandl and Chris Prentice NEW YORK (Reuters) – The U.S. securities regulator on Wednesday adopted new rules that will shine a light on private equity and hedge fund expenses and fees,[...]
Read moreBlackRock continues lowering support for environmental and social proposals
By Ross Kerber and Isla Binnie (Reuters) – Top asset manager BlackRock on Wednesday reported a further decline in its support for shareholder resolutions on environmental and social themes, citi[...]
Read moreWells Fargo defeats shareholder lawsuit over fake job interviews
By Jonathan Stempel (Reuters) – Wells Fargo won the dismissal of a lawsuit accusing the fourth-largest U.S. bank of defrauding shareholders by touting its commitment to hiring diversity while it[...]
Read moreGoldman Sachs weighs selling part of wealth business in broad strategy revamp
By Saeed Azhar NEW YORK (Reuters) -Goldman Sachs is weighing the sale of a part of its wealth business, it said on Monday, as it shifts its focus back to serving the ultra-rich and away from high-net-[...]
Read moreBurry, famous for ‘Big Short,’ bought bearish options against S&P, Nasdaq 100
By David Randall and Saqib Iqbal Ahmed NEW YORK (Reuters) -Michael Burry, the money manager made famous in the book and film “The Big Short,” held bearish options against the broad S&P[...]
Read moreMeme stock Tupperware jumps as debt restructuring deal fires up retail army
By Medha Singh and Savyata Mishra (Reuters) -Shares of Tupperware Brands surged 44% on Friday, after the kitchen storage container maker finalized a debt restructuring deal as it attempts a turnaround[...]
Read moreHuge rallies boost Tupperware, Yellow shares into ‘meme stock’ club
By Medha Singh and Chibuike Oguh (Reuters) -Shares of Tupperware Brands Corp, Yellow Corp and other U.S. companies have soared in recent days, reminding analysts of so-called “meme stock”[...]
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