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Enlarge (credit: Guillaume Payen/SOPA Images/LightRocket via Getty Images) In recent weeks, both Uber and Airbnb have sent formal letters to the Securities and Exchange Commission, asking the regulatory agency to expand efforts that would allow drivers and hosts to also be paid in company shares. Exactly how this would work in practice remains unclear. The […]
Hundreds of health professionals from across the country have heard how Indigenous patients are still waiting for equitable access to treatment.
Chinese alternative asset managers have become the latest casualty of the country’s crackdown on debt and financial risk, with a record number of private equity and hedge funds dissolving in recent months as new regulations limit their fundraising. In the first six months of this year, the Asset Management Association of China (Amac) — a […]
LAST month KKR, a private-equity firm, announced that it would buy Envision Healthcare, one of America’s largest providers of doctors to hospitals. The deal was valued at $ 9.9bn, including debt. If shareholders agree to the sale, it will be the largest in a string of health-care investments by KKR, including an ambulance service, a […]
Rebekka Dunlap Ann Marie Reinhart was one of the first people to learn that Toys “R” Us was shuttering her store. She was supervising the closing shift at the Babies “R” Us in Durham, North Carolina, when her manager gave her the news. “I was almost speechless,” she told me recently. Twenty-nine years ago, Reinhart […]
REUTERS/Brendan McDermid JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating solidly. Both had bumper first quarters in equity trading, with JPMorgan posting a record quarter for the business. Wall Street’s celebrating a bumper quarter in equity trading. JPMorgan and Citigroup both announced first quarter earnings on Friday, with both beating […]
Cybersecurity startup PhishMe has been acquired by an undisclosed syndicate of private equity firms and rebranded as Cofense, with the company stating that the deal valued it at around $ 400 million. Leesburg, Virginia-based PhishMe provides tools for employees to recognize malicious phishing emails. This partly involves conditioning staff into being able to identify rogue emails, for […]
THE financial crisis a decade ago brought the glory days of private equity to a screeching halt. The debt-fuelled megadeals on which the industry had built its fame (or notoriety) seemed over. But on January 30th a group of investors led by Blackstone, the world’s largest private-equity firm, announced a $ 17bn deal to carve […]
Toys “R” Us announced on Wednesday that it will close about 180 stores in the U.S., or about one-fifth of its domestic locations, as the company emerges from bankruptcy proceedings to restructure $ 5 billion in debt. On one level, this is just the latest chapter in the never-ending saga of brick-and-mortar calamity as the […]
AP Photo/Lance Murphey Fundraising and “dry powder” in the private-equity industry is booming. This “perfect storm” has stoked demand for talent and increased compensation for junior-level employees, according to top recruitment firm Heidrick & Struggles. Senior talent is as coveted as ever, but money is less of a concern and they’re harder to lure away. […]
