Private equity crackup looming amid higher interest rates and escalating losses
Major private equity firms including Apollo and Blackstone are struggling to fundraise as easy money dries up and REITs begin to crumble.
Morgan Stanley profit beats as wealth business cushions deals slump
Investment banks have suffered the most from a downturn in M&A activity as investors shunned risky bets against the backdrop of volatile markets and rapidly rising interest rates.
Elon Musk says Twitter had many employees but little product development
Twitter CEO Elon Musk told Tucker Carlson on FOX News that 80% of Twitter staff is gone and the company has little to no product development.
David’s Bridal will close all stores in Chapter 11 unless buyer emerges
Sunday's bankruptcy filing marks the second in less than five years for David's Bridal, which supplies wedding gowns to one out of every four brides in the U.S.
Merck to acquire Prometheus Biosciences for $10.8B
San Diego, California-based Prometheus Biosciences has a drug in development that treats immune diseases including ulcerative colitis and Crohn’s disease.
Another round of bidding on Subway reportedly coming up
Round two of bids for the possible sale of foot-long sandwich chain Subway are ready to begin for a sale that could fetch $10 billion, The Wall Street Journal reported on Thursday. It follows a prior round.
Express shares soar on Walmart Bonobos deal
Shares for Express are up on Friday after the fashion apparel brand and style community bought Walmart's menswear line Bonobos for $75 million. Walmart shares are flat.
Kroger fights antitrust case as lacking 'real-world' facts
Kroger wants a federal judge to dismiss a lawsuit acting as an obstacle to its intended merger with Albertsons, arguing that antitrust grounds do not exists.
Musk on buying Twitter: 'Painful' but necessary
Twitter CEO Elon Musk was interviewed by the BBC late Tuesday about his ownership of the online platform, including layoffs, misinformation, and his work style.
Carrier plots separation of fire unit
Carrier Global’s fire and security business, which it intends to spin off or sell, accounts for about 17% of company sales, which has slumped alongside new construction.
Citi long-serving M&A chief to retire
Mark Shafir, who most recently served as co-head of Global M&A at Citi, announced his retirement on Tuesday morning, according to a memo, which was distributed internally.
Exxon Mobil, Pioneer rumors spark fracking M&A talk
Exxon Mobil is reportedly in preliminary discussions to acquire Pioneer Natural Resources as part of the oil and natural gas producer’s Permian Basin strategy.
Exxon Mobil eyes potential mega-deal with shale driller Pioneer
Exxon Mobil looks to purchase Pioneer Naturla Resources, a US fracking giant with operations in West Texas' shale fields. Exxon is hoping to deploy its windfall profits.
Paramount explores sale of majority stake in Noggin streaming service
Paramount is thinking of selling Noggin, its streaming and education platform for kids to focus on Paramount+ and Pluto as competition heats up from Netflix and Disney+
Utilities pursue pipeline sales as natural-gas bans catch on
The potential sales come as lawmakers and regulators across the U.S. debate the future of natural gas for home heating and cooking as more towns and cities look to phase it out.
L’Oréal buys skincare company Aēsop in $2.5 billion deal, its biggest acquisition ever
L’Oréal is purchasing luxury skincare brand Aesop from Brazil's Natura & Co in a $2.5 billion deal, marking the French beauty brand's largest takeover.
China’s new tech weapon: Dragging its feet on global merger approvals
China has been increasingly leveraging its merger-review process and antimonopoly rules to advance its national political and economic goals.
AMC, APE shares closer to conversion following settlement
AMC Entertainment Holdings has settled a shareholder lawsuit over its plans to convert the move theater chain's "APE" preferred equity units into shares of common stock.
PublicSq. aims to 'shift the power back to the people with commerce': Michael Seifert
PublicSq. founder and CEO Michael Seifert discusses the platform's mission and users, and gives an update on the conservative company's SPAC deal.
Extra Space Storage to combine with Life Storage in $12.7B deal
A deal between Extra Space and Life Storage would create the largest storage-facility operator in the country by number of locations, according to the companies.