Category Archives: News

Industrial conglomerate plans to focus on power and aviation divisions; another dividend cut is likely General Electric’s health-care unit, which makes hospital equipment like baby incubators and MRI machines, had $19 billion in revenue last year. PHOTO: JOHN HART/ASSOCIATED PRESS By Thomas Gryta Updated June 26, 2018 9:27 a.m. ET 55 COMMENTS General Electric Co. GE +7.10% will spin off its health-care […]

The company is accusing New York City lawmakers of being paid off by the hotel industry, days before a crucial hearing. By Shirin Ghaffary  Jun 22, 2018, 7:00am EDT Airbnb is stepping up its ongoing battle with New York City, days before a crucial hearing that it says could limit the company’s prospects in one of its […]

Ex-bankers from Goldman Sachs, JPMorgan hang out shingles to advise companies on securities offerings Vijay Culas, a former Goldman Sachs banker, advises companies on complex stock-related transactions. PHOTO: JASON HENRY FOR THE WALL STREET JOURNAL By Maureen Farrell and Liz Hoffman Updated June 25, 2018 1:04 p.m. ET 9 COMMENTS When Twitter Inc. TWTR -4.08% was looking to raise $1 billion from investors earlier this […]

(Reuters) – Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet company’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com. The two companies described the investment announced on Monday as one piece of a broader partnership that will include the promotion of JD.com […]

June 20, 201 By Kirk Falconer © 2018 Baxters Canada An investor group led by Canadian private equity firm Champlain Financial Corp has agreed to acquire Baxters Canada Inc, a Saint-Hyacinthe, Québec-based maker of canned soups and sauces. The deal’s value was not disclosed. Fonds de solidarité FTQ, Fondaction and Investissement Québec, Champlain’s partners, are each committing $8 million. Baxters Canada was formerly an affiliate of […]

May 25, 2018  Kirk Falconer   Public Sector Pension Investment Board, one of Canada’s largest and fastest growing pension systems, is doing more direct deals as part of a strategy intended to transform its approach to private equity and infrastructure investing. Over two-plus years, PSP Investments has deployed billions of dollars to a series of […]

   Private equity-backed sales throughout Europe fell by nearly a third in the first six months of 2018, as dealmakers opted for smaller buyouts over larger transactions. While total sales across Europe fell to €39.9bn in H1 2018 from €56.9bn in H2 2017, the number of private equity-backed transactions in the sub-€10m enterprise value (EV) […]

    June 13, 2018 By Reuters News Adyen, (ADYEN_w.AS), which processes payments for Netflix (NFLX.O), Facebook(FB.O) and eBay (EBAY.O), saw its value double to $17 billion in a market debut on Wednesday reminiscent of the 1999 tech bubble. After a highly sought initial public offering, shares in the Dutch company had been priced on Tuesday at 240 euros, the top […]

The Bank for International Settlements isn’t exactly a household name. Based in Basel, Switzerland, and founded nearly 90 years ago, it’s the central bank of the world’s central banks, fostering cross-border capital flows and monetary policy cooperation. But it’s also the home of some of the best independent research on the macroeconomy. And it’s surprisingly […]

Kate Clark June 21, 2018 Roblox, a user-generated gaming company with more than 60 million monthly active users, has authorized the sale of up to $150 million in shares, PitchBook has learned. The terms of the deal have not been announced and are subject to change. We’ve reached out to the company for comment and are […]