Jefferies Leads $1 Billion Loan for KKR’s Simon & Schuster Deal
KKR & Co. has lined up debt financing from a group of banks led by Jefferies Financial Group
2023-08-08 07:18
China’s Rare Russia Rebuke Doesn’t Mean Xi Is Ditching Putin
China last week unleashed some of its strongest criticism against Russia since Vladimir Putin invaded Ukraine. Yet any
2023-08-08 06:59
Tesla names insider Taneja CFO as Kirkhorn steps down
By Akash Sriram (Reuters) -Tesla finance chief Zachary Kirkhorn has stepped down, surprising analysts who considered the 13-year veteran as
2023-08-08 06:28
Rakuten Bank Sees Edge Over Rivals Once BOJ Ends Negative Interest Rates
Japanese online lender Rakuten Bank Ltd. says it’s better positioned than rivals to enjoy a profit boost when
2023-08-08 06:27
Beyond Meat earnings drop 30% with falling demand
Troubled plant-based meat company Beyond Meat posted a 30% revenue decline in the second quarter due to falling demand for its products, the company announced Monday.
2023-08-08 06:21
Electric Vehicle Tech Manufacturer Proterra Files for Bankruptcy
Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. The
2023-08-08 05:47
Meme stocks are back as investors buy shares of beaten-down companies such as Yellow and Tupperware
A new class of meme stocks has sprung up during the stock market’s surprise recent rally, raising concerns about investors’ willingness to take on bigger risks amid a still uncertain economy
2023-08-08 05:24
Advent Nears $1 Billion Deal for Retail Brand Zimmermann
Private equity firm Advent International is nearing a deal to acquire Zimmermann in a transaction valuing the Australian
2023-08-08 05:15
Biden's student loan policies continue to face legal challenges
Legal challenges are continuing to target some of President Joe Biden's student loan policies. While his major student loan forgiveness program was blocked by the Supreme Court, the Biden administration is also facing lawsuits over some of its other policy changes aimed at making it easier for borrowers to pay back their loans.
2023-08-08 04:59
Simon & Schuster purchased by private equity firm KKR for $1.62 billion
Simon & Schuster has been sold to the private equity firm KKR, months after a federal judge blocked its purchase by rival publisher Penguin Random House because of concerns that competition would shrink in the book market
2023-08-08 04:59
After trying for three years, Paramount finally unloads Simon & Schuster for $1.6 billion
Paramount has agreed to sell Simon & Schuster to private equity firm KKR for $1.6 billion in cash, after more than three years of trying to offload the book publishing powerhouse.
2023-08-08 04:57
Beyond Meat revenue plummets in the second quarter due to flagging US demand
Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts
2023-08-08 04:47