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Donald Trump is set to share a $617 million windfall with Vornado Realty Trust, from a property refinancing deal, reports say
As part of a $1.2 billion bond sale and refinancing, Vornado Realty Trust and The Trump Organization were set to get $617 million, Bloomberg reported. Protestors outside 555 California Street in San Francisco in 2017. Ben Margo/AP Photo Vorn.....»»
The Wall Street Journal: Verizon may sell its media assets, including Yahoo and AOL
Verizon Communications Inc. is exploring a sale of its media assets including Yahoo and AOL, according to people familiar with the matter, signaling a dramatic reversal of the communications company’s once-lofty ambitions in the sector......»»
Verizon is reportedly considering a sale of its media assets, including AOL and Yahoo
Verizon Communications is looking into selling its media assets, according to a report from the Wall Street Journal. Rafael Henrique/SOPA Images/LightRocket/Getty Images Verizon Communications is considering selling.....»»
Thermo Fisher seeks to buy pharma services company PPD for $15 billion: report
Thermo Fisher Scientific Inc. is approaching a deal to buy pharmaceutical-testing company PPD Inc. for more than $15 billion, the Wall Street Journal reported W.....»»
The Wall Street Journal: President Biden’s budget request includes funds for building a corporate ownership database
A discretionary budget request released by the Biden administration includes a sizable boost for a unit of the U.S. Treasury Department tasked with building a complex corporate ownership registry......»»
The Wall Street Journal: Online marketplace StockX valued at $3.8 billion, lets some employees sell shares
The 35% jump in valuation comes ahead of the company’s expected public listing that is likely to happen as soon as the second half of this year, according to people familiar with the company’s plans......»»
The Wall Street Journal: Ex-Tiger Asia manager Bill Hwang behind big ViacomCBS, Discovery selloff
The liquidations appear to have left Archegos, which managed an estimated $10 billion of personal wealth for Hwang and his family, under extreme pressure following heavy losses......»»
Corning to double production of glass vials for COVID vaccines to 150 million this year, holding 1.2 billion doses: WSJ
Corning Inc. is planning to increase production of glass vials for COVID-19 vaccines by 50% from prior targets, after receiving more federal funding, the Wall Street Journal reported on Friday. The glass maker is now expe.....»»
The Wall Street Journal: Blackstone offers $6 billion to buy Australian casino operator Crown Resorts
The U.S. investment firm has offered 11.85 Australian dollars, or the equivalent of $9.15, a share for Crown, a 20% premium to its closing share price last week, Crown said Monday......»»
Extended Stay"s stock soars after WSJ report of $6 billion buyout deal with Blackstone, Starwood
Shares of Extended Stay America Inc. soared 15.9% toward a 2-year in premarket trading Monday, after The Wall Street Journal reported that the hotel operator has agreed to be acquired by Blackstone Group and Starwoo.....»»
The Wall Street Journal: Ride-hailing startup Grab is in talks to go public through SPAC merger
Grab Holdings Inc. is in talks to go public through a merger with a SPAC that could value the Southeast Asian ride-hailing startup at as much as $40 billion, making it by far the largest such deal on record......»»
The Wall Street Journal: SoftBank Vision Fund injected at least $400 million into Greensill Capital in late 2020
The infusion of cash was in addition to the $1.5 billion the Vision Fund had invested in Greensill in 2019......»»
Gold futures fall, but hold above the $1,700 mark
Gold futures dropped Thursday, as the 10-year Treasury bond yield climbed past 1.5%, pushing prices for the precious metal to their lowest settlement since June. During a Wall Street Journal webinar Thursday, .....»»
The Wall Street Journal: Texas overcharged $16 billion for power during last month’s crisis, monitor says
An independent market monitor said the Texas power-grid operator made a critical mistake that resulted in $16 billion in electricity overcharges last month, and recommended that the charges be reversed......»»
The Wall Street Journal: Cryptocurrency firms Bitfinex, Tether settle New York AG’s probe for $18.5 million
The New York attorney general’s office settled Tuesday a nearly two-year investigation into the finances and corporate practices of the companies that operates the Bitfinex cryptocurrency exchange and the stablecoin tether......»»
The Wall Street Journal: M&T Bank nears $7 billion deal to buy People’s United
M&T Bank Corp. is nearing a deal to buy People’s United Financial Inc. for more than $7 billion, according to people familiar with the matter, in the latest in a string of regional-bank tie-ups......»»
Patrick Soon-Shiong affirms commitment to the Los Angeles Times
Los Angeles Times ownership refutes Wall Street Journal report of a sale. Los Angeles Times ownership refutes Wall Street Journal report of a sale......»»
The Wall Street Journal: IBM exploring sale of its Watson Health unit
International Busi.....»»
The Wall Street Journal: Reddit valued at $6 billion after new funding round
Reddit Inc. doubled its valuation to $6 billion in a new round of funding that comes as the social-media company has added users through the COVID-19 pandemic and more recently has gained attention for its role in the recent Wall Street trading frenzy......»»