Cannabis Saga In The Empire State: Corruption Or Ineptitude? Private Equity Tramples Social Equity, Report Reveals

Shares of Expedia Group Inc rose 9% on Wednesday after a report that the online travel services company was in advanced talks to sell a stake to private-equity firms Silver Lake Partners and Apollo Global Management Inc for about $1 billion......»»

Private equity firm Canyon Bridge, the Chinese-backed owner of Imagination Technologies, told the British government it was committed to keeping the chip designer headquartered in the UK, confirming an earlier Reuters report......»»

As the Trump administration works to stand up the largest economic relief effort in American history, the stage is set for a debate over just what kind of companies should be eligible for generous government loans......»»

The American Investment Council, which acts as a lobbyist for the private equity industry, pushed the Trump administration to include $500 billion in relief for businesses as part of a coronavirus stimulus package, CNBC re read more.....»»

The novel coronavirus outbreak could stretch the healthcare system to its limits.  According to a report from New York state in 2015, the state would only have about 15% of the ventilators needed to care for p.....»»

Tysons IT services giant DXC Technology Co. (NYSE: DXC) is selling its state and local health business to private equity firm Veritas Capital for $5 billion in cash. DXC said Tuesday it would use the proceeds from the sale to pay down debt. The c.....»»

Tenants at the sprawling east side residential complexes Stuyvesant Town and Peter Cooper Village filed a lawsuit on Wednesday in state court to block the property’s owner, private equity giant... To view the full story, click the title link......»»

Boston’s first recreational marijuana dispensary, and the first in the state to be owned by applicants in one of the state’s equity program, will open Monday. Pure Oasis, in Roxbury, received the final green light from the Cannabis Control Co.....»»

Private equity firms always beat the broader stock market, right? Not exactly. Bain & Co. said in its annual private equity report last week that U.S. buyout funds’ internal rate of return over the last 10 years  – 15.3 percent – was slightly.....»»

Two of the state’s top cannabis regulators are urging state lawmakers to further bolster and fund the state’s equity programs. Steve Hoffman, the chairman of the Cannabis Control Commission, and Shawn Collins, the agency's executive director w.....»»

We discuss private equity's increasing role in transportation with former investment banker JT Engstrom. Also on the docket are the FMCSA Drug and Alcohol Clearinghouse and the future of stock-trading social networks. read more.....»»

LGBTQ advocate Candace Gingrich is among a group of advocates and industry officials who will discuss the role the cannabis community should play in social equity at the Benzinga Cannabis Capital Conference starting Monday in Miami Beach.  read more.....»»

Sycamore Partners could take L Brands' Victoria's Secret brand private, according to a report that also says CEO Les Wexner is expected to step down......»»

Sycamore Partners could take L Brands' Victoria's Secret brand .....»»

L Brands is close to a deal to sell Victoria's Secret to private equity company Sycamore Partners, CNBC reported Sunday night. A price was not reported, but CNBC said the deal co.....»»

CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald's Corp's mainland China and Hong Kong business, which is likely to be bought by the group's private equity arm......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Investors continue to hunger for the long-term market-beating returns promised by fund managersCheck out Howard Marks Stock Picks » Download GuruFolio Report of Howard Marks (Updated on 11/30/2019).....»»

U.S. private equity firm Silver Lake has bought a 10% stake in Manchester City's Abu Dhabi-controlled owner, adding to its $43 billion worth of investments which include the world's best-known sports venues and teams as well as technology companies......»»

Private equity firm Silver Lake has agreed to make a $500 million equity investment into the owners of English Premier League soccer champions Manchester City, the firms said on Wednesday, confirming a report in the Financial Times......»»