Latest Private equity management News

Youngkin lends millions more to his gubernatorial campaign

Sep. 16, 2021 12:10 PM EDT

FALLS CHURCH, Va. (AP) — Virginia gubernatorial candidates Terry McAuliffe and Glenn Youngkin each raised more than $11 million in the last two months, but Youngkin loaned his campaign an additional $4.5 million to give himself a significant advantage, according to the most recent...

Harvard University will divest itself from fossil fuels

Sep. 10, 2021 10:29 AM EDT

BOSTON (AP) — Harvard University will divest itself from holdings in fossil fuels, President Lawrence Bacow said Thursday. Harvard Management Company, which oversees the university’s nearly $42 billion endowment, has already been reducing its exposure to fossil fuels...

In a hot market, companies compete with would-be homeowners

Sep. 09, 2021 15:32 PM EDT

LOS ANGELES (AP) — Soaring home prices and rents are fueling real estate companies’ appetite for houses, adding unwelcome competition for many would-be homebuyers. Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in...

UK supermarket Morrisons plans auction to end bidding war

Sep. 08, 2021 06:07 AM EDT

LONDON (AP) — The British supermarket chain Morrisons plans to end a bidding war for the company by holding an auction between two U.S.-based investment groups that have made competing offers. The private equity firm Clayton, Dubilier & Rice offered about 7 billion...

Collectible prices skyrocket, to the dismay of hobbyists

Sep. 03, 2021 03:07 AM EDT

NEW YORK (AP) — Americans have become obsessed with collectibles, bidding up prices for trading cards, video games and other mementos of their youth. The frenzy has brought small fortunes to some, but a deep frustration for those who still love to play games or trade cards as a hobby. ...

$3M awarded to Kentucky city for wastewater treatment plants

Aug. 31, 2021 04:01 AM EDT

SOMERSET, Ky. (AP) — The federal government has awarded $3 million to a Kentucky city to upgrade two wastewater treatment facilities, expected to create more than 300 jobs, Gov. Andy Beshear said. The funds from the U.S. Economic Development Administration go to the...

Republican Youngkin outlines new tax, policy proposals

Aug. 30, 2021 18:21 PM EDT

RICHMOND, Va. (AP) — Virginia GOP gubernatorial nominee Glenn Youngkin rolled out the most sweeping policy proposal of his campaign so far Monday, a so-called “day one game plan” that envisioned substantial tax cuts, new charter schools and an overhaul of what he called “broken”...

Bidding war for UK supermarket chain Morrisons heats up

Aug. 20, 2021 06:30 AM EDT

LONDON (AP) — Shares in British supermarket chain Morrisons spiked higher Friday after New York-based private equity firm Clayton, Dubilier & Rice trumped a previous offer for the company with a 7 billion-pound ($9.5 billion) bid. Morrisons' board has accepted the...

Hyatt to buy resort manager Apple Leisure for $2.7 billion

Aug. 16, 2021 11:59 AM EDT

CHICAGO (AP) — Hyatt Hotels will buy resort-management company Apple Leisure Group from two private equity firms for $2.7 billion. Apple Leisure manages about 100 resorts with more than 33,000 rooms in 10 countries. The acquisition will double Hyatt's presence in the...

LSU alumnus looks to increase number of Black veterinarians

Aug. 07, 2021 00:09 AM EDT

BATON ROUGE, La. (AP) — When he was a teenager, Dr. George Robinson III said he was lucky to come into contact with Dr. Clyde Raby, a Black veterinarian who practiced in Baton Rouge. “He allowed me to come over to his practice, and I liked it,” Robinson said. That...