Latest Investment management News

FILE - In this Sept. 2, 2019 file photo, logs are stacked at a lumber mill surrounded by recently charred and deforested fields near Porto Velho, Rondonia state, Brazil. Dozens of Brazilian corporations are calling for a crackdown on illegal logging in the Amazon rainforest, expressing their concerns in a letter Tuesday, July 7, 2020, to the vice president, who heads the government's council on that region. (AP Photo/Andre Penner, File)

Brazil asks investment firms to adopt protected Amazon areas

Jul. 9, 2020 3:23 PM EDT

RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush. Vice President Hamilton Mourão, who heads...

FILE - In this Sunday, April 2, 2017, file photo, Tim McGraw, left, and Faith Hill arrive at the 52nd annual Academy of Country Music Awards at the T-Mobile Arena in Las Vegas. The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. A Nashville, Tenn., company called “Road Dog Touring, Inc.” was approved for a small business loan of $2 million to $5 million. The company owns the official website for country singer Tim McGraw, timmccgraw.com, and a joint official site with his wife, Faith Hill, timandfaith.com. (Photo by Jordan Strauss/Invision/AP, File)

Kanye West? Tim McGraw? Girl Scouts? All got PPP loans

Jul. 7, 2020 6:56 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Clothing lines by...

A P.F. Chang China Bistro restaurant is seen in Omaha, Neb., Tuesday, July 7, 2020. The restaurant is among big corporate names on the government’s list of 650,000 recipients of coronavirus relief loans despite the controversy that prompted other high-profile businesses to return billions of dollars in loans. P.F. Chang’s China Bistro said its loan of between $5 million and $10 million helped keep 12,000 workers employed as it transitioned its over 210 restaurants to take-out.  (AP Photo/Nati Harnik)

Small business program scrutinized for loans to big firms

Jul. 7, 2020 4:13 PM EDT

NEW YORK (AP) — Congress set aside $659 billion to throw a lifeline to small businesses and organizations side-swiped by the coronavirus pandemic and to help paychecks keep flowing to workers who might otherwise head to the unemployment line. Yet that's not exactly how it worked out. Among the 650,000...

FILE - This Sept. 15, 2019, file photo shows The Greenbrier resort nestled in the mountains in White Sulphur Springs, W.Va. At least six of billionaire West Virginia Gov. Jim Justice family entities received the Paycheck Protection Program loans, meant to keep small businesses afloat during the coronavirus pandemic, including the governor’s lavish resort The Greenbrier, as well as The Greenbrier Sporting Club, an exclusive members-only club linked to the resort. (AP Photo/Steve Helber, File)

Governors' companies among recipients of virus relief loans

Jul. 6, 2020 9:33 PM EDT

COLUMBUS, Ohio (AP) — Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19's effect on the economy, data released Monday show. The governors of at least eight states...

FILE - Hot air balloons are inflated during the annual Albuquerque International Balloon Fiesta in Albuquerque, N.M., on Saturday, Oct. 5, 2019. The Santa Fe Opera, Meow Wolf and the non-profit organization that puts on the Albuquerque International Balloon Fiesta are among the New Mexico businesses that received loans from the federal government as part of massive effort to support the economy amid the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, file)

Kanye West? The Girl Scouts? Hedge funds? All got PPP loans

Jul. 6, 2020 7:15 PM EDT

WASHINGTON (AP) — The government's small business lending program has benefited millions of companies, with the goal of minimizing the number of layoffs Americans have suffered in the face of the coronavirus pandemic. Yet the recipients include many you probably wouldn't have expected. Kanye West's...

FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak.  (Kevin Dietsch/Pool via AP, File)

The Latest: Financial firms among big relief fund recipients

Jul. 6, 2020 5:59 PM EDT

NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ The financial services industry received roughly $27 billion...

Ski area owned by gov's family, other resorts get PPP loans

Jul. 6, 2020 5:38 PM EDT

CONCORD, N.H. (AP) — An investment group led by the family of Republican Gov. Chris Sununu benefited from a program created to preserve jobs at smaller businesses during the coronavirus pandemic. Waterville Valley Holdings, which received between $350,000 and $1 million from the Paycheck Protection...

FILE - In this March 29, 2020, file photo, Connecticut Gov. Ned Lamont addresses the media at medical equipment manufacturer Bio-Med Devices in Guilford, Conn. On Thursday, July 2, 2020, Lamont announced a change to the required 14-day quarantine for visitors from states with high COVID-19 infection rates. He believes the quarantine announced the week before by Connecticut, New Jersey and New York has limited the number of Connecticut's out-of-state visitors. (Brian A. Pounds/Hearst Connecticut Media via AP, File)

Help wanted: Lamont turns to outside experts to fight virus

Jul. 5, 2020 12:19 PM EDT

HARTFORD, Conn. (AP) — Connecticut Gov. Ned Lamont, a businessman-turned-politician, mid-way into his first term, did what felt natural when he faced the prospect of large numbers of coronavirus infections spreading from neighboring New York into his state. The wealthy cable company founder leveraged his...

FILE - In this Monday, Jan. 6, 2020, file photo, Borden milk rests on a shelf in a cooler in Richmond Heights, Ohio. Elsie the cow has a new home. Borden dairy, which filed for bankruptcy protection in January, has been sold to two private equity firms, the company announced Friday, June 26, 2020. (AP Photo/Tony Dejak, File)

Elsie moooves on: Borden dairy sold to private equity firms

Jun. 26, 2020 7:23 PM EDT

Elsie the cow has a new home. Borden dairy, which filed for bankruptcy protection in January, has been sold to two private equity firms. Dallas-based Borden said Friday it was sold for about $340 million to Capitol Peak Partners and KKR. Colorado-based Capitol Peak will be the majority owner while New York-based...

FILE - This May 22, 2020 photo shows the Federal Reserve building in Washington.  The Federal Reserve and four other bank regulatory agencies announced on Thursday, June 25,  that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.(AP Photo/Patrick Semansky, File)

Federal banking agencies ease Volcker Rule restrictions

Jun. 25, 2020 3:34 PM EDT

WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the...