Latest Investment management News

In this Thursday, May 14, 2020 photo, Teresa Navarro shows a picture of her mother Concepcion Rosillos, 97, in Madrid, Spain. Concepcion Rosillos was one of the residents at the Usera Center for the Elderly, who died during the coronavirus outbreak in Spain.  More than 19,000 coronavirus deaths in Spain's nursing homes have prompted a re-examination of a system. (AP Photo/Bernat Armangue)

'Didn't give a damn': Inside a ravaged Spanish nursing home

May. 28, 2020 3:27 AM EDT

MADRID (AP) — Zoilo Patiño was just one of more than 19,000 elderly people to die of coronavirus in Spain’s nursing homes but he has come to symbolize a system of caring for the country’s most vulnerable that critics say is desperately broken. When the Alzheimer’s-stricken...

U of Michigan, Deerfield partner on drug discovery projects

May. 27, 2020 8:10 AM EDT

ANN ARBOR, Mich. (AP) — The University of Michigan is partnering with Deerfield Management health care investment firm to create a company to commercialize drug discovery projects. The launch of Great Lakes Discoveries was announced Wednesday. Deerfield will deliver development expertise and is committing...

Hawaii public pension fund suffers worst loss in 17 years

May. 18, 2020 10:35 AM EDT

HONOLULU (AP) — Hawaii’s largest public pension fund suffered its worst quarterly loss in more than 17 years because of the economic impact of the coronavirus. The state Employees’ Retirement System investments fell 9.5%, The Honolulu Star-Advertiser reported Sunday. The fund’s...

Leslie Musumecci checks a text while Emily Summerville rinses her hair Monday, May 11, 2020 at The Nook on 7th Street in Tuscaloosa, Ala. the first time since mid-March when personal contact businesses were shut down due to COVID-19 restrictions. Summerville owns The Nook with her husband. She said they had fielded many calls for appointments and were doing their best to accommodate those who had waited the longest to get them in first.  (Gary Cosby Jr./Tuscaloosa News via AP)

Company earnings tell the story of the pandemic's early days

May. 11, 2020 6:56 PM EDT

The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ EARNINGS SEASON: The damage from the pandemic is playing out in...

In this April 28, 2020 photo Lou Aguilera, President of Revell North America, holds a model of an Iron Maiden Ed Force One at his home in Cary, Ill. Aguilera says online sales have seen significant growth from people at home looking for something to do. The Illinois-based model kit-maker that emerged from bankruptcy two years ago when purchased by a German investment firm is seeing a resurgence as a result of the coronavirus pandemic. (Stacey Wescott/Chicago Tribune via AP)

Assembling model kits gets a boost from pandemic shut-ins

May. 9, 2020 12:26 PM EDT

FOX RIVER GROVE, Ill. (AP) — A model kit-maker located outside Chicago that emerged from bankruptcy two years ago when purchased by a German investment firm is seeing a resurgence as a result of the coronavirus pandemic. An executive of Revell USA says a growing number of people stuck at home are putting...

Deal to sell Victoria's Secret is scrapped

May. 4, 2020 6:30 PM EDT

NEW YORK (AP) — Victoria's Secret won't be bought after all. L Brands, which owns the lingerie seller, said Monday that it has agreed to end a February deal that would have sold a controlling stake of Victoria's Secret to private equity firm Sycamore Partners. Last month, Sycamore Partners sued to get out...

FILE - In this Nov. 2, 2018 photo Vince Kadlubek, co-founder and board member of the offbeat arts and entertainment startup company Meow Wolf, speaks at a Democratic political rally at a Meow Wolf venue in Santa Fe, N.M. After the Great Recession pummeled the economy in 2008-2009, venture investment in New Mexico ground to a near halt as struggling venture-backed startups crashed and burned and investors hunkered down to await better times. Startups hope support systems today prevent this. (AP Photo/Morgan Lee, File)

New Mexico start-ups face tough times despite support system

May. 3, 2020 11:00 AM EDT

ALBUQUERQUE, N.M. (AP) — After the Great Recession pummeled the economy in 2008-2009, venture investment in New Mexico ground to a near halt as struggling venture-backed startups crashed and burned and investors hunkered down to await better times. Today, the economy is taking a far worse beating from...

FILE - In this Jan. 24, 2020 file photo, Cory Doctorow, right, walks in front of other protestors in Los Angeles outside the headquarters of the regulatory body for domain names, the Internet Corporation for Assigned Names and Numbers. After widespread opposition, the organization overseeing internet domain names has voted against the $1.1 billion sale of the dot-org online registry to an investment firm. The board of the Los Angeles-based Internet Corporation for Assigned Names and Numbers voted Thursday, April 30, 2020 not to allow the sale to Ethos Capital of the website suffix that is widely used by non-profits and community groups.  (AP Photo/Mark J. Terrill)

Sale of internet's dot-org suffix nixed after protests

May. 1, 2020 6:44 PM EDT

NEW YORK (AP) — After widespread opposition, the organization overseeing internet domain names has voted against the $1.1 billion sale of the dot-org online registry to an investment firm. The board of the Los Angeles-based Internet Corporation for Assigned Names and Numbers voted late Thursday not to...

FILE - In this Feb. 25, 2020, file photo, Michelle Janavs arrives at federal court in Boston for sentencing in a nationwide college admissions bribery scandal. Lawyers for Janavs, who is supposed to report to prison in May, said in a legal filing Wednesday, April 22, 2020, that she should spend five months in home confinement instead of prison because she has an underlying health condition that makes her particularly vulnerable if she were to contract the coronavirus. (AP Photo/Elise Amendola, File)

Virus delays prison time for Hot Pockets heir, ex-CEO

May. 1, 2020 3:48 PM EDT

An heir to the Hot Pockets fortune and a former investment executive who participated in the college admissions cheating scheme won't get to serve their punishments at home, but they can delay going to prison until this summer because of the coronavirus pandemic, a judge has ruled. Michelle Janavs, whose family...

Ex-CEO, citing virus, seeks home sentence in college scam

Apr. 24, 2020 4:09 PM EDT

BOSTON (AP) — The former CEO of a top investment company who got nine months in prison in the college admissions bribery scheme asked a judge if he could begin his sentence at home because of the risk of catching the coronavirus behind bars. Lawyers for Douglas Hodge said in a filing Thursday that the...