Latest Investment management News

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...

FILE - In this May 22, 2014 file photo, a small boat navigates on the Solimoes River near Manaus, Brazil. In the remote Amazon community of Betania, indigenous Tikuna tribe members suspect the new coronavirus arrived in May of 2020 after some returned from a two-hour boat trip down the Solimoes River to pick up their government benefit payments. (AP Photo/Felipe Dana, File)

Investors warn Brazil ambassadors about Amazon deforestation

Jun. 23, 2020 8:13 AM EDT

RIO DE JANEIRO (AP) — A group of mostly European investment firms has sent a joint letter to Brazilian ambassadors in their countries to express concern over rising Amazon deforestation. Storebrand Asset Management, based in Norway, collected the signatures of 29 companies, which include Legal &...

FILE - This Feb. 16, 2010 file photo shows the headquarters of the Simon Property Group in downtown Indianapolis.  Simon Properties said Wednesday, June 10, 2020,  that it is pulling out of its $3.6 billion to buy rival Taubman, citing the coronavirus pandemic which has forced many malls to temporarily close their doors. It is the second major retail deal to fall apart due to the pandemic. (Danese Kenon/The Indianapolis Star via AP, File)

Buyer's remorse: Mall deal implodes as virus shakes retail

Jun. 10, 2020 7:14 PM EDT

NEW YORK (AP) — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry. Simon Property Group announced it would buy Taubman Centers in early February, just weeks before the Centers for Disease Control and...

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...

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...

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...