Latest Private equity management News

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: TGI Fridays, PF Chang’s chains get relief funds

Jul. 6, 2020 5:35 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: ___ TGI Fridays and P.F. Chang’s China Bistro were among...

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 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...

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...