Latest Private equity management News

Biden wishes Americans happy, closer-to-normal Thanksgiving

Nov. 25, 2021 19:58 PM EST

NANTUCKET, Mass. (AP) — President Joe Biden on Thursday wished Americans a happy and closer-to-normal Thanksgiving, the second celebrated in the shadow of the coronavirus pandemic, in remarks welcoming the resumption of holiday traditions by millions of U.S. families — including his own. ...

Liberal Oregon resists dropping controversial investments

Nov. 23, 2021 20:19 PM EST

SALEM, Ore. (AP) — Oregon residents are increasingly pushing for the state to divest from fossil fuel companies and other controversial investments, but the state treasury is resisting and putting the onus on the Legislature. In addition to fossil fuel companies whose...

Virginia Gov.-elect Youngkin releases tax information

Nov. 07, 2021 16:48 PM EST

RICHMOND, Va. (AP) — Virginia Gov.-elect Glenn Youngkin has disclosed what his campaign says are summaries of recent tax returns that show the substantial amounts of income he made and has given away. Summaries of his returns over the past five tax years indicate the...

Family-owned Delaware Park track and casino getting sold

Nov. 06, 2021 11:55 AM EDT

WILMINGTON, Del. (AP) — The family-owned Delaware Park, home to the state’s biggest thoroughbred horse race each year, is being sold to a private equity firm and a gambling investor. The sale of Delaware Park, which has been operated by the Rickman family since the...

MGM Resorts says it'll sell The Mirage; no buyer identified

Nov. 03, 2021 19:43 PM EDT

LAS VEGAS (AP) — Casino giant MGM Resorts International said Wednesday it's looking to sell the operations of The Mirage hotel on the Las Vegas Strip, but no buyer was identified. In a letter released along with quarterly earnings, CEO Bill Hornbuckle said the process...

Fossil fuel divestment gains momentum in philanthropy

Nov. 01, 2021 09:58 AM EDT

A movement to divest from fossil fuel is gaining support among foundations as activists push for funding to be shifted away from coal, oil and natural gas. The call from activists to the charitable world is simple: Ditch fossil fuels and direct your investments into...

Biden ties Republican in race for Va. governor to Trump

Oct. 27, 2021 00:07 AM EDT

ARLINGTON, Va. (AP) — President Joe Biden framed the Virginia governor’s race as a repudiation of his predecessor, tying the Republican candidate to former President Donald Trump as he campaigned for Democrat Terry McAuliffe in what's become a tight and increasingly bitter campaign. ...

Biden ties Republican in race for Va. governor to Trump

Oct. 26, 2021 21:18 PM EDT

ARLINGTON, Va. (AP) — President Joe Biden framed the Virginia governor’s race as a repudiation of his predecessor, tying the Republican candidate to former President Donald Trump as he campaigned Tuesday night for Democrat Terry McAuliffe in what's become a tight and increasingly bitter...

Chinese tax agency investigating high-profile developer

Oct. 22, 2021 08:27 AM EDT

BEIJING (AP) — The Chinese government said Friday it is investigating possible tax evasion by a subsidiary of high-profile real estate developer SOHO China Ltd., the target of an aborted takeover attempt this year by Blackstone Group. The announcement comes amid a...

Blank slate to best hope: Can Youngkin rescue the Va. GOP?

Oct. 22, 2021 06:03 AM EDT

RICHMOND, Va. (AP) — When Glenn Youngkin threw his hat and his cash into the Republican nominating contest for Virginia governor this year, he was a rich former private equity executive with no experience as a candidate, and few insider connections or public political views. ...