Medical Properties Trust, the country’s largest hospital landlord, said it would record about $350 million of write-downs related to its largest tenant, which had fallen behind on its rent, and hired a well-known restructuring adviser. MPT, which had long supported Dallas-based Steward Health Care System, said more write-downs are possible. The news, released Thursday after … Read more
Published: Dec. 18, 2023 at 2:27 a.m. ET By Ian Walker Unilever is selling the Elida Beauty business to Yellow Wood Partners for an undisclosed sum, as part of the company’s plan to optimize its personal care portfolio and grow its power brands. The Anglo-Dutch consumer goods company–which houses Ben & Jerry’s ice cream and … Read more
In 2021 alone, more than 1,500 British companies – many of them household names – vanished into private hands including supermarket chain Morrisons, defence supplier Ultra Electronics, and security giant G4S. Private equity chalked up $1.3tr worth of deals worldwide – shattering the previous high of $670bn set in the year before Lehman Brothers imploded. … Read more
U.S. inflation cooled in October, which some investors took as a strong signal that the Federal Reserve is done raising interest rates. This optimism fueled demand for long-dated Treasuries, which drove the price of the largest U.S. long-dated bond exchange-traded fund higher. The $49.2 billion iShares 20+ Year Treasury Bond ETF (ticker: TLT) closed Tuesday … Read more
Jon Gray, the president of Blackstone Group, the world’s biggest alternative asset investment firm with $1tn under management, is watching for signs of an economic slowdown in the coming months. “So I think the Fed is going to slow the economy. And that’s really their objective, right?” Gray said in an interview with Private Equity News’ sister … Read more
The bulk of the Palestinian militant group’s funding is provided by foreign governments, a former US counter-terrorism financial analyst told Euronews. ADVERTISEMENT The US Treasury Department has imposed two rounds of sanctions on key Hamas-linked officials and financial networks in the past two weeks, following the 7 October attacks on Israel. The measures target the … Read more
Banks Follow-Up By Jacob Sonenshine Oct 10, 2023, 12:27 pm EDT Share Reprints Financial (TFC) stock is rising following reports that it will sell its insurance business. The stock remains a buy. Continue reading this article with a Barron’s subscription. View Options Source link credite
The 11% Yield That Isn’t in Your Mutual Fund The Wall Street Journal Source link
Startups Hunker Down in Europe as Funding Shrivels The Wall Street Journal Source link