The retailer that recently declared bankruptcy was formerly owned by the two PE majors KKR and Bain Capital, who have decided to jointly pledge $10mn each to create the TRU Financial Assistance Fund – a response to an extraordinary set of circumstances, according to both firms. “The confluence of the...
After announcing their Fintech Innovation Program collaboration in July, Oracle and B-Hive are taking their next step to jointly launch a fast-tracked monetisation ecosystem program for mature startup and scaleup fintechs, called FintechScaleUp. The program will be the first outcome of the new collaboration. Oracle and B-Hive aim to maximise business opportunities for mature fintech startups and scaleups while minimising the time in the market through a...
Global ports operator DP World believes international trade tensions such as those between the United States and China will make 2019 challenging but not unmanageable, its chairman said on Sunday. The Dubai government-controlled ports operator cautioned in August about geopolitical risks and changes in trade policies as first-half profit fell...
Japan Airlines announced it will enact stricter measures to monitor its crew members' alcohol consumption after the carrier's pilots failed multiple alcohol tests over the past year. The Japanese flag carrier will introduce more advanced breathalyzers for its domestic and international crews by Monday, November 19, The Asahi...
Bombardier Inc's top executives met with investors in Montreal on Friday after a disappointing free cash flow forecast and regulatory action, which sent the plane and train maker's shares down 23 percent in afternoon trading, two sources familiar with the matter said. The Montreal meeting with Bombardier Chief Executive Alain...
Karey Burke will replace Channing Dungey as president of Walt Disney's ABC Entertainment, the company said on Friday. Burke is currently head of original programming for Disney's cable channel Freeform. Dungey, the first African-American to lead a U.S. broadcast network, will stay through a transition period as Burke assumes her new...
Jeremy Grantham, the cofounder and chief investment strategist at the $71 billion Grantham, Mayo, & van Otterloo, has become a world-renowned market voice by calling every modern financial bubble — including the past two stock meltdowns. Grantham shares his thoughts on how to play a bubble and explains...
Robert Lighthizer is the US Trade Representative spearheading President Donald Trump's trade war with China. According to a new Bloomberg profile, Lighthizer has been a hard-charging trade negotiator since the 1980s. In one instance, Lighthizer smoked an entire box of Cuban cigars in a windowless room to throw...
The number of housing starts increased in August, after two consecutive monthly declines. In the near term, housing starts numbers will decrease due to Hurricane Florence. But longer term, housing demand will continue to be boosted by a growing economy, strong labor market, and demographic tailwinds from millennials. ...
JPMorgan's Global Co-head of M&A: "A prolonged trade war will, of course, mean large cross-border deals are more difficult and harder to get across the line." "We’re already seeing signs that geopolitical risks, including trade tensions, are dimming the prospects for large-scale M&A going into next year." Global...