Southwest Airlines Co. canceled more than two-thirds of its flights Monday and plans to slash its schedules Tuesday and Wednesday, in a meltdown that stranded thousands of customers and that worsened while other airlines Read more
Tag: Private Equity
Saudi crown prince set to invest in Credit Suisse’s new investment bank
Saudi Arabia’s crown prince and a U.S. private-equity firm run by Barclays PLC’s former chief executive are among investors preparing to invest $1 billion or more into Credit Suisse’s CSGN, +6.81% Read more
Credit Suisse strikes deal to sell securitized-products group to Apollo
Credit Suisse Group AG has entered into definitive transaction agreements to sell a large part of its securitized-products group and other financing businesses to Apollo Global Management Inc. as it Read more
Softbank discloses $100 million investment in FTX but mostly avoids crypto bets
SoftBank on Friday disclosed a $100 million venture capital investment in crypto broker FTX and said it would not face a material markdown in the value of it stake in Read more
FTX-Binance ordeal has not shaken venture capital confidence in crypto industry
Venture capitalists and investors are rethinking what it means to invest in crypto companies after a possible deal between two of the world largest crypto exchanges, FTX and Binance, collapsed Read more
FTX problems mean big headaches for its private equity investors
Privately-held FTX’s pending sale to its rival Binance could suck out billions in net worth not only from FTX founder Sam Bankman-Fried’s fortune, but also a deep bench of blue Read more
Walgreens subsidiary nears $9 billion deal to merge with Summit Health
A unit of Walgreens Boots Alliance Inc. WBA, +3.72% is nearing a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion Read more
Apollo says it bought a third of these assets dumped during U.K. financial market turmoil
Apollo Global Management said it swooped in to snap up discounted assets during recent financial market turmoil in the U.K. On a conference call to discuss Apollo’s APO, +5.16% third-quarter Read more
Blackstone buying Emerson unit in biggest LBO deal in months
Emerson Electric Co. is selling a majority stake in its climate-technologies business to Blackstone Inc. in a transformational deal for the industrial company that would value the unit at $14 Read more
Credit Suisse to sell parts of securitized assets to Apollo-led investor group, raise up to $4.06 billion via new shares
Credit Suisse Group AG outlined its latest strategic plan on Thursday, its latest attempt to rehabilitate its reputation after a series of scandals and multiple quarters of losses. The Swiss Read more