Investment management

June 14, 2019 - 2:20 pm
SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the...
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June 12, 2019 - 6:37 am
BERLIN (AP) — Global investment firm KKR is set to take a stake in Germany's Axel Springer, the publisher of the mass-circulation Bild daily, in what is described as a strategic partnership. Springer said Wednesday that a holding company owned by KKR-advised funds will launch a cash offer for...
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June 10, 2019 - 5:19 pm
SAN FRANCISCO (AP) — Private equity firm Apollo Global Management Photo is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But...
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April 30, 2019 - 4:12 am
CANBERRA, Australia (AP) — A major Australian media company announced on Tuesday it has agreed to sell 170 regional and rural newspapers for 115 million Australian dollars ($81 million). Nine Entertainment said it signed an agreement to sell the newspapers to shareholder Antony Catalano and Thorney...
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In this April 3, 2019, photo, former Nissan Chairman Carlos Ghosn, center, returns to his residence in Tokyo. Japanese prosecutors said Monday, April 22, 2019, they have indicted Nissan’s former chairman Ghosn with additional charges of breach of trust, with his alleged misconduct expanding outside Japan. (Mizuki Ikari/Kyodo News via AP)
April 22, 2019 - 5:49 am
TOKYO (AP) — Japanese prosecutors said Monday they have indicted Nissan's former chairman Carlos Ghosn with fresh breach of trust charges that expand their allegations of financial misconduct outside Japan. After the indictment, Ghosn's lawyers filed a request for his release on bail, the Tokyo...
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Founder of the Baring Vostok investment fund Michael Calvey is seen through a glass of a cage with a reflection of a police officer, in the court room in Moscow, Russia, Thursday, April 11, 2019. A Russian court has released from jail a US investor who faces charges of embezzlement and has placed him under house arrest. (AP Photo/Alexander Zemlianichenko)
April 11, 2019 - 11:03 am
MOSCOW (AP) — A Russian court on Thursday released from jail a U.S. investor who faces charges of embezzlement and placed him under house arrest. Michael Calvey had been behind bars since mid-February on charges of embezzlement from the Russian bank Vostochny, in which his investment firm Baring...
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Founder of the Baring Vostok investment fund Michael Calvey looks through a cage's class in the court room in Moscow, Russia, Saturday, Feb. 16, 2019. A Moscow court has ordered Baring Vostok's founder Michael Calvey to be kept in custody until April 13, 2019. (AP Photo/Alexander Zemlianichenko)
February 21, 2019 - 8:29 am
MOSCOW (AP) — The United States Embassy in Moscow has called on Russian authorities to allow its staff to visit a U.S. investment fund manager who has been jailed pending a fraud investigation. Michael Calvey, founder and senior partner at the Baring Vostok equity firm, was detained last week and...
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February 05, 2019 - 8:29 am
MILAN (AP) — Italian bank Intesa SanPaolo says its 2018 earnings increased by a modest 5 percent as it refocuses its business on asset management. The bank on Tuesday reported net income of 4 billion euros ($4.5 billion) compared with 3.8 billion euros a year earlier. Investments on financial...
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FILE- This Aug. 17, 2010, file photo shows William H. Gross founder and Managing Director of PIMCO at the Conference on the Future of Housing Finance at the Treasury Department in Washington. Janus Henderson Investors says that "Bond King" William H. Gross is retiring to concentrate on his personal assets and private charitable foundation. The 74-year-old Gross will retire on March 1. (AP Photo/Pablo Martinez Monsivais, File)
February 04, 2019 - 2:39 pm
DENVER (AP) — William H. Gross, the famed and colorful bond investor who once controlled the world's largest mutual fund, is closing his professional career of more than 40 years and retiring to focus on managing his personal assets and private charitable foundation. Gross, 74, was nicknamed the "...
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FILE - In this Oct. 21, 2018 file photo, former San Francisco 49ers quarterback Joe Montana speaks at a ceremony in Santa Clara, Calif. Hall-of-Fame quarterback Montana, looking to hit pay dirt in the legal marijuana industry, is part of a $75 million investment in a pot operator, it was announced Thursday, Jan. 24, 2019. San Jose, California-based said it will use the investment to grow a company that includes a farm, a retail store, distribution center and a delivery service. (AP Photo/Tony Avelar, File)
January 24, 2019 - 8:20 pm
SAN FRANCISCO (AP) — Hall of Fame quarterback Joe Montana, looking to hit pay dirt in the legal marijuana industry, is part of a $75 million investment in a pot operator, it was announced Thursday. San Jose, California-based Caliva said it will use the investment to grow a company that includes a...
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