private equity

Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

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Blackstone Hiked Rent Prices At Double The Market Rate in San Diego, Allegedly Uses RealPage’s Rent Fixing Software: Report

RealPage is facing an investigation for colluding with homeowners using its proprietary software to abnormally hike rents nationwide. Expect Best/Pexels.com Blackstone is the largest alternative asset manager in the world, with over $1 trillion in assets under management. The recent “Helter Shelter: How Blackstone Contributes to and Profits from California’s Broken Housing System” report from … Read more

Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

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Local journalism in Atlantic Canada in trouble as company known to ‘slash and burn’ buys dozens of newspapers

If you want to understand the struggling local news landscape, look no further than Atlantic Canada, where a takeover has kept the region’s largest newspaper publisher in operation, but still leaves local journalism in a tenuous state. Toronto-based Postmedia, whose titles include the National Post and the Montreal Gazette, has taken over the financially insolvent SaltWire … Read more

NFL set to allow private equity firms to buy up to 10% of clubs

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NFL set to allow private equity firms to buy up to 10% of clubs

The National Football League will reportedly approve a new rule allowing team owners to sell a piece of their franchises to private equity firms — setting the stage for a potential windfall that could drive up the value of clubs by billions of dollars. The owners, who began their annual meeting on Tuesday, are weighing … Read more

Here’s How Much Net Worth You Need To Join The Top 2% Of America’s Wealthiest

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Here’s How Much Net Worth You Need To Join The Top 2% Of America’s Wealthiest

Financial success is often viewed as a critical indicator of achievement, and understanding wealth benchmarks is a crucial tool for gaining valuable insights into economic stratification. Wondering how much net worth it takes to ascend into the upper echelons of America’s wealthiest is a very common thought. However, figuring out where you stand on the … Read more

U.S. private equity firm to buy Héroux-Devtek in deal valued at $1.35B

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U.S. private equity firm to buy Héroux-Devtek in deal valued at .35B

Aircraft landing gear maker Héroux-Devtek Inc. says it has signed a deal to be acquired by U.S. private equity firm Platinum Equity Advisors LLC in a deal valued at $1.35 billion. Under the agreement, Platinum Equity will pay $32.50 in cash per share for the company.  Based in Longueuil, Que., Héroux-Devtek is one of the … Read more

Steve Cohen’s Point72 to Raise $1 Billion for Launching AI-focused Hedge Fund

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Steve Cohen’s Point72 to Raise Billion for Launching AI-focused Hedge Fund

New York Mets owner and CEO Point72 Steven A. Cohen, 67, recently disclosed that he is bullish on AI’s long-term prospects and described it as a “really durable theme” for investing. According to sources, he plans to launch a separate, AI-focused hedge fund that trades AI hardware and semiconductor firms worldwide. The asset management firm … Read more

Defunct Lynx Air selling off life-jackets, oxygen masks in bid to recoup losses

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Defunct Lynx Air selling off life-jackets, oxygen masks in bid to recoup losses

Lynx Air hopes to sell off everything from life-jackets to oxygen masks as it tries to recoup a portion of the losses it incurred before filing for creditor protection earlier this year. In court filings last week, the defunct discount carrier said it has worked out deals with a pair of aviation companies abroad to … Read more

Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

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Seafood chain Red Lobster will ask Canadian court to enforce U.S. bankruptcy in Canada

Days after Red Lobster filed for Chapter 11 bankruptcy and announced that it would close dozens of its seafood restaurants, the chain’s Canadian counterpart will ask a Canadian court to enforce the U.S. bankruptcy in Canada, CBC News has learned. An application will be brought before the Ontario Superior Court of Justice on May 28 … Read more

Paramount mulls removing CEO Bob Bakish amid Skydance sale talks

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Paramount mulls removing CEO Bob Bakish amid Skydance sale talks

Paramount Global is reportedly considering dumping longtime CEO Bob Bakish and replacing him with a group of executives as the entertainment giant inches closer to a deal with Skydance Media. Bakish, who has been privately critical of the company’s talks to merge with Skydance, would be replaced on an interim basis with an “Office of … Read more

Junior bankers say they’ll quit after bonuses fall

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Junior bankers say they’ll quit after bonuses fall

It’s a tale of two Wall Streets. Hundreds of thousands of junior bankers are cutting back after their bonuses were a bust this year. But the very top of the 1% is living large thanks to the stock market surging and Bitcoin soaring — meaning their inflation-beaten bonuses didn’t affect their wealth. The stock market’s … Read more