Turnaround Expert KPS Raises $9.7 Billion for Buyout Funds
The firm secured premium terms for funds to back businesses facing supply-chain disruptions and higher interest rates.
Ex-Skadden Restructuring Head Teams With UBS Finance Veteran to Form Advisory Firm
New restructuring firm Smith Goffman Partners will offer financial advisory and merchant banking.
Beware a Chinese Fall Stall
Sudden weakness in October purchasing managers indexes raises the prospect of another stall-out like the one that derailed China’s recovery this spring.
Why a 2023 Virginia Election Is a Proving Ground for 2024
In state legislative races next week, both parties are testing their messaging ahead of the presidential race.
GSK Raises Profit Guidance
GSK said it now expects adjusted operating profit to increase between 13-15% after it reported a rise in net profit in the […]
Bond Investors Seen Yearning for Year-End Recovery
Bond investors are hoping for a year-end recovery, Commerzbank Research said, “as sentiment remains shaky, hopes among bond investors are running high […]
Orsted Books Impairments, Walks Away From U.S. Offshore Projects
Orsted booked a $4 billion impairment charge in the third quarter related to its U.S. offshore wind portfolio and said it will […]
Toyota Motor Nearly Tripled Second-Quarter Profit
Toyota Motor raised its full-year earnings guidance after saying second-quarter net profit nearly tripled from a year earlier, as sales grew thanks […]
BHP CEO Says Jury’s Out on China Recovery, But Commodity Demand Robust
The chief executive of mining giant BHP Group took a cautious tone on China as latest data stoked concerns about the fragility […]
Tensions between the U.S. and Chinese militaries continue to simmer even as Biden and Xi prepare for a likely summit in San Francisco in November.
Tensions between the U.S. and Chinese militaries continue to simmer even as Biden and Xi prepare for a likely summit in San […]
After a Boom and Bust, Chip Industry Is Regaining Its Health
Intel, Samsung and others see a semiconductor rebound as tech demand starts to recover.
China’s Property Developers Cut Prices—and Homeowners Are Resisting
Local governments are grappling with the challenge of allowing home prices to fall.