Permira Completes €16.7 Billion Fundraising on Flagship Fund
Permira has completed a €16.7 billion ($17.7 billion) fundraising for its latest flagship fund, giving the UK private equity firm fresh ammunition for deals.
Bloomberg Business
Pentagon’s Budget Will Seek Big Increases for Weapons Buying and R&D
The spending plan President Joe Biden will propose Thursday includes what officials say is one of the nation’s largest peacetime defense budgets, with $170 billion for weapons procurement and $145 billion for research and development, both recent records.
Canaccord Investor Tries to Force Out Directors Who Are Resisting Buyout
A major shareholder of Canaccord Genuity Group Inc. is trying to force out a quartet of directors who are standing in the way of a leveraged buyout by management of the Canadian financial firm.
Ares Backs Toys ‘R’ Us Owner WHP Global at $1.6 Billion Valuation
WHP Global, the owner of the Toys “R” Us and Express retail brands, has secured $375 million in growth capital from private equity giant Ares Management Corp.
Investors Bet on Europe’s Inflation Matching US in Echo of Financial Crisis
The risk of persistently high inflation is starting to upend some of the basic assumptions in markets.
Snow in London as Cold Snap Puts Pressure on UK Energy System
A blast of arctic weather swept through the UK, bringing snow and ice to London and straining the country’s power and transport networks.
Network Rail Strikes Halted As UK Union Puts Offer to a Vote
Britain’s RMT union has called off a strike next week against Network Rail, after receiving a new pay offer.
Powell Repeats Warning That the Fed Is Prepared to Speed Up Rate Hikes If Needed
Federal Reserve Chair Jerome Powell repeated his warning that officials will speed up their pace of interest-rate increases if necessary to defeat high inflation.
Three Years After Covid Hit, Restaurants Are Still Desperate for Workers
More than 60% of establishments said in a recent survey that they’re understaffed.
Tesla Under Investigation After Steering Wheels Fall Off While Driving
Tesla Inc. is under investigation by US regulators over complaints the steering wheel can fall off certain new Model Y vehicles while they’re in use.
