Rare Hurricane-Like Storm Blamed for Libya Deaths, Floods
The powerful storm that ripped into Libya days ago touching off floods that killed thousands is being called a rare “medicane.”
Bloomberg Business
Trains Between NYC’s Penn Station, New Jersey Facing Delays
Amtrak and New Jersey Transit trains operating between New York’s Penn Station and New Jersey are experiencing delays due to a disabled commuter train.
Schonfeld Halves Fee to Lure Hedge Fund Clients into New Lock-in
Schonfeld Strategic Advisors is offering a hefty fee discount to clients in its equity hedge fund if they accepted new terms under which it would take them as long as two years to withdraw all their capital.
Bankers Scrap for a Piece of $3.1 Billion Gas Station Deal
Calls go into Clayton, Dubilier & Rice as leveraged loans and junk bonds are considered for possible Morrisons sale to MFG.
Sunak Risks Tory Backlash With Review of UK Pensions Guarantee
The UK government is considering changes to the way the “triple-lock” for state pensions is calculated next year amid an escalating debate over whether the policy is fair and affordable.
Citi’s Family Office Clients Are Hunting for Direct Investments
Citigroup Inc.’s family office clients are continuing to hunt for direct investments in private markets as they target bargains amid a shifting macroeconomic landscape.
Lyft to Pair Women Riders to Women Drivers in Safety Feature
Lyft Inc. is launching a feature that will try to prioritize matches between women and non-binary riders and drivers in response to demand for increased safety protections for its users.
Smurfit Kappa, WestRock Join in $11 Billion Packaging Deal
Smurfit Kappa Group Plc agreed to acquire WestRock Co. in an $11.2 billion deal that creates an Irish-American packaging industry powerhouse.
Franklin Templeton Joins Race to Offer US Spot Bitcoin ETF
Franklin Templeton has joined fellow asset manager powerhouses Fidelity and BlackRock in the race to win approval to offer the first US exchange-traded fund that invests directly in Bitcoin.
Oil Majors Keen to Expand at Colombia Gas Blocks, Ecopetrol Says
International oil majors are pushing to expand production at natural gas projects off Colombia’s Caribbean coast, Ecopetrol SA Chief Executive Officer Ricardo Roa said in an interview.
