Bloomberg Business

Apollo Tries to Salvage Amazon Aggregator Investment With Sale

Apollo Global Management Inc. is trying to salvage an ill-timed bet it made two years ago on Amazon.com Inc. aggregators, companies that scooped up popular online brands and are now teetering after the pandemic-fueled sales boom evaporated.

Glen Point Co-Founder Must Face October Trial in Fraud Case

Glen Point Capital co-founder Neil Phillips must face US charges that he tried to manipulate the foreign exchange market, clearing the way for an October trial in a closely watched case over a once-widespread practice employed by currency traders.

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