By Svea Herbst-Bayliss BOSTON (Reuters) -Centene Corp reached a deal with activist investment firm Politan Capital Management in which five new directors will join the managed care company’s board and its chief executive will retire in 2022 after serving for a quarter of a century. Six board members will be leaving and Michael Neidorff, 77, …
Centene settles with activist Politan, overhauls board, CEO to exit Read More »
By Chibuike Oguh and Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group has bought a minority stake in Nautic Partners, a middle-market private equity firm that invests mainly in healthcare, industrials and services companies, two sources familiar with the matter told Reuters. One of the world’s biggest private equity firms, Blackstone bought the stake through …
Blackstone takes stake in private equity firm Nautic Partners -sources Read More »
(Reuters) – U.S. banks have been more proactive than other industries in encouraging employees back to the office, but those plans have come under renewed scrutiny due to the rapid spread of the Omicron variant, with Jefferies Financial Group last week reversing course due to a COVID-19 outbreak among employees. Most major U.S. banks have …
Factbox-U.S. banks tighten COVID-19 precautions as Omicron variant spreads Read More »
By Svea Herbst-Bayliss BOSTON (Reuters) -Activist investment firm Land & Buildings Investment Management is seeking a seat on the board of American Campus Communities (ACC), according to an open letter to shareholders, and believes the company needs to sell assets aggressively and buy back stock. Land & Buildings, which generally pushes for changes at real-estate …
Activist Land & Buildings to seek seat on American Campus Communities board Read More »
By Fernando Kallas MADRID (Reuters) -Spain’s top soccer clubs have approved a 1.994 billion euro investment from private equity fund CVC Capital Partners in the first deal of its kind in Europe, though four clubs – including Barcelona and Real Madrid – opted out. On Friday 37 clubs voted in favour of the “LaLiga Boost” …
Soccer-Spain’s LaLiga clubs approve CVC 1.9 billion euro capital injection Read More »
By Mark Miller (Reuters) – As a journalist covering retirement, I have written dozens of stories over the years about the ins and outs of Medicare enrollment. But when the time came recently for yours truly to sign up I discovered there was still plenty left to learn. And let me just say this: the …
Column-Road to Medicare enrollment paved with unexpected twists -a first-hand account Read More »
By Chris Taylor NEW YORK (Reuters) – When it comes to holiday tipping, is America a nation of Scrooges? That is what Ted Rossman wondered. When CreditCards.com recently polled Americans about how much they planned to tip service workers this holiday season, the site’s senior industry analyst saw the numbers before anyone else – and …
Four ways to navigate the holiday tipping vortex Read More »
By David Randall NEW YORK (Reuters) – A new socially focused fund from star stock picker Cathie Wood’s ARK Invest rose 1.5% in its first day of trading Wednesday. The ARK Transparency ETF, which the firm says will focus on the “100 most transparent companies in the world,” gained ground on the strength of top …
Cathie Wood’s newest ARK ETF rises in first day of trading Read More »
BARCELONA (Reuters) – Barcelona and Real Madrid threatened new legal action should a plan by the country’s top soccer league to accept a cash injection from private equity fund CVC move forward, saying on Tuesday it was both illegal and too costly. Spain’s two largest soccer clubs together with Athletic Bilbao – which are all …
Barcelona, Real Madrid say CVC investment in LaLiga is illegal Read More »
By Maria Chutchian (Reuters) -Members of the Sackler family on Monday said billions of dollars they collected from Purdue Pharma before the company filed for Chapter 11 was the result of extra cash, not part of a “secret plan” to abuse the bankruptcy system. In court papers, lawyers for the Sackler family members, who controlled …
Sackler family says billions collected from Purdue not abuse of bankruptcy law Read More »
