New York Congestion Pricing Gets Initial Green Light From DC
New York’s congestion pricing plan passed a major milestone on Friday after receiving a green light from the Federal Highway Administration.
Bloomberg Business
Kimora Lee Says $93 Million US Wants From Tim Leissner Is Hers
Kimora Lee, the former model and ex-wife of former Goldman Sachs Group Inc. banker Tim Leissner, claims that shares worth about $93 million that he was ordered to forfeit as part of his 1MDB guilty plea actually belong to her.
Black-Owned Firm Claims Discrimination by AT&T Over $4.6 Billion Cricket Bid
A Black-owned private equity firm accused AT&T Inc. of discrimination for rejecting a $4.6 billion bid in 2019 for a majority stake in the Cricket Wireless business.
Diet Brand Jenny Craig to Liquidate Following Failed Sale Effort
Weight loss brand Jenny Craig Inc. will soon begin liquidating its US operations, according to people familiar with the matter, who asked not to be named because the matter is private.
FDIC Mulls Loss-Sharing With Nonbanks to Boost Bids on Failures
The Federal Deposit Insurance Corp. is considering whether to offer loss-sharing agreements to private equity firms and other nonbanks that acquire parts of failed lenders, after the regulator was left holding a large portfolio of Signature Bank loans following its collapse.
Walmart Names First Woman, Person of Color as Chief Merchant
Walmart Inc. named company veteran Latriece Watkins as its chief US merchandising officer, giving her one of the most influential jobs in retail after a year of rapid shifts in consumer demand.
TPG Is In Talks to Buy Credit, Real Estate Firm Angelo Gordon
TPG Inc. is in talks to acquire investment firm Angelo Gordon, which would be its first major foray into credit investing since separating from Sixth Street three years ago, according to people with knowledge of the matter.
Discount Retailer Christmas Tree Shops Files for Bankruptcy
Christmas Tree Shops Inc. filed for bankruptcy — less than three years after Bed Bath & Beyond Inc. sold the discount retailer — with plans to shutter some underperforming stores.
World’s Biggest Blue-Bond Swap Emerges to Protect the Galapagos
The world’s biggest ocean friendly debt swap is coming together in Ecuador, with Credit Suisse Group AG offering a yield of less than 6% on a new bond, according to people familiar with the matter.
Egypt Gets First Fitch Downgrade Since 2013 as Economy Stumbles
Egypt was downgraded by Fitch Ratings for the first time in a decade after a series of currency devaluations and lack of significant reforms sent the North African nation’s economy reeling.