Tag: Investment management

Alden puts its stamp on Tribune with new debt and leadership

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Hedge fund Alden Global Capital closed its deal for Tribune on Monday. It wasted little time installing new leadership and saddling the newspaper chain...

Tribune shareholders to vote on hedge fund Alden’s bid

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Shareholders of Tribune Publishing, one of the country’s largest newspaper chains, will vote Friday on whether to be acquired by a hedge fund that...

Angela Missoni resigns after 24 years as creative director

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MILAN — Angela Missoni is leaving the role of creative director after 24 years at the Missoni fashion house founded by her parents, Ottavio...

Cyprus president unveils ‘ambitious’ economic stimulus plan

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NICOSIA, Cyprus — Cyprus' president on Monday unveiled a 4.4 billion-euro ($5.34 billion) economic stimulus plan, which he described as the “most ambitious ever”...

Former investment executive gets 3 months in college scam

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BOSTON — A former private equity executive who cofounded an investment fund with U2′s Bono was sentenced Wednesday to three months in prison for...

Fed warns US financial system remains vulnerable to threats

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WASHINGTON — The Federal Reserve is warning that the U.S. financial system remains vulnerable to threats stemming from the global pandemic, including the possibility...

Gap to sell Intermix clothing chain to private equity firm.

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NEW YORK — Gap Inc. has signed a deal to sell the upscale clothing chain Intermix to private equity firm Altamont Capital Partners. ...

New Deal: Colorado-national consortium buys community papers

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DENVER — The Colorado Sun, a Denver-based online news operation created three years ago by journalists who left The Denver Post, has partnered with...

Largest firefighting plane may be sold for COVID-19 response

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DENVER — As Western states prepare for this year’s wildfire season, the world’s largest firefighting plane has been grounded and could be converted to...

Italian arms firm Leonardo buys stake in Germany’s Hensoldt

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BERLIN — Italian arms manufacturer Leonardo said Saturday that it is buying large stake in Germany company Hensoldt from the U.S. investment firm KKR. ...