Japanese lift maker Fujitec explores sale to private equity

Talks with multiple groups including Sweden’s EQT have taken place in recent months

World - Financial Times - 6 hours ago

Secondary sales of private equity stakes set for record levels amid cash crunch

Once-niche market sees surge in activity with investors looking for an exit from ageing assets as deal activity slumps

Business - Financial Times - October 16

Boeing Explores Sale of Space Business

New CEO seeks buyers for Starliner and other NASA projects in quest to rescue manufacturer.

Business - The Wall Street Journal - 4 days ago

Carried interest: private equity’s tax break

The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunes

Business - Financial Times - 3 days ago

Private equity eyes a deal with Reeves on carried interest

Labour’s agenda highlights tension between raising taxes and courting internationally mobile financiers

World - Financial Times - Yesterday

Mubadala Capital sees chance to buy up large private equity stakes

Emirati unit raises $3.1bn for its latest fund hoping to appeal to groups looking to raise cash

Business - Financial Times - October 22

Private equity management fees fall to lowest level since records began

Fund managers are fighting to secure investors’ money in a tough environment

Business - Financial Times - October 22

Senators take aim at big private equity landlords as rents soar

With home and apartment rental costs soaring, four Democratic senators are calling for more scrutiny on Wall Street financiers snatching up rental homes.

UK tax raid on private equity could raise £1bn, say researchers

Analysis of HMRC data by Centre for the Analysis of Taxation comes as industry braces for Budget changes

Business - Financial Times - 5 days ago

Absolut Vodka Maker Pernod Ricard Posts Lower Sales

The French distiller experienced a slow start to its fiscal year, citing sharp sales declines in the key markets of China and the U.S. as the spirits industry faces a slowdown in consumption.

Business - The Wall Street Journal - October 17

American Airlines lifts 2024 profit forecast after sales strategy shift, posts third-quarter loss

American Airlines raised its profit forecast for the year as CEO Robert Isom said the company's sales strategy shift earlier this year is paying off.

Business - CNBC - 5 days ago

China is turning Japanese

At least that’s what the bond market is whispering

World - Financial Times - October 17

The widow-maker ETF

People just can’t stop themselves buying TLT

World - Financial Times - October 22

Uber explored takeover bid for Expedia

Buying travel website would be ride-hailing group’s biggest deal as it looks to diversify

Business - Financial Times - October 16

Pokémon maker confirms it was victim of hack

The makers of the hit video game series confirm their servers were accessed by hackers over summer.

Homeowners Tap Into Their Rising Home Equity

Balances on home equity lines of credit have risen along with home equity loans. Popular reasons for borrowing include home renovations and repairs and debt consolidation.

Business - The New York Times - October 18

A Japanese boy was killed in China. Was cyber-nationalism to blame?

The Chinese government has been accused of using online nationalism as a useful safety valve.

Meta fires staff for abusing $25 meal credits

Workers used benefits to buy acne pads, wine glasses and laundry detergent

Business - Financial Times - October 17

Japan plunged into political turmoil after voters punish ruling LDP

Coalition led by Prime Minister Shigeru Ishiba’s Liberal Democratic party loses parliamentary majority

Business - Financial Times - 2 days ago

Election setback for new Japanese PM Ishiba

World - Yahoo News - 2 days ago

FirstFT: Uber explored bid for travel website Expedia

Also in today’s newsletter, Kamala Harris locks horns with Fox News interviewer Bret Baier and Wall Street roars back

World - Financial Times - October 17

Ministers explore handing Post Office to sub-postmasters

The proposal is in its early stages and is one of many under consideration, sources told the BBC.

Ministers explore plan to hand Post Office to subpostmasters

Campaigner Alan Bates says mutualisation won’t work as organisation will continue to need government subsidies. Ministers want to turn the Post Office into a co-operative and have asked business ...

World - The Guardian - October 19

Cooper Hewitt’s Triennial Explores the Idea of Home

Starting in November, 25 new site-specific installations that explore the idea of home will fill the former Carnegie mansion in Manhattan.

Science - The New York Times - October 23

Cooper Hewitt’s Triennial Explores the Idea of Home

Starting in November, 25 new site-specific installations that explore the idea of home will fill the former Carnegie mansion in Manhattan.

Lifestyle - The New York Times - October 23

Two BBC documentaries explore the stark binaries of Trump

‘Trump: A Criminal Conspiracy’ outlines why many see the ex-president as a threat to democracy while ‘Trump: A Second Chance’ follows a group of his supporters

World - Financial Times - Yesterday

Early voting is surging across the U.S. Explore the data.

Early voting has begun in states across the country where voters are able to cast their ballots either in person or via mail.

The bear who was a private in the Polish army

The bear was enlisted into the Polish army and served alongside soldiers during World War Two.

Mega-mileage campervan fails to meet his maker

World - Yahoo News - October 18

Here’s Why Drone Maker DJI Sued the Pentagon

The China-based maker of more than half of all commercial drones in the U.S. went to court to fight its placement on a list of companies said to be working with the Chinese military.

Business - Inc. - October 21

Florida medical device maker Exactech declares bankruptcy

Exactech faces more than 2,000 lawsuits alleging it sold defective knee and hip implants.

Home equity loan dos and don'ts to know this November

Want to borrow from your home equity this November? Here's what you should (and shouldn't) do now.

Will a HELOC or home equity loan be better this November?

Not sure if a HELOC or home equity loan will be better for you this November? Here's what to consider now.

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