Michael J. de la Merced
Posts
Robert Day, Financier and Philanthropist, Dies at 79
An heir to an oil fortune, he built his own empire with TCW Group and was an influential California donor, including to his alma mater,...
Cisco to Buy Splunk, a Software Company, for $28 Billion
The largest deal Cisco has ever announced moves it further away from its roots in network hardware and into higher-margin software subscriptions.
UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing...
Tottenham Hotspur Owner Joe Lewis Is Charged in U.S. With Insider Trading
Federal prosecutors in Manhattan accused the British billionaire of illegally funneling nonpublic information to associates to trade on.
Tottenham Hotspur Owner Joe Lewis Is Charged in U.S. With Insider Trading
Federal prosecutors in Manhattan accused the British billionaire of illegally funneling nonpublic information to associates to trade on.
Blackstone Becomes First $1 Trillion Private Equity Manager
Passing that milestone puts the firm in the same league as mutual fund behemoths and banking giants.
Kim Kardashian’s Skims Is Now Worth $4 Billion
As the apparel company prepares to expand into physical stores and men’s clothing, its latest funding round may spur questions about when it intends to...
SoftBank’s Masayoshi Son Shifts to ‘Offense’ in A.I. Race
After lying low last year and “crying for days,” the founder and chief executive of the tech conglomerate said that he was excited again about...
Crispin Odey and His Hedge Fund Rocked by Sexual Assault Allegations
After accusations were published in Britain, Crispin Odey was severed from his own investment firm, which is now dissolving itself.
George Soros Gives Control of His $25 Billion Foundation to His Son
Alex Soros will take the reins of Open Society Foundations, a grant-making network, from his father, whose support of liberal causes has long made him...