Commercial Property Giant Moves Into Rental Houses 

Jones Lang LaSalle strikes pact with Roofstock, which manages rental properties for big investors and operates an online marketplace

Greensill Capital Planning to File for Insolvency in U.K. This Week 

The embattled financial startup plans to file for insolvency as it simultaneously moved toward a deal to sell its operating business to Apollo Global Management.

China's Tencent Becomes an Investment Powerhouse, Using Deals to Expand Its Empire 

A tech-market boom has yielded huge gains for Tencent, which has invested in hundreds of up-and-coming businesses and is now sitting on a portfolio worth roughly a quarter of a trillion dollars.

Private-Equity Group Led by BayPine Nears Deal to Buy Mavis Express Tire Services 

A group of private-equity firms led by BayPine is nearing a deal to buy Mavis Express Tire Services in a transaction that would value the auto-service chain at around $6 billion including debt.

Microsoft Warns of Chinese Hackers Targeting Email Product 

Microsoft said that the group, which it calls "Hafnium," is targeting vulnerabilities in versions of Exchange Server, an email and calendar application that runs on computer systems in physical offices.

Data-Integrity Company Precisely Gains New Majority Owners in $3.5 Billion Deal 

Private-equity firms Clearlake Capital Group-which first backed the company in 2015-andTA Associates are taking control from Centerbridge Partners.

Rio Tinto Chairman to Step Down Over Destruction of Ancient Caves 

Rio Tinto said Chairman Simon Thompson would step down because of its destruction of two ancient rock shelters in Australia last year, bowing to demands from some investors for greater accountability for the incident.

Prudential Mulls Up To $3 Billion Capital Raising 

Prudential is considering an equity raising of up to $3 billion through a global offering to institutional and Hong Kong retail investors, once its Jackson demerger has been completed.

Activision Blizzard Says Frances Townsend Will Oversee Compliance 

The former counterterrorism official under former President George W. Bush was named executive vice president for corporate affairs by the gaming company.

Hedge-Fund Manager Thomas Sandell Pays $105 Million New York Tax Settlement 

The New York attorney general's office said the agreement over alleged efforts to evade taxes amounts to the state's largest-ever recovery under the False Claims Act.


(END) Dow Jones Newswires

March 03, 2021 07:15 ET (12:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.