News Highlights: Top Company News of the Day
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
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
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
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
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)
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