Federal Trade Commission Chair Lina Khan is going after a common acquisition strategy for private equity firms, putting the industry on notice with a new lawsuit that US regulators are scrutinizing “roll-up” deals involving small companies that compete in local markets.
The Canadian province of Alberta took a step toward pulling out of the national pension plan with the release of a report that says its residents are entitled to more than half of the fund’s assets.
A hedge fund manager who made a name for himself shorting fossil fuel stocks says the strategy is no longer viable, as oil’s ascent proves too strong to fight.
A consortium backed by Blackstone Inc. is exploring a potential acquisition of European online classifieds company Adevinta ASA in what would be one of the year’s biggest buyouts, people with knowledge of the matter said.
Oil steadied as a broad, risk-off sentiment eroded gains driven by Russia’s ban on gasoline and diesel exports, further tightening an already stressed global fuel market.
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