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United States

Jessica DiNapoli

UPDATE 1-Catalyst Capital to buy about 10% stake in Hudson's Bay

10:40am EDT

Aug 19 Buyout firm Catalyst Capital Group Inc said on Monday it will acquire a significant stake in Hudson's Bay Co, a move that could block the department store's executive chairman's plans to take it private for C$1.74 billion.

Founder's grip on WeWork may be hard for investors to stomach

Aug 14 2019

NEW YORK Investors in the upcoming initial public offering of WeWork's parent, The We Company, are being asked to lower their standards for corporate governance beyond what other technology startups have demanded, securities law experts said on Wednesday.

U.S. SEC to consider new guidance on investor use of proxy advisors

Aug 13 2019

WASHINGTON The U.S. Securities and Exchange Commission (SEC) on Tuesday said it would hold a meeting next week on whether to publish new guidance regarding the responsibilities of investors when relying on so-called proxy advisors.

For J.C. Penney CEO, debt haunts turnaround bid

Aug 06 2019

NEW YORK J.C. Penney Co Inc’s stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. 

UPDATE 1-MOVES-Ex-Evercore activism defense banker moves to Bank of America -sources

Aug 02 2019

NEW YORK, Aug 2 Bank of America Corp has hired former Evercore Inc banker Amy Lissauer to become its global head of activism and raid defense, a spokesman for the bank confirmed on Friday.

Executive recruiting firm Russell Reynolds hires sustainable investing expert

Jul 24 2019

Executive recruiting consultancy Russell Reynolds Associates said it had hired Andrew Droste, a specialist in environmental, social and governance (ESG) risks facing companies, to bolster its board and CEO advisory practice.

Exclusive: J.C. Penney taps debt restructuring advisers - sources

Jul 19 2019

J.C. Penney Co Inc has hired advisers to explore debt restructuring options that would buy more time for the money-losing U.S. retailer to forge a turnaround, people familiar with the matter said on Thursday.

Exclusive: Barneys New York explores options that include bankruptcy - sources

Jul 13 2019

NEW YORK U.S. luxury department store operator Barneys New York Inc is exploring options that include a bankruptcy filing, as it struggles with high rents and changing consumer tastes, people familiar with the matter said on Saturday.

RPT-FOCUS-Hudson's Bay's chairman's buyout bid pits retail vs real estate

Jun 24 2019

June 23 The success of Hudson's Bay Co Executive Chairman Richard Baker's $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said.

Unit at Philadelphia refinery completely destroyed in fire: sources

Jun 23 2019

The alkylation unit involved in a massive fire on Friday at Philadelphia Energy Solutions Inc's oil refinery has been completely destroyed, which will hamper the supply of gasoline from the U.S. East Coast's largest refinery, sources familiar with the matter said on Sunday.

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