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Joshua Franklin

Lehman Brothers workers share memories 10 years after the fall

Sep 21 2018

NEW YORK Ex-employees of Lehman Brothers Holdings Inc met at Irish pubs near their former office in Midtown Manhattan on Thursday night to reminisce 10 years after the bank's collapse, in gatherings with the atmosphere of high school reunions despite marking the largest failure of the financial crisis.

Blackstone looks to manage $1 trillion by 2026

Sep 21 2018

NEW YORK Blackstone Group LP , the world's largest manager of alternative investments such as private equity and real estate, said on Friday it could be overseeing $1 trillion in assets by 2026.

Exclusive: First Reserve plans $3 billion buyout fund as energy rebounds - sources

Sep 13 2018

NEW YORK First Reserve Management LP is seeking to raise $3 billion for a new buyout fund, making it the latest energy-focused private equity firm moving to capitalize on an oil price recovery that is fuelling new investor appetite for the sector, people familiar with the matter told Reuters on Thursday.

In Tesla's shadow, China's NIO raises $1 billion from IPO: sources

Sep 12 2018

NEW YORK/HONG KONG Chinese electric vehicle start-up NIO Inc priced its shares near the bottom of its targeted price range in its U.S. initial public offering, according to sources familiar with the matter, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .

Exclusive - TV ratings provider Nielsen expands review to include company sale

Sep 11 2018

Nielsen Holdings Plc will expand a review of strategic alternatives to include a sale of the entire TV ratings company, the firm told Reuters on Tuesday, after coming under pressure to do so from hedge fund Elliott Management Corp.

Exclusive: TV ratings provider Nielsen expands review to include company sale

Sep 11 2018

Nielsen Holdings Plc will expand a review of strategic alternatives to include a sale of the entire TV ratings company, the firm told Reuters on Tuesday, after coming under pressure to do so from hedge fund Elliott Management Corp.

RPT-EXCLUSIVE-Chinese e-commerce portal Yunji Weidian taps banks for U.S. IPO -source

Sep 05 2018

Sept 5 Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday.

Exclusive: Chinese e-commerce portal Yunji Weidian taps banks for U.S. IPO - source

Sep 05 2018

Chinese e-commerce portal Yunji Weidian has hired investment banks for an initial public offering it plans to launch in the United States early next year, a source with direct knowledge of the matter said on Wednesday.

Getty family to regain control of photo agency

Sep 04 2018

The Getty family said on Tuesday it would acquire Carlyle Group LP's majority stake in Getty Images Inc, ending ten years of private equity control that contributed to the U.S. photo agency's debt pile swelling.

World News

As U.S. sanctions near, Europe fails to protect Iran deal

At a meeting in Washington after Donald Trump pulled out of the Iran nuclear deal in May, a senior U.S. official told European diplomats that their efforts to save the deal by protecting EU investment in the Islamic republic were pointless.