Asset managers like it when bull markets push the value of their holdings higher, as it typically means more fee revenue for them. Affiliated Managers Group (NYSE: AMG) has made strategic moves to complement the upward impact of a rising market, and its success has helped send its stock to […]
FOX Business News
German experts work to free ship grounded after storm
BERLIN – German rescue experts were working to free a cargo ship that ran aground on a North Sea sandbank during a weekend storm, while the country’s railway pressed Monday to reopen several train lines. Continue Reading Below High winds lashed Central Europe on Sunday as Storm Herwart passed through, […]
Russian journalist thanks supporters after stabbing attack
MOSCOW – A Russian journalist who was put into a coma after a stabbing attack by a man who targeted her thanked supporters Monday in her first statement from the hospital. Continue Reading Below Tatyana Felgenhauer, a top host and deputy editor-in-chief at Ekho Moskvy, Russia’s only independent news radio […]
Railroad sues over millions of rail ties it calls defective
ATLANTA – One of the nation’s largest railroads says it must replace millions of defective wooden railroad ties under its tracks because they’re degrading faster than expected. Continue Reading Below In a federal lawsuit, Norfolk Southern Railway blames an Alabama company of failing to use proper protective coating on more […]
US consumer spending surges 1 percent in September, strongest gain in 8 years
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Spanish prosecutors seeking charges of rebellion, sedition and embezzlement against ousted Catalan Cabinet officials
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Strayer to acquire Capella Education in $1.9B deal
HERNDON, Va. – Strayer Education is tying up with Capella Education in a deal worth about $1.9 billion under an administration that looks much more favorably at non-profit schools that had come under a harsher spotlight in recent years. Continue Reading Below The two schools, however, stood out from others […]
Lennar buys CalAtlantic for $5.7B with housing sales red hot
NEW YORK – Lennar is buying CalAtlantic Group in a $5.7 billion deal that will create the nation’s largest homebuilder as sales of new homes reach levels not seen in a decade. Continue Reading Below The acquisition, which also includes $3.6 billion in debt, creates a company with a footprint […]
Lennar to buy CalAtlantic Group in about $9.3b deal
Lennar said on Monday it would buy smaller rival CalAtlantic Group in a stock-and-cash deal valued at about $9.3 billion, including debt, to create the largest homebuilder in the United States. Continue Reading Below CalAtlantic’s shares were up 8.8 percent at $44 in premarket trading, while Lennar’s shares were untraded. […]
AP sources: Education Dept. could scale back help on loans
WASHINGTON – The Education Department is considering only partially forgiving federal loans for students defrauded by for-profit colleges, according to department officials, abandoning the Obama administration’s policy of erasing that debt. Continue Reading Below Under President Barack Obama, tens of thousands of students deceived by now-defunct for-profit schools had over […]