Investment management

FILE - In this Feb. 8, 2009 file photo, cranes off load containers at the Jebel Ali Port, in Dubai, United Arab Emirates. International port operator DP World reached a deal Thursday, Sept. 3, 2020, with one of Canada's biggest pension-fund managers to pour an additional $4.5 billion into their joint venture of ports and terminals. (AP Photo/Kamran Jebreili, File)
September 03, 2020 - 5:24 am
DUBAI, United Arab Emirates (AP) — International port operator DP World reached a deal Thursday with one of Canada’s biggest pension-fund managers to pour an additional $4.5 billion into their joint venture of ports and terminals. The new capital signals a major push to expand and brings the total...
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FILE - In this Dec. 13, 2019, file photo, Jennifer Lopez, left, and Alex Rodriguez sit courtside during an NBA basketball game between the Miami Heat and the Los Angeles Lakers in Miami. Rodriguez and Lopez have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets. The move was first reported by Variety and confirmed to The Associated Press by a person familiar with the decision who spoke on condition of anonymity because it was not announced. (AP Photo/Lynne Sladky, File)
August 28, 2020 - 10:10 pm
NEW YORK (AP) — Former major league star Alex Rodriguez and fiancee Jennifer Lopez have backed out of the bidding to purchase the New York Mets amid reports that the Wilpon family is finalizing a deal with billionaire hedge fund manager Steve Cohen. Rodriguez announced Friday night that despite “a...
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FILE - In this April 3, 2019 file photo, Manuel Henriquez arrives at federal court in Boston to face charges in a nationwide college admissions bribery scandal. Henriquez is scheduled to be sentenced via video on Wednesday, July 29, 2020, after pleading guilty. (AP Photo/Steven Senne, File)
July 29, 2020 - 4:01 pm
The founder of a Silicon Valley venture capital firm was sentenced Wednesday to six months behind bars for paying about $450,000 in bribes to boost his two daughters' entrance exam scores and get one of them into Georgetown University as a bogus tennis recruit. Manuel Henriquez, the 57-year-old...
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FILE - In this Oct. 13, 2019, file photo, Illinois Gov. J.B. Pritzker, left, talks with RJ Scaringe, CEO of Rivian Automotive, about the company's innovative electric vehicle chassis called a "skateboard" during Rivian's public rollout of its new prototype vehicles in Normal, Ill. Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in Normal, Ill. (David Proeber/The Pantagraph via AP, File)
July 10, 2020 - 10:04 am
DETROIT (AP) — Electric vehicle startup Rivian says it has raised another $2.5 billion in funding from accounts advised by investment firm T. Rowe Price. The company has a contract with Amazon to build 100,000 electric delivery vans starting next year at its factory, a former Mitsubishi plant in...
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FILE - In this Sept. 2, 2019 file photo, logs are stacked at a lumber mill surrounded by recently charred and deforested fields near Porto Velho, Rondonia state, Brazil. Dozens of Brazilian corporations are calling for a crackdown on illegal logging in the Amazon rainforest, expressing their concerns in a letter Tuesday, July 7, 2020, to the vice president, who heads the government's council on that region. (AP Photo/Andre Penner, File)
July 09, 2020 - 1:45 pm
RIO DE JANEIRO (AP) — Brazil’s government on Thursday proposed that global asset-managers adopt protected areas in the Amazon rainforest in order to curb illegal deforestation ahead of the season farmers traditionally use fire to clear land and brush. Vice President Hamilton Mourão, who heads the...
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FILE - This Sept. 15, 2019, file photo shows The Greenbrier resort nestled in the mountains in White Sulphur Springs, W.Va. At least six of billionaire West Virginia Gov. Jim Justice family entities received the Paycheck Protection Program loans, meant to keep small businesses afloat during the coronavirus pandemic, including the governor’s lavish resort The Greenbrier, as well as The Greenbrier Sporting Club, an exclusive members-only club linked to the resort. (AP Photo/Steve Helber, File)
July 06, 2020 - 5:56 pm
COLUMBUS, Ohio (AP) — Governors who ordered shutdowns as their states responded to the coronavirus pandemic were among millions of beneficiaries of the loan program created to help small businesses weather COVID-19's effect on the economy, data released Monday show. The governors of at least eight...
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FILE - In this June 10, 2020 file photo, Jovita Carranza, Administrator of the Small Business Administration, testifies during a Senate Small Business and Entrepreneurship hearing to examine implementation of Title I of the CARES Act, on Capitol Hill in Washington. The Treasury Department said it is releasing on Monday, July 6 the names of more than 700,000 companies that received funds from the government’s small business lending program, a massive effort intended to support the economy as states shut down in April to contain the viral outbreak. (Kevin Dietsch/Pool via AP, File)
July 06, 2020 - 4:35 pm
NEW YORK (AP) — The Latest on the Treasury decision to identify hundreds of thousands of businesses that received funding through the Paycheck Protection Program, created to preserve jobs at smaller businesses during the coronavirus pandemic: ___ TGI Fridays and P.F. Chang’s China Bistro were among...
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FILE - This May 22, 2020 photo shows the Federal Reserve building in Washington. The Federal Reserve and four other bank regulatory agencies announced on Thursday, June 25, that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “Volcker Rule” gave an immediate boost to bank stocks because the rule change could free up billions of dollars in capital in the banking industry.(AP Photo/Patrick Semansky, File)
June 25, 2020 - 12:59 pm
WASHINGTON (AP) — The Federal Reserve and four other regulatory agencies announced on Thursday that they have finalized a rule that will ease restrictions curtailing the ability of banks to make investments in such areas as hedge funds. The announcement of the easing of regulations know as the “...
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May 18, 2020 - 9:35 am
HONOLULU (AP) — Hawaii’s largest public pension fund suffered its worst quarterly loss in more than 17 years because of the economic impact of the coronavirus. The state Employees’ Retirement System investments fell 9.5%, The Honolulu Star-Advertiser reported Sunday. The fund’s assets, which...
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A shop vendor wearing a face mask to help curb the spread of the coronavirus waits for customer outside headscarves shop in Kuala Lumpur, Malaysia, on Monday, May 11, 2020. Despite a sharp drop in infections, Malaysia's leader said restrictions to fight the coronavirus will be extended by four more weeks until June 9. The government has already let most businesses reopen with strict conditions to help revive a hard-hit economy. But mass gatherings are still barred, with schools, cinemas and houses of worship staying shut, group sports prohibited and interstate travel banned. (AP Photo/Vincent Thian)
May 11, 2020 - 3:23 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ EARNINGS SEASON: The damage from the pandemic is playing...
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