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Washington Redskins

Washington Commanders Sale News: Josh Harris agrees to replace private equity financing

The sale of the Washington Commanders is expected to be finalized before the team goes back to Ashburn, VA for training camp which starts on July 27th.Dan and Tanya Snyder completed a signed agreement with the Josh Harris group to sell the franchise for $6.05 billion on May 12th.Harris reportedly has 20 limited partners including local billionaire Mitchell Rales, and fellow sports franchise owner Earvin "Magic" Johnson.

Chicago Tribune

Another Chicago-area corporate HQ hitting the road as Lake Forest-based auto parts supplier Tenneco plans move to Michigan

Lake Forest-based auto parts manufacturer Tenneco is the latest Chicago-area company to announce it is hitting the road, with plans to shift its headquarters to Michigan.The move from the North Shore to an office in Northville Township near Detroit is set to follow Tenneco's pending $7.1 billion sale to Apollo Global Management, which is expected to close in mid-November.

Washington Post

Analysis | Cathie Wood and the Sound of a Changing Market

If investing is hard, managing an investment firm is harder.It requires balancing two sides of a ledger - investor capital on the one side and an investment portfolio on the other.

AdExchanger

TripleLift Announces Layoffs, The Latest In A Miserable Trend | AdExchanger

TripleLift laid off one-fifth of its workforce on Thursday, which translates to more than 100 employees, AdExchanger has learned.The cuts only affect employees in the US and Canada.TripleLift confirmed the layoffs to AdExchanger.The company says it's making this move as a course-correction after lower-than-expected growth.

therealdeal.com

Apollo Offers $11B to Buy Paramount Studio Lot in Hollywood

Apollo Global Management offers $11 billion to buy Paramount Pictures Studios.

Paramount studio lot has historical significance and appeal for acquisition by various companies. [ more ]

therealdeal.com

Laguna Beach Home Tied to Timeshare Mogul Asks $40 Million

Stephen Cloobeck with 11 Montage Way (Getty, Zillow) A bluffside home in Laguna Beach tied to timeshare mogul Stephen Cloobeck has listed for $39.7 million.The 9,300-square-foot estate has hit the market at 11 Montage Way at the Montage Laguna Beach resort, the Orange County Register reported.It's among 13 private resort homes with access to concierge, housekeeping and room service.

The Real Deal Los Angeles

Park Hotels in Deal to Sell Hilton Garden Inn Near LAX

Park Hotels and Resorts has struck a deal to sell one of its Hilton hotels near LAX, The Real Deal has learned.

The Real Deal Los Angeles

Greenland USA Puts Hotel Indigo Up For Sale

Greenland, the Shanghai-based firm at risk of defaulting on its debt payments, has put one of its primary Los Angeles developments up for sale, The Real Deal has learned.

The Real Deal Los Angeles

Apollo Buys Into Inland Empire Retail With Deal For Ontario-based Cardenas Markets

An affiliate of Apollo Global Management has bought an Ontario-based Hispanic supermarket chain that just inked a deal to increase its holdings in the Inland Empire.

Coindesk

Private-Equity Giant Apollo Is Part of a Bid to Buy Bankrupt Crypto Firm Celsius

Apollo Global Management, the distressed-investing specialist that oversees more than half a trillion dollars of assets, is participating in a bid to acquire stricken cryptocurrency lender Celsius, according to a person familiar with the matter.Celsius has publicly identified several entities who are trying to purchase the company.

Washington Post

Analysis | Recession Anxiety? Not in the Credit Market

The corporate debt market is still doing its part to keep America out of a recession.As economists and yield curve indicators warn about a potential downturn in 2023, the signs of any kind of credit panic remain conspicuously absent from primary issuance markets and corporate spreads.Amazon.comInc. is among 19 investment-grade companies that sold bonds this week, closing out November at about $104 billion in issuance, according to Bloomberg Intelligence data, in what's typically one of the last spurts before bankers and investors start checking out for the winter holidays.

www.npr.org

Fears of crypto contagion are growing as another company's finances wobble

In this photo illustration, the FTX logo is seen on a computer on November 10, 2022 in Atlanta, Georgia.Michael M. Santiago/Getty Images Fears that the collapse of FTX will lead to more destruction in the crypto industry are hitting almost every investor in the United States, from individuals to major Wall Street firms, with many wondering if another cryptocurrency trading platform called Genesis will fall next.

www.independent.co.uk

Credit Suisse unveils 'radical' strategy as 3Q loss hits $4B

Swiss bank Credit Suisse unveiled Thursday a radical strategy aimed to overcome a string of recent troubles that have dented its reputation.The Zurich-based bank announced plans to cut costs, lower staff counts and reduce risk.It also said it will revive the CS First Boston investment bank brand, once a stalwart of Wall Street, as it reported a 4-billion Swiss franc ($4.1 billion) loss in the third quarter.

Chicago Tribune

Tween jewelry retailer Claire's expands to more Walmart stores

Tween jewelry retailer Claire's announced it had expanded its partnership with Walmart Tuesday, nearly doubling the number of stores its jewelry and accessories are available in nationwide.

East Bay Times

East Bay (California)

Tech titan reaches sublease deal for big chunk of San Jose offices

SAN JOSE - A tech giant has struck a deal to sublease a big chunk of San Jose office space in a deal that, if the company expands into the new space, would represent a big economic win for the Bay Area's largest city.

The Local Europe

More than 1,400 join escalation of teachers' strike in Norway

On Monday, 1,400 teachers in Norway joined a strike over wages, taking the number taking industrial action to nearly 3,000.

the Guardian

US news website Axios agrees $525m sale to Cox Enterprises

For $525m, Axios - publisher of punchy, notated news briefs - is set to be acquired by Cox Enterprises, a legacy publisher that owns a series of US regional newspapers.

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