Hilco Global to Sell Majority Stake, Launch Direct Lending Unit
The U.S. arm of Japanese investment firm Orix has agreed to acquire 70% of Hilco and commit $1 billion to its new lending business focusing on private credit, sources say.
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Meta Offers to Buy Stake in Venture Funds Started by AI Hires Nat Friedman and Daniel Gross
Limited partners could cash out of a minority of their holdings in venture firm NFDG at current values in a secondary deal with Meta.
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UPS Offers Buyouts to Drivers, a First in Its 117-Year History
The company is cutting costs because of flat parcel volumes, rising labor costs and a long stock-price slide.
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Apollo-Backed Athora Buys U.K. Insurer for $7.8 Billion
The acquisition of Pension Insurance Corp. would effectively turn the specialist insurer into Athora's U.K. insurance business.
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The Corporate Winners and Losers in Trump's Big Tax Bill
Oil drillers win access to public lands and manufacturers get tax breaks, while elite universities face new endowment taxes and solar projects lose tax breaks.
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Thoma Bravo to Take Olo Private in $2 Billion All-Cash Deal
Olo shareholders will receive $10.25 a share, a 65% premium over the share price prior to deal speculation. Shares jumped on the announcement.
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Krispy Kreme Finance Chief Jeremiah Ashukian Leaving
Krispy Kreme's top finance executive, Jeremiah Ashukian, is leaving the doughnut maker to pursue an opportunity with a private company.
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The Score: Nike, Paramount, Constellation and More Stocks That Defined the Week
Here are some of the major companies whose stocks moved on the week's news.
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Airbus, ASML, Mistral Ask EU to Pause AI Rules
CEOs said the bloc's ability to become a leader in nascent AI is being disrupted by overlapping and complicated regulations.
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JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele
David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.
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Gold Reserve Emerges as Top Bidder for Venezuela's Citgo
A court-appointed special master recommended a bid backed by Gold Reserve and Koch over a rival hedge-fund offer.
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Tesla Is in Disarray. Musk Has Already Moved Beyond Caring About Cars.
The electric-vehicle maker has an aging lineup and slumping sales, but its CEO has shifted his focus to robotaxis and robots.
(END) Dow Jones Newswires
July 03, 2025 21:00 ET (01:00 GMT)
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