Private Equity Is the New Financial Supermarket

Private-equity firms were once niche players serving big clients. Now they’re trying to be everything to everyone.

#apollo-global-management, #banking-and-financial-institutions, #blackstone-group-the, #carlyle-group-lp, #kkrco-lp, #mergers-acquisitions-and-divestitures, #private-equity, #regulation-and-deregulation-of-industry, #tpg-capital

Is Meta’s Facial Recognition Retreat Another Head Fake?

If ever an issue cried out for some lawmaking guidance, this is it.

#amazon-com-inc, #carlyle-group-lp, #facebook-inc, #facial-recognition-software, #internal-sub-only-nl, #regulation-and-deregulation-of-industry, #surveillance-of-citizens-by-government, #virtual-reality-computers

Who is Glenn Youngkin and How Did He Win the Virginia Governor’s Race?

Helped by his personal fortune, the victor in the Virginia governor’s race won over voters who were put off by Trumpism but were not, it turned out, entirely opposed to elevating another Republican.

#carlyle-group-lp, #conservatism-us-politics, #content-type-personal-profile, #elections-governors, #republican-party, #trump-donald-j, #united-states-politics-and-government, #virginia, #youngkin-glenn-a

How Private Equity Firms Avoid Taxes

The I.R.S. almost never audits private equity firms, even as whistle-blowers have filed claims alleging illegal tax avoidance.

#apollo-global-management, #bain-capital, #biden-joseph-r-jr, #blackstone-group-the, #capital-gains-tax, #carlyle-group-lp, #federal-taxes-us, #government-accountability-office, #high-net-worth-individuals, #income-inequality, #income-tax, #internal-revenue-service, #kirklandellis, #kkrco-lp, #mnuchin-steven-t, #private-equity, #rettig-charles-p, #schwarzman-stephen-a, #tax-cuts-and-jobs-act-2017, #tax-evasion, #tax-shelters, #tpg-capital, #treasury-department, #trump-donald-j, #united-states-politics-and-government, #whistle-blowers

Citigroup’s $900 Million Defeat

Citi committed “one of the biggest blunders in banking history,” a federal judge says.

#banking-and-financial-institutions, #carlyle-group-lp, #citadel-investment-group, #citigroup-inc, #corporate-social-responsibility, #greenhouse-gas-emissions, #robinhood-financial-llc

Taylor Swift Denounces Scooter Braun as Her Catalog Is Sold Again

The music manager acquired the rights to the pop superstar’s first six albums as part of a deal with her former label, Big Machine. Now he has sold them to the investment firm Shamrock Capital.

#big-machine-label-group, #braun-scooter-1981, #carlyle-group-lp, #pop-and-rock-music, #private-equity, #shamrock-capital, #swift-taylor

Push for Profits Leaves Nursing Homes Struggling to Provide Care During Coronavirus Pandemic

Some with private equity owners, focused on making money, were particularly ill equipped and understaffed to handle Covid-19.

#carlyle-group-lp, #coronavirus-2019-ncov, #formation-capital-corporation, #hcr-manorcare, #nursing-homes, #private-equity

Push for Profits Left Nursing Homes Struggling to Provide Care

Some with private equity owners, focused on making money, were particularly ill equipped and understaffed to handle Covid-19.

#carlyle-group-lp, #coronavirus-2019-ncov, #formation-capital-corporation, #hcr-manorcare, #nursing-homes, #private-equity

Private Equity, Lobbying the U.S. for Help, Is Mostly Hearing ‘No’

As the government rolls out trillions of dollars in emergency stimulus funds, a push by the industry has met with only modest success.

#american-investment-council, #apollo-global-management, #better-markets-inc, #blackstone-group-the, #carlyle-group-lp, #coronavirus-2019-ncov, #credit-and-debt, #lobbying-and-lobbyists, #private-equity, #stimulus-economic, #term-asset-backed-securities-loan-facility-talf, #united-states, #united-states-economy, #united-states-politics-and-government