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Court Nixes Federal Approval For Cadiz Pipeline To Suck Water Out Of The Mojave To Sell

The 43-mile pipeline was approved after former Cadiz lobbyist David Bernhardt became deputy secretary of the Interior. : A federal court has ruled that an environmental review exemption by the Trump administration for a pipeline to extract water from the Mojave Desert is illegal. The 43-mile pipeline planned by Cadiz Inc. would cut through Mojave Trails National Monument and other public lands in southern California to suck ground water out of the desert aquifer and sell to cities. It would pump an estimated 16 billion gallons a year from the fragile desert ecosystem.
Read by 38% of LPs 20 minutes ago

Aurora Capital Partners Purchases Petroleum Service Corporation From Sgs

LOS ANGELES, June 24, 2019 /PRNewswire/ -- Aurora Capital Partners ("Aurora"), a leading middle-market private equity firm, today announced the acquisition of Petroleum Service Corporation ("PSC" or the "Company"). PSC is the North American leader in product handling and site logistics...
Read by 70% of LPs 50 minutes ago

Is This Elderly Market Losing Its Marbles? - Financial Professionals

Multi-asset chart of the month: How the US stock market's relationship with business confidence has gone awry. : Multi-asset chart of the month: How the US stock market's relationship with business confidence has gone awry. The chart that caught the eye of the Schroders Multi-Asset Investment team this month shows that the relationship between the ISM Manufacturing Purchasing Managers' Index (PMI) and the S&P 500 index has broken down. The PMI is based on a survey of purchasing managers from more than 300 manufacturing firms.
Read by 74% of LPs 1 hour ago

The Barnes & Noble Buyout: A Godsend For Book Readers And Investors

The book chain seemed headed for the shredding machine, but a hedge fund takeover gives it a fresh start, and is a tonic for the publishing industry. What to expect.
Read by 45% of LPs 1 hour, 50 minutes ago

Xanadu Raises $32M Series A To Bring Photonic Quantum Computing To The Cloud

The funding accelerates Xanadu's progress toward the release of its photonic-based quantum cloud computing platform, which will include next generation consumer applications and products not available on competing platforms. TORONTO, June 24, 2019 /PRNewswire/ - Xanadu, the world leader...
Read by 70% of LPs 1 hour, 50 minutes ago

Woodford Saga Will Have 'ramifications For Active Management Industry'

The highly-publicised suspension of Neil Woodford's flagship LF Woodford Equity Income fund has significantly damaged the UK general public's relationship with investing, according to several investment professionals, who warned there will "clearly be ramifications" for the active management industry.
Read by 62% of LPs 1 hour, 50 minutes ago

Trust Buyers Split On Woodford Patient Capital

Trust buyers continuing to back Neil Woodford's investment process are eyeing Woodford Patient Capital's share price for an attractive entry point, following its severe decline in the aftermath of the gating of the firm's Equity Income fund.
Read by 38% of LPs 2 hours, 10 minutes ago

Explainer: Money Talks In Trump's Mideast Plan. But Can It Pave Way For Peace?

More than two years after U.S. President Donald Trump first proposed a plan to revive the Israeli-Palestinian peace process, its first phase will be formally unveiled on Tuesday at an economic workshop in Bahrain.
Read by 64% of LPs 2 hours, 10 minutes ago

Rpt-focus-hudson's Bay's Chairman's Buyout Bid Pits Retail Vs Real Estate

The success of Hudson's Bay Co Executive Chairman Richard Baker's $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said.
Read by 66% of LPs 2 hours, 10 minutes ago

Ctp Agrees EUR1.9B Syndicated Financing Package In Cee's Largest Real Estate Transaction Of 2019

PRAGUE, June 24, 2019 /PRNewswire/ -- CTP and a consortium of three banking groups agreed on underwriting package of EUR1.9 billion for CTP's Czech industrial portfolio, comprised of 200 buildings, covering 2.7 million m2 of premium industrial space. In the largest real estate transaction to date in Central and Eastern Europe, the 7-year loans provide for the refinancing of EUR1.6 billion of existing properties and extends EUR269 million in new financing for projects to be completed in the next 18 months.
Read by 79% of LPs 2 hours, 15 minutes ago

Yes Bank Co-founder Rana Kapoor's Family Plans To Sell Mortgage Unit | Business Standard News

Family office run by Rana Kapoor's three daughters is working with Nomura Holdings Inc. on a potential deal. : Banker Rana Kapoor's family is planning to sell a stake in their six-year-old mortgage finance company, people with knowledge of the matter said, as rising wariness in the credit market erodes growth prospects of shadow finance firms. The family office run by the three daughters of the Yes Bank Ltd. co-founder is working with Nomura Holdings Inc. on the potential deal, according to the people, who asked not to be identified as the information isn't public.
Read by 34% of LPs