Trusts and fund management

FILE - In this Dec. 10, 2009 file photo, billionaire hedge fund manager Steve Cohen attends a benefit in New York. Major League Baseball owners voted Friday, Oct. 30, 2020, to approve the sale of the New York Mets to Cohen. The sale from the Wilpon and Katz families values the franchise at between $2.4 billion and $2.45 billion, a record for a baseball team. The sale is likely to close within 10 days. (AP Photo/File)
October 30, 2020 - 11:56 am
NEW YORK (AP) — Major League Baseball owners voted Friday to approve the sale of the New York Mets to billionaire hedge fund manager Steve Cohen. The sale from the Wilpon and Katz families values the franchise at between $2.4 billion and $2.45 billion, a record for a baseball team. The sale is...
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FILE - In this Monday, March 16, 2020, file photo, trader Peter Tuchman works on the floor of the New York Stock Exchange. The 2020 presidential election is clearly unlike any other, but investors might be wise to treat it just like most of the previous ones. History shows the stock market’s performance doesn’t correlate that closely with which party controls the White House: It tends to rise following elections regardless of who wins. (AP Photo/Craig Ruttle, File)
October 15, 2020 - 8:38 am
NEW YORK (AP) — This presidential election is clearly unlike any other, but investors might be wise to treat it just like most of the previous ones. History shows the stock market’s performance doesn’t correlate that closely with which party controls the White House: It tends to rise following...
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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 - 3:24 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 - 8:10 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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July 12, 2020 - 11:28 am
NEW YORK (AP) — Hedge fund Chatham Asset Management said it plans to buy newspaper publisher McClatchy out of bankruptcy, ending 163 years of family control. The hedge fund did not put a price on the deal. The agreement still needs the approval of a bankruptcy judge. McClatchy is one of the largest...
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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 - 8:04 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 - 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 - 10:59 am
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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FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
Associated Press
March 19, 2020 - 2:56 am
Washington (AP) — The Federal Reserve announced that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the viral outbreak. The Fed said late Wednesday that it will lend money to banks that purchase financial assets from money market...
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February 18, 2020 - 5:24 am
SAN MATEO, Calif. (AP) — Franklin Resources is buying competitor Legg Mason for $4.5 billion, creating a financial company with a combined $1.5 trillion in assets under management. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50 for each Legg Mason...
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FILE - This Oct. 14, 2009 file photo, shows copies of the McClatchy Co. owned Miami Herald newspaper in Miami. McClatchy Co., the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection. McClatchy Co. said Thursday, Feb. 13, 2020, that it will continue to run normally as it pursues approval of its restructuring plan under Chapter 11. (AP Photo/Wilfredo Lee, File)
February 13, 2020 - 12:06 pm
NEW YORK (AP) — McClatchy, the publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers, has filed for bankruptcy protection as it struggles to pay off debt while revenue shrinks because more readers and advertisers are going online. McClatchy said Thursday that its 30...
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