The battle over Costar Group’s high-risk, money-losing Homes.com venture escalated as activist investor D.E. Shaw publicly criticized the company’s board for its handling of the $3 billion investment. Processing Content The latest letter was signed by managing directors Edwin Jager and Michael O’Mary, and came out before the market opened on Feb. 4. D.E. Shaw […]
Costar board blasted for $3B Homes.com loss Read More »
Shore Capital Partners, a Chicago-based private equity firm founded by billionaire Justin Ishbia, has raised more than $400 million for its second industrial fund. Processing Content The closing extends a string of successful fundraising for the firm, following a dry spell for the private equity industry more broadly, driven by higher interest rates and macroeconomic
UWM’s Justin Ishbia raises $400 million for new industrial fund Read More »
At 8:15 ADP was expected to report 46,000 non-farm and non-government jobs were created last month but the number came in at just 22,000. The ADP report never carries the weight of the BLS report, but without one of those likely due to the shutdown, I thought today might be different, but it wasn’t. Processing
ADP jobs miss barely registers in choppy Treasury trade Read More »