Shell rebuffed a Wall Street Journal report that said the oil giant was in early talks to take over rival company BP. “This is further market speculation. No talks are taking place,” the company said in a statement Wednesday. An agreement between…
Author: Frank Harfman
Frank Harfman
Frank Harfman is a veteran economist, columnist, and news writer who has been a leading voice in financial journalism since 1988. With over three decades of experience, Frank has extensively covered the markets, including the NYSE, Nasdaq, S&P 500, and Dow Jones Industrial Average (DJIA). His reporting spans a broad range of economic sectors such as commodities, oil, energy, food, gas, and consumer trends, offering deep insights and analysis trusted by professionals and readers alike
A federal judge overseeing several high-profile bankruptcy cases has raised pointed concerns about potential ethical conflicts and the appearance of collusion among prominent law firms, in the wake of the scandal surrounding former U.S. Bankruptcy Judge David R. Jones’s abrupt…
Oaktree Capital Management, the Los Angeles-based investment firm known for distressed-debt turnarounds, is in advanced talks to take control of Superior Industries International Inc., the aluminum wheel manufacturer battered by U.S. and international auto parts tariffs, according to people familiar…
As the Federal Reserve continues to wind down its balance sheet and navigate a changing interest rate landscape, the central bank’s standing overnight lending tool—the Standing Repo Facility—is poised to play a bigger role in stabilizing short-term borrowing costs, a…
Barings LLC has raised $950 million for a new private-equity and infrastructure fund, underscoring growing investor appetite for mid-market and niche strategies amid a turbulent global investment environment. The Charlotte-based investment manager, which oversees $442 billion in assets, said the…
United Airlines CEO Scott Kirby on Tuesday moved to calm growing concerns about operational safety at Newark Liberty International Airport (EWR), assuring customers that the facility remains “absolutely safe and fully compliant” despite a recent series of technical disruptions and…
Toyota Motor forecast a 21% profit decline for the current financial year on Thursday, as the strain from US President Donald Trump’s tariffs and an appreciating yen take some of the shine off strong demand for hybrid vehicles. The world’s…
SYDNEY — Macquarie Group Ltd. is hitting pause on major divestments from its renewable energy portfolio as global market volatility continues to cloud valuations and temper investor appetite. The Australian financial giant, one of the world’s largest infrastructure investors, signaled…
NEW YORK — A new player has entered the alternative investment scene. Renown Capital Partners, a freshly launched private equity firm spun out of hedge fund heavyweight Moore Capital Management, is aiming to raise $500 million for its debut fund,…
TaskUs, Inc. (NASDAQ: TASK), a global provider of outsourced digital services and customer experience support, announced Monday that it will be taken private in an all-cash transaction led by its co-founders and an affiliate of private equity giant Blackstone. The…
