Halliburton Co. and asset manager BlackRock Inc. have inked a $500 million deal to establish a joint venture that will offer Halliburton’s refracking technology to oilfield operators drilling in existing shale wells.
Florida real estate investment trust Chatham Lodging Trust has bought two hotels from the Claremont Cos. for $55.5 million, the company said on Wednesday.
The U.S. Commodity Futures Trading Commission has settled a lawsuit against attorney Jay Bruce Grossman over his alleged role in facilitating a precious metals investment scam while representing Hunter Wise Commodities LLC and AmeriFirst Management LLC, according to documents filed in Florida federal court on Wednesday.
Blackstone Group LP reportedly plans to buy a $700 million Manhattan portfolio of apartment buildings, while the Vanbarton Group is buzzed to be buying the operating ground lease of a Manhattan site for $270 million and Spanish real estate investment trust Lar Espana Real Estate is said to have secured $95.1 million for a shopping center acquisition.
Norges Bank Investment Management, the manager of Norway’s sovereign wealth fund, has bought a 50 percent stake in a Europe logistics portfolio from Prologis Inc. for €155 million ($168.7 million), according to an announcement Wednesday from Norges.
Affiliates of a Blackstone Group LP fund have carved out a significant Nordic real estate market presence in one fell swoop with a 22 billion krone ($3.2 billion) deal to pick up several real estate portfolios from an Agasti Holding SA unit, as well as another smaller deal to pick up a stake in Agasti’s operational businesses, according to Wednesday announcement.
Secured noteholders of Molycorp Inc. pressed a Delaware bankruptcy judge Tuesday to reject the rare-earth company's choice of a $135 million financing package from secured creditor Oaktree Capital Management LP, contending that their own $142 million loan offer represented a better deal for the debtor.
Caesars Entertainment Operating Co. on Monday urged an Illinois bankruptcy court not to make the $30 billion leveraged buyout of its parent company off-limits to an investigator in its bankruptcy, saying negotiations could be undermined if the investigator does not examine all potential claims related to the LBO.
A New York federal judge on Tuesday ordered a group of investors suing SAC Capital Advisors LP over an insider trading scandal that rocked the now-former hedge fund to hand over to defendants nearly 7,000 documents the plaintiffs claimed were privileged.
GE Capital Corp. on Monday won a reprieve from many of the rules it must comply with because of its designation as systemically important, but observers were disappointed the Federal Reserve stopped short of providing a road map for escaping that status as the company attempts to shrink itself.
Taking several bites out of the Big Apple''s mixed-use real estate market, SL Green Realty Corp. announced Tuesday that it had struck a pair of deals worth about $293 million to pick up three downtown Manhattan properties.
St. Jude Medical is in talks to snatch up smaller medical device maker Thoratec, chipmaker Qualcomm is expected to launch a strategic review that amid activist pressure may mull a breakup, and telecom giant Nokia is nearing the sale of its digital maps business to a group of German luxury-car makers.
Speaking to different crowds on Tuesday, two of the Dodd-Frank Act’s biggest critics in Congress used the fifth anniversary of the financial reform bill as a platform to discuss its impact on the economy, arguing that the bill enshrined “too big to fail” into law and harms competition by pressuring smaller banks into failure.
Private equity-backed Caesars Entertainment Corp. and its bankrupt Caesars Entertainment Operating Co. unit on Monday said they have reached an agreement with a group of second-lien bondholders who sought a portion of lawsuit proceeds that the casino giant promised to its more senior creditors.
Investors in yoga apparel maker Lululemon Athletica Inc. have launched a derivative lawsuit in Delaware Chancery Court, unsealed Tuesday, accusing directors of "turning a blind eye" to a series of what they say were roughly $80 million worth of "suspiciously timed" stock trades by then-Chairman Dennis "Chip" Wilson.
The Chicago Mercantile Exchange urged an Illinois federal judge Monday not to grant a subpoena request to HTG Capital Partners LLC, which is looking to identify a group of traders it accuses of spoofing, arguing that the information should remain confidential and that the dispute should be settled within the exchange itself.
After negotiating for months, Gaming and Leisure Properties Inc. said Tuesday it has inked a final deal for Pinnacle Entertainment Inc.'s real estate assets that values the target portfolio at $4.75 billion including debt.
Global Logistic Properties Ltd. said Tuesday that it is establishing its second China-focused logistics infrastructure fund and is looking to invest $7 billion in building warehouse facilities to meet the nation's growing e-commerce and domestic consumption needs.
At 848 pages, it should be no surprise the Dodd-Frank Wall Street Reform and Consumer Protection Act has been a complex, time-consuming and controversial piece of legislation that has tied regulators and the industry in knots. But five years on, the law has produced some unexpected outcomes, from empowering once-sleepy regulators to squeezing small community banks. Here, Law360 looks at some of Dodd-Frank's biggest surprises.
On Monday, one day before their namesake bill turns 5 years old, former U.S. Sen. Chris Dodd, D-Conn., and former U.S. Rep. Barney Frank, D-Mass., sat down with pro-reform group Better Markets to talk about the legacy of the 2008 financial crisis and whether their legislation can survive Republican calls to dismantle it.