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Jessica DiNapoli

Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources

18 Oct 2019

U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.

EXCLUSIVE-Lampert helps bankroll Sears as woes persist after bankruptcy - sources

18 Oct 2019

Oct 18 U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.

Barneys nears bankruptcy deal with Authentic Brands, Saks owner: sources

16 Oct 2019

NEW YORK U.S. luxury department-store chain Barneys New York Inc is nearing a roughly $270 million deal with brand developer Authentic Brands Group that could lead to Barneys shops opening in Saks Fifth Avenue stores, people familiar with the matter said on Monday.

Pension and hedge funds push U.S. SEC to reconsider proxy adviser guidance

15 Oct 2019

NEW YORK, Oct 15 Some of the world's biggest pension funds and a prominent hedge fund are urging the U.S. Securities and Exchange Commission (SEC) to reconsider recent guidance they say will raise costs, hurt investors and cut participation in corporate voting.

JPMorgan names Rebecca Thornton head of director advisory services: memo

08 Oct 2019

NEW YORK Rebecca Thornton will become the head of JPMorgan Chase & Co's director advisory services group, a unit of the U.S. bank that helps source members for corporate boards and provides advice to them, according to an internal memo seen by Reuters.

Proxy solicitor Okapi hires Harnett from Strategic Governance Advisors

04 Oct 2019

NEW YORK, Oct 4 Okapi Partners, a proxy solicitor that has long worked for activist hedge funds Elliott Management and Starboard Value, is hiring a senior executive from an advisory firm to help expand its business with corporate clients, three people familiar with the matter said this week.

New Glass Lewis chief to expand abroad amid U.S. regulatory clamp-down

04 Oct 2019

Glass Lewis & Co is planning to grow its business abroad in the face of newly introduced curbs by the U.S. Securities and Exchange Commission (SEC), the proxy advisory firm's new executive chairman Kevin Cameron told Reuters in an interview.

SEC's Clayton worries about private markets, negative rates

19 Sep 2019

NEW YORK U.S. Securities and Exchange Commission chair Jay Clayton said on Thursday he was concerned about the growth of private markets and negative interest rates as policymakers try to stimulate growth.

Exclusive: WeWork considers dramatic valuation cut in IPO

16 Sep 2019

WeWork owner The We Company may seek a valuation in its upcoming initial public offering of between $10 billion and $12 billion, a dramatic discount to the $47 billion valuation it achieved in January, people familiar with the matter said on Friday.

Purdue Pharma reaches tentative opioid settlement with some: sources

12 Sep 2019

NEW YORK OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing the settlement offer in bankruptcy proceedings as soon as next week, people familiar with the matter said. | Video

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