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Arconic Won’t Sell Company, Ending Potential Deal with Apollo GlobalArconic won’t pursue a sale of the company, nixing a potential deal with private-equity firm Apollo Global Management. Shares of the metal manufacturer fell more than 26% in premarket trading. [22/1 10:52] Dokter.Cecillia Young/yoh: [22/1 10:53] Dokter.Cecillia Young/yoh: [21/1 23:01] Dokter.Cecillia Young/yoh: [22/1 10:52] Dokter.Cecillia Young/yoh:
Source: WSJ - 🏆 98. / 63 Read more »
BlackRock earnings dip is more than a blipLarry Fink’s manager of $6 trln of assets saw revenue and profit fall in the last quarter from a year earlier. December’s stock rout predictably hit fees, but the shift to cheap ETFs from actively managed funds also accelerated. That’s likely to continue even if markets recover.
Source: Breakingviews - 🏆 470. / 51 Read more »