Energy Capital Partners Near Deal to Buy Calpine
Continue Reading Below
Private-equity firm Energy Capital Partners is nearing a deal to buy power-generation company Calpine Corp., according to people familiar with the matter.
Blackstone Group to Buy Midstream Investor Harvest Fund Advisors
Blackstone Group LP has a deal to buy Harvest Fund Advisors LLC, an investment-management firm with more than $10 billion in assets under management that focuses on midstream energy assets.
Yellen to Speak on Financial Stability at Jackson Hole Next Week
Federal Reserve Chairwoman Janet Yellen will speak at the central bank's annual economic symposium in Jackson Hole, Wyo., next week, the Fed announced Thursday.
Continue Reading Below
Fed's Kaplan Urges Patience on Raising Rates
Dallas Fed President Robert Kaplan reiterated that a rise in inflation would help him offer support for another rate increase by the U.S. central bank this year.
MassMutual to Sell Asian Unit to Jack Ma-Backed Company
Massachusetts Mutual Life Insurance Co. agreed to sell its Hong Kong-based operations for about $1.7 billion to a group of Asian investors that includes two companies affiliated with Chinese billionaire Jack Ma.
Ernst & Young Chairman on Advising Trump: A Balancing Act
In a memo to employees, Ernst & Young's CEO said that 'as much as I believe in engagement,' it was 'appropriate' for business leaders to disband the Trump administration's advisory panel on which they had served.
Standard Bank Profit Rises 14% in First Half
Standard Bank Group, Africa's biggest lender by assets, reported a higher half-year profit, citing robust earnings in markets on the broader continent, including Angola, Ghana, Mozambique, Nigeria and Uganda.
Bank of America to Pay $6 Million to Bankrupt Couple Evicted From Home
Bank of America Corp. has agreed to pay more than $6 million to a California couple who a federal judge said had been harassed and illegally foreclosed on by the bank's mortgage unit, ending an eight-year-long dispute.
Pension Funds Sue Six Banks, Claiming Stock-Lending Abuses
Three U.S. pension funds sued six major global banks, saying they conspired to block competition in the stock-lending market.
Students Who Took Private Loans Through Corinthian Eligible for Relief
Former Corinthian Colleges Inc. students who took out 46,000 private loans through the now-defunct school will be eligible for $192 million in loan relief, based on a settlement announced by 13 state attorneys general and the Consumer Financial Protection Bureau.
(END) Dow Jones Newswires
August 18, 2017 00:15 ET (04:15 GMT)