Private equity buyers snap up two more US accounting firms
Investcorp’s purchase of PKF O’Connor Davies and Centerbridge investment in Carr Riggs extend run of deals
National/regional news and analysis
Spirit bankruptcy gives priority boarding to opportunistic creditors
Hedge funds and bond managers are willing to invest millions of dollars to get reorganised carrier off the ground
Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’
Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry
Activist investor Glenview secures 4 board seats at CVS Health
Drugstore operator’s concession follows recent replacement of its chief and leadership overhaul in its insurance unit
Vanguard says shareholders can vote for profits over ESG issues
Asset manager gives investors greater say on proxy votes as it tries to navigate backlash to ‘woke’ policies
Americans face an insurability crisis as climate change worsens disasters – a look at how insurance companies set rates and coverage
Hurricane Beryl tore up homes in Freeport, Texas, in July 2024. Brandon Bell/Getty Images)Home insurance rates are rising in the United States, not only in Florida, which saw tens of billions of dollars in losses from hurricanes Helene and Milton, but across the country.
Robo price-fixing: Why the Justice Department is suing a software company to stop landlords colluding on rents
Landlords don't have to communicate directly to collude on rental prices. AP Photo/Gene J. PuskarOf all the reasons it could be hard to pay rent each month, did you have an algorithm-powered illegal cartel on your list?
Donor-advised funds are drawing a lot of assets besides cash – taking a bigger bite out of tax revenue than other kinds of charitable giving
The total value of assets held by donor-advised funds is soaring. imaginima/E+ via Getty ImagesDonor-advised funds, or DAFs, are financial accounts funded by donors to support future charitable work.
Dorothy Allison was an authentic voice for the poor, capturing the beauty, humor and pain of working-class life in America
Dorothy Allison channeled her impoverished childhood into a richly crafted world that retained its gritty origins. Sophie Bassouls/Sygma via Getty ImagesDorothy Allison, who died on Nov.
The Serviceberry: this Indigenous understanding of nature can help us rethink economics
In the tension between ecology and economics lies an uncomfortable truth: while both words share a root in “eco” (from the Greek oikos, meaning home), our modern economies often seem to overlook the home we all share – the natural world.
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