Blackstone Stake Sale Values MGM Grand, Mandalay Bay at $5.5 Billion

Blackstone Stake Sale Values MGM Grand, Mandalay Bay at .5 Billion

Blackstone Inc. has agreed to sell its 49.9% stake in two Las Vegas hotels in a deal that values the properties at $5.5 billion, marking one of the largest U.S. casino transactions this year. The New York investment firm is selling its stake in the MGM Grand Las Vegas and the Mandalay Bay to Vici … Read more

General Electric Sets Healthcare Division Spinoff Plans

General Electric Sets Healthcare Division Spinoff Plans

The planned spinoff of GE HealthCare Technologies is part of General Electric’s overall plan to split into three separate public companies. Photo: Charles Krupa/Associated Press Updated Nov. 30, 2022 9:03 pm ET General Electric Co. set the terms for the spinoff of its healthcare division, putting an initial value of roughly $31 billion on the … Read more

Chevron Gets New U.S. License to Pump Oil in Venezuela Again

Chevron Gets New U.S. License to Pump Oil in Venezuela Again

WASHINGTON—The U.S. said it would allow Chevron Corp. CVX -0.29% to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian relief program and continue dialogue in Mexico City on efforts to hold free and fair elections. Following the Norwegian-brokered … Read more

Tribe Property Technologies to Buy Strata Management Assets in Vancouver

Tribe Property Technologies to Buy Strata Management Assets in Vancouver

By Adriano Marchese Tribe Property Technologies Inc. has expanded its service delivery in British Columbia with the acquisition of a portfolio of assets from Warrington PCI Management. The Vancouver, British Columbia-based digital marketplace for community living said Tuesday that it has agreed to pay 375,000 Canadian dollars (US$278,758) for a portfolio of strata property management … Read more

Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies

Bankrupt FTX Fires Three of Sam Bankman-Fried’s Top Deputies

FTX, the cryptocurrency exchange launched by Sam Bankman-Fried, said it fired three of the founder’s top deputies. Gary Wang, an FTX co-founder and its chief technology officer; FTX engineering director Nishad Singh; and Caroline Ellison, who ran Mr. Bankman-Fried’s trading arm, Alameda Research, were terminated from those roles after FTX tapped John J. Ray to … Read more

Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for $37.1 Million at Sotheby’s

Picasso’s ‘Guitar on a Table,’ Long Held by MoMA, Sells for .1 Million at Sotheby’s

A foundation for CBS founder William Paley has started selling off a trove of masterpieces long lent to New York’s Museum of Modern Art to fund an expansion of the museum’s digital footprint—including a Pablo Picasso that sold Monday for $37.1 million. The sale at Sotheby’s landed a week after Christie’s made auction history selling … Read more

Ivana Trump’s N.Y.C. Townhouse, Decked Out in Gold and Animal Print, Asks $26.5 Million

Ivana Trump’s N.Y.C. Townhouse, Decked Out in Gold and Animal Print, Asks .5 Million

Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. Stepping into Ivana Trump ‘s Manhattan townhouse, with its limestone facade and embellished gold entryway, is like stepping back in time to the 1980s, when the late socialite and her ex-husband, former … Read more

Walgreens Unit to Buy Summit Health in Roughly $9 Billion Deal, Including Debt

Walgreens Unit to Buy Summit Health in Roughly  Billion Deal, Including Debt

A unit of Walgreens Boots Alliance Inc. WBA 3.67% struck a deal to combine with a big owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion including debt, the latest in a string of acquisitions by big consumer-focused companies aiming to delve deeper into medical care. The drugstore giant’s primary-care-center … Read more

U.S., Allies Set Parameters for Price Cap on Russian Oil

U.S., Allies Set Parameters for Price Cap on Russian Oil

WASHINGTON—The U.S. and its allies have agreed on which sales of Russian oil will be subject to a price cap, racing to flesh out the details of the major new sanctions program before it begins on Dec. 5. Each load of seaborne Russian oil will only be subject to the price cap through its first … Read more

Warner Bros. Discovery Marriage Hurt by High Debt, Low Morale

Warner Bros. Discovery Marriage Hurt by High Debt, Low Morale

David Zaslav declared it a “bright shiny day’’ after the deal to merge his cable programming juggernaut Discovery Inc. with AT&T Inc.’s T 0.44% WarnerMedia unit closed last April. As of Wednesday’s close, the stock was down about 48% since the deal closed on April 8, and the company disclosed it expects to incur as … Read more