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SPAC Surge Pumps Up Junk-Bond Market - WSJ

Some SPACs are targeting companies with below-investment-grade credit ratings; not since the dot.com-boom two decades ago has stock-market enthusiasm been hot enough to fuel such activity in debt markets.

Blackstone Notches Record $1.75 Billion Profit as Growth Strategy Pays Off - WSJ

The firm’s private-equity portfolio far outpaced the S&P 500 during the first quarter.

Hartford CEO Surprised by Chubb Proposal; Board Has Now Rejected Three - WSJ

Hartford CEO Christopher Swift said each of Chubb’s proposals has been evaluated and unanimously rejected by the insurer’s board.

Private-Equity Firms Regain Taste for Giant Buyouts - WSJ

Leveraged buyout bids measuring in the double-digit billions. a relative rarity since the financial crisis. have been showing signs of a comeback lately.

Energy Giants Ditch Oil and Coal Projects. Smaller Rivals Want Them. - WSJ

BP. Rio Tinto and others are selling the projects for financial and environmental reasons. in a possible boon for those companies that want to double down on fossil fuels.

T-Mobile’s Former Chief Collected $137 Million After Clinching Sprint Takeover - WSJ

Much of the payment to John Legere hinged on the carrier’s consummation of its merger with Sprint. which has been a boon to investors.

Canadian National Makes $30 Billion Topping Bid for Kansas City Southern - WSJ

The offer is likely to kick off a bidding war for a railroad operator that has already agreed to a sale to another Canadian rival.

Regulator Bars Former Goldman Analyst for Insider Trading - WSJ

Finra says Brian Maguire bought shares in two companies after finding out about another analyst’s upgrade.

SPAC Hot Streak Put on Ice by Regulatory Warnings - WSJ

Investors are getting scared off special-purpose acquisition companies. one of the hottest bets on Wall Street. as regulators intensify scrutiny of SPACs and share prices tumble.

Morgan Stanley Books Archegos Loss. but Profit Hits a High - WSJ

The bank lost $911 million when Archegos Capital Management imploded last month. tarnishing a record-setting quarter.

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