Railroads Strike a $25 Billion Merger
Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
As Blackstone Barrels Toward Trillion-Dollar Asset Goal, Growth Is In, Value Out
Jonathan Gray, Blackstone Group's day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.
JPMorgan to Buy $410 Million Stake in Chinese Bank's Wealth Business
The U.S. bank's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.
