Midwest Group One

Hotel chain Motel One valued at €4.1bn as hospitality dealmaking heats up

...Proprium Capital Partners, a real estate private equity group, has sold back its 35 per cent stake in Motel One to the company’s majority shareholder, One Hotels & Resorts, according to a statement on Tuesday...

April 9, 2024

Vale SA

Vale faces £3bn legal action over 2015 Mariana dam disaster

...one of the country’s worst environmental disasters....

March 19, 2024

FT Live

Due Diligence Live

Where leaders in investment and finance meet

OutlookPatti Waldmeir

Cicada-geddon: a rare insect event draws fans to the Midwest

...It will be the first time in 221 years that cicadas from broods XIII and XIX — one on a 17-year cycle and the other a 13-year cycle — will emerge together, overlapping in a small area of my home state of...

April 15, 2024

Artificial intelligence

Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups

...It represents one of the largest fundraisings by a VC since a downturn in the sector began about two years ago....

April 16, 2024

Donald Trump

Trump-backed US Senate candidate clinches Republican nomination in Ohio

...Moreno also benefited from a $6mn ad blitz from Club for Growth Action, an influential conservative group....

March 20, 2024

Energy sector

EQT to create $35bn integrated gas group with deal for pipeline business

...The region is one of the centres of gas production in the US....

March 11, 2024

FT Live

Commodities Global Summit 2025

The pre-eminent gathering of senior commodity executives, traders and financiers

InterviewMusic

Musician Jlin has gone from the steel mill to the dance floor

...In fact it was true: she’d been nominated for music she composed under her artist name Jlin, performed by Chicago group Third Coast Percussion....

March 15, 2024

US presidential election 2024

Trump’s candidate won big in Ohio and Democrats are celebrating

...“I am heartened by the fact that there is a core group of Republicans out there . . . that are being absolutely repelled by Donald Trump’s increasingly ugly and divisive rhetoric.”...

March 23, 2024

ReviewFiction

Float Up, Sing Down — delightful day-in-the-life stories of small-town America

...It was one of those small things in life that made the big things better.”...

February 1, 2024

OutlookPatti Waldmeir

The Trump supporters stalked by doubt and conspiracy

...Now his group is back to calling itself Autoworkers for Trump....

February 5, 2024

Gambling industry

Française des Jeux buys Sweden-listed betting group Kindred

...State-backed French lottery operator Française des Jeux has struck a €2.6bn deal to buy Stockholm-listed gambling group Kindred in a takeover that will create one of Europe’s biggest betting companies....

January 22, 2024

US presidential election 2024

Biden faces dissent over Gaza as he wins Michigan Democratic primary

...The dissent within his own party in Michigan has emerged as one of the biggest political challenges for Biden’s campaign in recent weeks, raising fears among some Democrats that he will struggle to unite...

February 28, 2024

IPOs

Private equity group EQT revives plans for $20bn Galderma IPO

...Last year Galderma received approval from the US Food and Drug Administration for two new injectibles — one that targets cheeks, the other “under-eye hollows”....

February 4, 2024

OutlookPatti Waldmeir

The migrants who are pawns in the politics of US immigration

...At one point last autumn, Chicago had more than 3,000 migrants living inside and outside police stations because shelters were full....

January 8, 2024

Insurance

Insurers in talks to overhaul net-zero group after member exodus

...“The forum will be able to explore decarbonisation approaches by involving key sectoral players such as insurers, reinsurers, brokers, regulators and campaign groups,” said one person at an alliance member...

January 22, 2024

FT Live

US Decarbonization and Industrial Transition Summit

Securing the resources to build and finance America's clean energy future

Yemen

Houthi rebels defy US warning with new Red Sea explosion

...Houthi militants detonated a one-way unmanned surface vessel in the Red Sea on Thursday, marking a defiant escalation by the Iran-backed rebel group a day after the US threatened a military response to such...

January 4, 2024

Letter

Letter: A call for collaboration between the NHS and private sector

...Derek BickerstaffConsultant Orthopaedic Surgeon,Chairman, One Health Group,Sheffield, UK...

December 14, 2023

Joe Biden

Joe Biden courts union votes in trip to Midwest car plant

...“This one was personal,” said Fain, who once worked as an electrician at a Stellantis plant in Kokomo, Indiana....

November 9, 2023

US manufacturing

Chinese-backed solar factory stirs suspicions in rural Ohio

...The utilitarian building is due to start production this month as one of the largest solar panel manufacturers in the US....

February 13, 2024

News in-depthDetroit

Detroit Lions’ resurgence puts sporting spin on city’s economic revival

...The biggest municipal bankruptcy in US history touched off a bitter fight between retired public servants and the Wall Street institutions that had bought the bonds, putting both groups into conflict with...

January 29, 2024

Israel-Hamas war

Hamas releases 24 hostages as Israel truce takes hold

...Yaffa Adar, seen on video being taken to Gaza by militants in a golf cart on October 7, is the eldest in the group at 85....

November 24, 2023

Soumaya Keynes

Central bankers are worried about you getting a raise

...The obvious one is that they are part of the general upward drift in prices, which is normally about 2 per cent a year. The best one is that workers are being rewarded for higher productivity....

December 8, 2023

Bitcoin

Traders swoop on bitcoin ‘cash and carry’ trade after ETF launches

...The number of bitcoin futures contracts open at Chicago’s CME Group has climbed to record levels in January as traders target a short-term return from the difference between those contracts and the spot...

January 27, 2024

Anglo American PLC

Anglo American shares suffer biggest one-day fall since financial crisis

...Its plans include cutting production at its Kumba iron ore operations in South Africa and going down to one plant at its Los Bronces copper operation in Chile....

December 8, 2023

Super Tuesday: How the night unfolded

Biden poised to take big leap towards securing Democratic nomination

...“I’m the only one who has ever beat [Trump]. And I’ll beat him again,” he said....

March 5, 2024

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