HOUSTON and SANTA MONICA, Calif., Sept. 13, 2021 – FloWorks, backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced it has acquired Genesis Systems, a distributor of control valve, regulator, and valve automation products and systems. FloWorks is a leading MRO focused specialty valve, rotating equipment, and flow control distribution platform differentiated by its specialty products and technical solutions for industrial markets. Financial terms of the transaction were not disclosed. [Read more…]
New Marriott Vacations Worldwide in Orlando
ORLANDO, January, 2020 – Marriott Vacations Worldwide Corporation announced today it has signed a contract with an affiliate of Unicorp National Developments, Inc. to develop its new global corporate headquarters. [Read more…]
US economy growth revised
WASHINGTON – The US second quarter economy, grew faster than expected, showing its fastest pace in over two years, however the momentum will probably slow in the third quarter as Hurricanes Harvey and Irma temporarily curbed activity. [Read more…]
Why Global Economic Growth Is Sluggish
There’s bullish talk about a coming pick-up in global economic growth, but for the moment, the signals are negative. Trends in the global economy look increasingly ominous. [Read more…]
Bond Yields Fall to a 500-Year Low
Jeffrey Gundlach, the American fund manager who correctly forecast the surge in bond prices this year, contrary to the overwhelming majority of the experts who got it wrong, remains fundamentally pessimistic about economic growth in the US. [Read more…]
World Bank lowers projection
Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. [Read more…]
Leading Economic Index increases in US
The Conference Board Leading Economic Index® (LEI) for the U.S. increased 0.3 percent in January to 99.5 (2004 = 100), following no change in December, and a 0.9 percent increase in November. [Read more…]
Carl Icahn invests in Apple
Activist investor Carl Icahn picked up another $500 million of Apple Inc shares on Thursday to take his investment in the iPhone maker to $3.6 billion, while ratcheting up his months-long campaign to pry open the company’s cash hoard. [Read more…]
World Economic League Table 2013
The leading economic consultancy Cebr released its annual report The World Economic League Table. The report gives an end of year report on GDP in the 30 largest economies in the world. It also forecasts which countries will be in the ‘Top Thirty’ for 5, 10 and 15 years ahead. [Read more…]
JPMorgan agress to settlement
JPMorgan agrees $13 billion settlement with U.S. over bad mortgages [Read more…]