Blackstone’s Stephen Schwarzman and Alibaba’s Jack Ma host US-China Business Leaders Summit

[The stream began at 8:50 a.m. ET and ended at 9 a.m.] Stephen Schwarzman, Blackstone Chairman, CEO, and co-founder, and Jack Ma, executive chairman of Alibaba, co-chaired the inaugural U.S.-China Business Leaders Summit at the U.S. Department of Commerce. The summit...

Why activist investor Nelson Peltz wants Procter & Gamble to see him as a ‘constructivist’

Nelson Peltz hates being called an activist, let alone a corporate raider. The longtime financier, who has made his name investing in companies like Heinz and DuPont and agitating for change, prefers to think of himself as a “constructivist,” someone who...

Trump threatens Venezuela with sanctions, calls Maduro a ‘bad leader’

“The United States will not stand by as Venezuela crumbles. If the Maduro regime imposes its Constituent Assembly on July 30, the United States will take strong and swift economic actions,” Trump said. Maduro’s foes are demanding a presidential...

P&G’s Gillette to women: ‘Welcome to Manhood’

A 50-year-old professor and mother in Tuscaloosa, Ala. A 19-year-old woman in Toledo, Iowa. A 48-year-old man who lives in Seattle. All received free men’s razors from Gillette in recent weeks, along with wishes for a happy 18th birthday and a welcome to manhood...

Sears inks $200 million credit line from CEO Eddie Lampert’s hedge fund, shares jump 9%

Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert’s hedge fund, according to a Monday filing with the Securities and Exchange Commission. On July 13, Lampert’s ESL Partners entered into a short-term line...