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Press Releases

UPDATE 1-Oaktree CEO sees room to invest 'more aggressively' in stressed China, India debt

HONG KONG, Sept 25- Oaktree Capital Group LLC sees opportunities to invest "more aggressively" in Chinese and Indian distressed debt as the legal and regulatory systems of the countries develop, Chief Executive Jay Wintrob said on Monday. The company has invested in Chinese non-performing loans, Japanese equities as well as Australian private equity and...

Source: Reuters

Correction: Haitians-The Mexican Dream story

TIJUANA, Mexico— In a story Sept. 19 about Haitians settling in Mexico, The Associated Press misidentified the pastor of a Tijuana church. TIJUANA, Mexico— Jose Luis Millan found a new crop of star employees at an upscale Tijuana car wash where customers cross the border from the U.S. to pay up to $950 to have their prized possessions steamed and scrubbed for hours.

Source: The Associated Press

Mexico border crossing to reopen 12 hours ahead of schedule

SAN DIEGO— The busiest border crossing in the United States was set to reopen about 12 hours ahead of schedule Monday after it closed for the weekend to travelers who normally drive through to Mexico. The San Ysidro Port of Entry connecting San Diego to Tijuana closed at 3 a.m. Saturday for work on a $741 million expansion project. There were no significant delays...

Source: The Associated Press

Average US gas price drops 7 cents as refineries bounce back

CAMARILLO, Calif.— The average price of a gallon of regular-grade gasoline fell 7 cents nationally over the past two weeks, to $2.62. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the drop comes as flooded refineries continue to come back online after devastation caused by Hurricane Harvey. Gas in San Francisco was the highest in the...

Source: The Associated Press

'Kingsman: The Golden Circle' dethrones 'It' with $39M debut

NEW YORK— The R-rated spy comedy "Kingsman: The Golden Circle" displaced the horror sensation "It" as the No. 1 film in North America, while the second "Lego Movie" spinoff of the year didn't assemble the expected audience. Matthew Vaughn's sequel returned stars Taron Egerton and Colin Firth, while adding Channing Tatum, Halle Berry and others. "The Golden Circle" also...

Source: The Associated Press

SAP to Acquire Gigya, Market Leader in Customer Identity and Access Management

WALLDORF, Germany, Sept. 24, 2017/ PRNewswire/-- SAP SE today announced it has entered into an agreement to acquire Gigya, a market leader for customer identity and access management. Major independent analyst firms, most recently Forrester Research, 1 have positioned Gigya as a top vendor in this field. "Gigya brings a wealth of skills and expertise that will...

Source: PR Newswire

Silicon Valley's men are embracing 'men's rights' as pushback against gender equality movement

Many in the tech industry had previously dismissed the fringe men's rights arguments, but now some investors, executives and engineers are listening.

Source: The New York Times

The CEO who pulled the plug on a neo-Nazi site says he did it to protect his company

CEO Matthew Prince says he removed Daily Stormer from the internet out of fear of backlash against Cloudflare.


Small cities benefit as southern China project takes off

*Huizhou booms thanks to Greater Bay Area drive. China this year kicked off the development of the Greater Bay Area, made up of 11 cities in southern Guangdong province, plus Hong Kong and Macau located in the Pearl River Delta. One such city is Huizhou, which has some of the lowest home prices in the Greater Bay Area and is benefiting from a plan that aims to mimic the...

Source: Reuters

An Indiana suburb claims the mantle of the best place to live in the US

These towns all offer economic opportunity, a sense of community and a quality education, according to Money Magazine.