Real estate developers are betting big on U.S. housing for the elderly, preparing for a surge in demand as the population of senior citizens almost doubles in the next 35 years. They may be building too fast.
U.S. Representative Michele Bachmann ’s scene-stealing debut and former Massachusetts Governor Mitt Romney ’s gaffe-free debate performance boosted their candidacies for the Republican presidential nomination in ways that could reshuffle the race, party strategists and activists said yesterday.
Simpson Thacher & Bartlett LLP is advising Hellman & Friedman LLC, the buyout firm co-founded by Warren Hellman, which agreed to buy Hub International Inc. in a transaction that values the insurance broker at about $4.4 billion. Kirkland & Ellis LLP represents Apax Partners and Hub in the sale.
Exelon Corp., the largest U.S. nuclear power producer, may begin to see its low-emissions strategy pay off -- four years after it lost a fight for climate legislation it told investors would add $1.1 billion in annual earnings.
Kathy DePasquale says she hasn’t ruled out voting a second time for President Barack Obama. Yet first the New Hampshire independent plans to pull a lever in the nation’s premier primary contest for Jon Huntsman Jr., the Republican she sees as the clearest-headed alternative.
Evergreen Capital Partners Ltd., which returned 36 percent in its Australian real estate and infrastructure fund in the year to April, plans a hedge fund to invest in the assets globally amid demand for higher yields.