George Washington University received three gifts totaling $80 million for its school of public health from charities associated with junk bond pioneer Michael Milken and Viacom Inc. Chairman Sumner Redstone.
The U.S. Securities and Exchange Commission is investigating whether junk-bond pioneer Michael Milken acted as an adviser to Guggenheim Partners LLC in violation of a lifetime ban from the securities industry, a person with knowledge of the matter said.
The U.S. medical-system overhaul will improve the nation’s health and cut costs only if it’s followed by initiatives to curtail the epidemic of obesity and diabetes, said Michael Milken, founder of the Milken Institute.
A group of Energy Future Holdings Corp.’s unsecured bondholders including billionaire Marc Lasry’s Avenue Capital Group are poised to walk off owning the most profitable asset of the bankrupt power producer after engineering a deal to avoid a free-for-all restructuring.
Knowledge Universe Education LLC, the early childhood education and care center operator founded by junk bond pioneer Michael Milken, pulled a $342 million high- yield loan it was seeking to raise, according to Standard & Poor’s.