Phil Jackson, who guided the Los Angeles Lakers to five National Basketball Association championships and the Michael Jordan-led Chicago Bulls to six, will advise the Detroit Pistons on their coaching search.
Platinum Equity LLC, billionaire Tom Gores’ Beverly Hills, California-based private-investment firm, said it combined two makers of auto chassis parts into Chassix, with $1.2 billion in annual revenue.
Angry workers at a central France foundry owned by Platinum Equity LLC have placed about 20 gas demijohns converted into “mini-bombs” at the plant set for closure, in a last-ditch attempt to get President Francois Hollande’s attention.
BP Plc, attempting to recover from an oil spill that may cost it $42 billion, said it will sell shares in wind assets worth as much as $3.1 billion in the U.S. in another step to focus on its main oil and gas business.
Don Ahern, who built Ahern Rentals Inc. from mom-and-pop beginnings into an equipment empire with $382 million of annual revenue, is running out of time to keep his company out of the hands of buyout billionaire Tom Gores.
A.M. Castle & Co., a U.S. metals distributor rose the most in more than three years after billionaire Tom Gores’ investment firm Platinum Equity LLC bought a stake in the company and said it might try to buy the rest.