The Accounting Firm Weighing Private-Equity Ownership After Years of Ignoring Calls

Oaktree Capital Management is currently negotiating to sell a minority stake in Hartree Partners, a commodities trading firm it has supported for the past ten years. This move highlights Oaktree's confidence in Hartree's growth and its position as a significant player in the global trading market. Such transactions can attract further investment and enhance Hartree's capabilities, which is great news for the commodities sector.

BASF's decision to sell a majority stake in its coatings unit to Carlyle for $6.7 billion marks a significant shift in its business strategy. By retaining a 40% stake, BASF not only secures a substantial cash influx but also maintains a foothold in the coatings market, which is valued at $8.91 billion post-deal. This move is expected to enhance BASF's financial flexibility and focus on core operations, making it a noteworthy development in the industry.

A judge has temporarily blocked the deployment of the National Guard in Chicago, citing concerns over the reliability of the Department of Homeland Security's assessment regarding local protests. This decision is significant as it raises questions about the federal response to civil unrest and the balance of power between state and federal authorities.

Crowe, a Chicago-based accounting firm, is taking significant steps towards potentially selling a stake in the company by hiring investment bank Harris Williams and an outside auditor. This move marks a shift for Crowe, which has previously ignored calls for private-equity ownership. The decision could open new avenues for growth and investment, reflecting a broader trend in the industry where firms are exploring alternative ownership structures to enhance their competitive edge.

Intellabridge has signed a Letter of Intent to acquire a 70% stake in an electric vehicle charging company, marking a significant step in its expansion into the green energy sector. This acquisition is important as it aligns with the growing demand for EV infrastructure, positioning Intellabridge to capitalize on the increasing shift towards sustainable transportation.

Former President Trump has intensified the ongoing trade war between the U.S. and China by promising new tariffs on Chinese goods. This move could escalate tensions further, impacting global markets and trade relations. The implications of such tariffs could lead to increased prices for consumers and strain economic ties, making it a significant development in international trade.

As grocery prices continue to rise, a recent evaluation of loyalty programs like Tesco's Clubcard and Sainsbury's Nectar reveals their potential benefits for consumers. With discounts on popular items, these schemes may help shoppers save money amidst increasing costs. Understanding the value of these loyalty cards is crucial for consumers looking to make informed choices about their grocery shopping.

Central London's skyrocketing rents are becoming a pressing issue, as only the wealthiest tenants can afford to live in the city's most desirable neighborhoods. This trend is causing a ripple effect, pushing many residents to seek housing in less expensive areas, which could lead to significant changes in community dynamics and local economies. It's a situation that highlights the growing divide in urban living costs and raises questions about affordability and accessibility in one of the world's major cities.

Former President Donald Trump has threatened to impose 100% tariffs on Chinese goods, a move that could escalate trade tensions between the U.S. and China. This threat comes as part of his ongoing criticism of China's trade practices, which he claims harm American businesses and workers. If implemented, such tariffs could lead to increased prices for consumers and further strain the already complicated U.S.-China relationship, making it a significant issue for both economies.

US President Donald Trump has escalated tensions with China by threatening to impose a staggering 100% tariff on Chinese imports, effective November 1 or sooner. This move comes in response to China's new export controls on rare earth elements, which are crucial for various industries. Trump's comments also cast uncertainty on his planned meeting with Chinese leader Xi Jinping during his upcoming trip to South Korea. This situation is significant as it could further strain US-China relations and impact global markets.

The Los Angeles Times is taking significant steps towards a public stock offering, which could mark a new chapter in its financial journey. This move is important as it may provide the newspaper with the capital needed to invest in quality journalism and expand its reach, ultimately benefiting its readership and the media landscape.