Craft retailer Michaels to go private in $5B deal

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Craft retailer Michaels to go private in $5B deal

Apollo Global Management will take over craft retailer Michaels in a deal that values the company at $3.3 billion. (Wikipedia Commons, iStock). Retailer Michaels has something new on the craft table: a takeover deal from Apollo Global Management.
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GM extends 3 plant shutdowns and adds fourth due to ongoing semiconductor chip shortage

The automaker will also pause production in April and May at its Gravatai, Brazil, factory, which builds vehicles for the local market. GM said that it hasn’t yet needed to reduce output at …
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Papaya Global Raises $100 Million in Series C Funding at Over $1 Billion Valuation

The new funding round was led by GreenOaks Capital Partners and joined by IVP Ventures and Alkeon, with participation from existing investors Insight Venture Partners, Scale Ventures, Bessemer Ventures, Dynamic Loop, New Era and Workday Ventures, …
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Workhorse Sees 'Prolonged Process' to Challenge Postal Award

The Loveland, Ohio-based electric-truck maker met Wednesday with representatives of the Postal Service to learn more about the agency’s surprise decision to award the lucrative contract to Oshkosh Corp.
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Unpacking the Role Government Support Plays in Clean Energy Funds

PBW seeks to track the investment results (before fees and expenses) of the WilderHill Clean Energy Index. The underlying index is composed of stocks of publicly traded companies in the United States that are engaged in the business of the advancement of …
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