ADR stands for American depositary receipt. These securities are effectively a way for U.S. investors to buy stakes in foreign companies, without the complexity of buying shares overseas. A bank or broker holds underlying stock in a company, and issues ADRs …
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Brookfield Asset Management Inc. and a group of investors have offered to acquire the stake in Brookfield Property Partners that they don’t already own, in a $5.9 billion deal to take the real estate company private. The Canadian alternative-asset manager …
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Shares of insurer Genworth Financial Inc. GNW, -8.25% slid 34% in premarket trade Monday, after the company and China Oceanwide Holdings Group Co. Ltd provided an update on their merger agreement. “Given uncertainty around the completion and …
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The mortgage industry had a banner year. Loan originations for 2020 were expected to reach nearly $3.6 trillion, second only to 2003’s all-time high of $3.8 trillion, according to the Mortgage Bankers Association’s December forecast. Refinances fueled the …
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Chipotle Mexican Grill’s newest menu item might make it easier to keep New Year’s resolutions – at least for a limited time. The fast-casual chain announced the nationwide launch of Cilantro-Lime Cauliflower Rice Monday. Chipotle said in a news release the …
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