Bloomberg Markets
Triton Partners is nearing a deal to buy Flender GmbH, a provider of mechanical and electrical drive technology, in a transaction valuing the firm at about €3 billion ($3.5 billion), according to people familiar with the matter.
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MarketWatch
“Go to Walmart and pay off someone’s layaway account.”
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NY Times Business
A Mellon heir transferred the adjacent Connecticut properties, covering about 300 acres, at no cost to Children’s Health Defense last year.
Bloomberg Markets
Federal Reserve Bank of Cleveland President Beth Hammack said it’s reasonable to keep rates steady for now due to uncertainties around the economic outlook, but “it may soon be appropriate for policy to act to address the growing risks of persistently elevated inflation.” Hammack spoke Tuesday at an event in Cleveland. (Source: Bloomberg)