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Ares and PSP Investments Establish Joint Venture to Invest Up to $2.4 Billion in U.S. Logistics Real Estate

NEW YORK & MONTRÉAL--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES), a leading global alternative investment manager, and the Public Sector Pension Investment Board (“PSP Investments”), one of Canada’s largest pension investors, announced today that an Ares Real Estate fund (“Ares”) and PSP Investments have established a new joint venture to invest up to $2.4 billion in logistics real estate opportunities in the U.S. The joint venture combines Ares Real Estate’s vertically integrated...
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Jon Hancock to Retire from AIG

NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Jon Hancock will retire as Executive Vice President and Chief Executive Officer, General Insurance and transition to the role of Senior Advisor effective December 31, 2026, following more than six years in executive leadership roles at AIG and a distinguished, 40-year career in the insurance industry. As Senior Advisor, Mr. Hancock will report to Eric Andersen, President & Chief Executive Officer...
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Luis Fernandez-Moreno Elected to Celanese Board of Directors

DALLAS--(BUSINESS WIRE)--Luis Fernandez-Moreno Elected to Celanese Board of Directors...
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Ares et Investissements PSP créent une coentreprise pour investir jusqu'à 2,4 milliards $ US dans l'immobilier logistique américain

NEW YORK & MONTRÉAL--(BUSINESS WIRE)--Ares Management Corporation (NYSE : ARES), un gestionnaire d’investissement alternatif mondial de premier plan, et l’Office d’investissement des régimes de pensions du secteur public (« Investissements PSP »), l’un des plus importants investisseurs pour les régimes de pensions au Canada, ont annoncé aujourd’hui qu’Ares Real Estate (« Ares ») et Investissements PSP ont mis sur pied une nouvelle coentreprise en vue d’investir jusqu’à 2,4 milliards de dollars...
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Owens Corning Elects Michael DeVito to Board of Directors

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a branded building products leader, today announced that Michael DeVito, former Chief Executive Officer of the Federal Home Loan Mortgage Corporation (Freddie Mac), has been elected to the company’s Board of Directors. He has been appointed to serve on the Audit Committee and the Finance and Technology Committee."We are pleased to welcome Michael to our Board of Directors. He brings nearly four decades of leadership experience in housing,...
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Phillips 66 to announce third-quarter financial results

HOUSTON--(BUSINESS WIRE)--Phillips 66 executive management will host a webcast at noon ET on Oct. 28, 2026, to discuss the company’s third-quarter 2026 financial results....
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Regions Bank Increases its Prime Lending Rate

BIRMINGHAM, Ala.--(BUSINESS WIRE)--Regions announced an increase in its prime lending rate effective Thursday, Sept. 17....
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Citi Raises Base Rate

NEW YORK--(BUSINESS WIRE)--Citibank, N.A. said today it has raised its base lending rate to 7.00% from 6.75%, effective tomorrow, Thursday, September 17, 2026. About Citi Citi is a preeminent banking partner for institutions with cross-border needs, a global leader in wealth management and a valued personal bank in its home market of the United States. Citi does business in more than 180 countries and jurisdictions, providing corporations, governments, investors, institutions and individuals wi...
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Urban Edge Properties Invites You to Join Its Third Quarter 2026 Earnings Conference Call

NEW YORK--(BUSINESS WIRE)--Urban Edge Properties Invites You to Join Its Third Quarter 2026 Earnings Conference Call...
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Deutsche Bank Increases Prime Lending Rate to 7.00%

NEW YORK--(BUSINESS WIRE)--Deutsche Bank today announced that its New York Branch, Deutsche Bank New York (DBNY), and its affiliate Deutsche Bank Trust Company Americas (DBTCA) have increased their prime lending from 6.75% to 7.00% effective tomorrow, September 17, 2026. About Deutsche Bank Deutsche Bank provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, smal...