Private equity firms buy Medline for reported $34 billion

A consortium of private equity firms has reached a deal — reportedly worth about $34 billion — to acquire family-run Medline, the medical supply and equipment company announced Saturday. The leveraged buyout’s value was reported by The Wall Street Journal, which said the acquiring firms — Blackstone Group, Carlyle Group and Hellman & Friedman LLC — had beat out a rival […]

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Consumer credit, GameStop earns, consumer prices

A look at some of the key business events and economic indicators upcoming this week: BORROW AND SPEND The Federal Reserve issues its April snapshot of U.S. consumer borrowing Monday. The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $20 billion in April, less than March’s $25.8 billion rise. […]

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El Salvador president wants Bitcoin as legal tender

El Salvador President Nayib Bukele announced in a recorded message played at a Bitcoin conference in Miami that next week he will send proposed legislation to the country’s congress that would make the cryptocurrency legal tender in the Central American nation. The 39-year-old president, who has maintained approval ratings above 90% and made Twitter his preferred way of communicating, characterized […]

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Olympian Yamaguchi says Japan ‘cornered’ into holding games

Tokyo has been “cornered” into holding the games during the coronavirus pandemic, one of Japan’s best-known Olympians and an executive member of the Japanese Olympic Committee said in an outspoken editorial published Friday. Kaori Yamaguchi said the International Olympic Committee, the government and local organizers are ignoring widespread opposition to the games from the Japanese public. Depending on how the […]

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US adds modest 559,000 jobs, a sign of more hiring struggles

U.S. employers added 559,000 jobs in May, an improvement from April’s sluggish gain but still evidence that many companies are struggling to find enough workers as the economy rapidly recovers from the pandemic recession. Last month’s job gain was above April’s revised total of 278,000, the Labor Department said Friday. The unemployment rate fell to 5.8% from 6.1%. The speed […]

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United Airlines sees a supersonic future

United Airlines aims to bring back supersonic travel before the decade is over with a plane that is currently just an artist’s drawing — even the prototype hasn’t flown yet. The airline said Thursday that it plans to buy 15 jets from Boom Supersonic with an option for 35 more once the start-up company designs a plane that flies faster […]

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