Funding & Business
Larry Ellison Tops Elon Musk As World's Richest, Briefly
Larry Ellison briefly surpassed Elon Musk to become the world’s richest person Wednesday after a jump in Oracle shares added a record amount to his fortune. (Source: Bloomberg)
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Lenders including JPMorgan Chase & Co. and Deutsche Bank AG are providing around €750 million ($879 million) of debt financing to back Apollo Global Management Inc.’s acquisition of German cooling equipment firm Kelvion.
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Construction work at a Hyundai Motor Co. joint-venture battery plant in Georgia that was raided by US immigration authorities is being delayed as the companies involved grapple with worker shortages.
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