The Consumer Financial Protection Bureau has ordered American Express to pay more than $75 million to settle claims that it charged improper fees and misled its credit card customers over so-called add-on products like identity fraud protection.
Arden Group, Inc., parent of Gelson's Markets, has entered into a definitive agreement to be acquired by TPG, the global private investment firm, in an all cash transaction valued at approximately $394 million.
Coty, Inc., together with UAE-based luxury goods distributors, Chalhoub Group and Jashanmal, announced the formation of Coty Distribution Emirates LLC, a new joint venture established to strengthen Coty's business in the United Arab Emirates.
Canadian Solar's subsidiary, CSI Holdco LLC, sold two utility-scale solar power plants totaling 4.4 MW DC (3 MW AC) to PSEG subsidiary, PSEG Solar Source. The plants have a 20-year off taking agreement with PG&E.
Kinder Morgan Energy Partners, L.P. has entered into a definitive agreement to acquire American Petroleum Tankers (APT) and State Class Tankers (SCT) from affiliates of The Blackstone Group and Cerberus Capital Management for $962 million in cash.