Apollo third-quarter earnings drop as CEO faces heat from investors

Apollo Global Management Inc, the private equity firm under investor scrutiny over CEO Leon Black’s ties with late financier and convicted sex offender Jeffrey Epstein, reported an 8% drop in third-quarter distributable earnings on Thursday. Distributable earnings (DE) – the cash available for paying dividends to shareholders – fell to $205.1 million from $222.5 million […]

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Cenovus Energy CEO ‘not worried’ about Husky deal approval as results disappoint

The chief executive of Cenovus Energy said he is confident shareholders will approve its acquisition of rival Husky Energy, despite big quarterly losses and a stock sell-off. Cenovus CVE.TO and Husky HSE.TO lost more money than analysts expected and took impairment hits in the third quarter, the companies said on Thursday, adding concerns to a […]

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