Miranda Davis

Chicago

Reporter covering money and power in Chicago and the Midwest for @business. “There were two Americas in Chicago, but there always are.” Opinions are my own.

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Articles

Griffin Sells Two Chicago Condos for Combined $15.9 Million

1 week ago | bloomberg.com | Miranda Davis

Ken Griffin(Bloomberg) -- Billionaire Citadel founder Ken Griffin has sold two more of his Chicago condos in transactions totaling $15.9 million. The sales at No. 9 West Walton in the city’s exclusive Gold Coast neighborhood closed Tuesday, according to data collated by public-listing site Zillow. Griffin sold the 36th-floor unit for $8.5 million and the 35th- floor apartment for $7.4 million. reported the sales earlier.
‘Grow or Die’ Drives 110-Year Old Chicago Broker to StoneX Sale

1 week ago | news.bloomberglaw.com | Miranda Davis |Michael Hirtzer

R.J. O’Brien & Associates started life in late 1914 as John V. McCarthy & Co. to sell butter and eggs on a cart through the streets of Chicago. Over the next century, the firm expanded to broker and clear a dizzying array of futures and financial instruments from London to Dubai to Singapore. Now, the family that controls R.J. O’Brien has agreed to sell it to New York-based StoneX Group Inc., a fast-growing financial services firm, for $900 million.
‘Grow or Die’ Drives 110-Year Old Chicago Broker to StoneX Sale

1 week ago | bloomberg.com | Miranda Davis |Michael Hirtzer

Buildings along the Chicago River in the Loop neighborhood of Chicago, Illinois, US, on Friday, May 12, 2023. Hollowed-out downtowns are a depressing characteristic of American cities right now and Chicago, the third-largest city in the US, faces challenges that threaten its status as one of the main global financial hubs. Photographer: Christopher Dilts/Bloomberg(Bloomberg) -- R.J. O’Brien & Associates started life in late 1914 as John V.
StoneX Buys Chicago Brokerage R.J. O’Brien for $900 Million

1 week ago | news.bloomberglaw.com | Miranda Davis

StoneX Group Inc., the New York-based financial services company, agreed to buy R.J. O’Brien & Associates in a $900 million deal to bulk up in global derivatives. Founded in 1914, Chicago-based R.J. O’Brien is the oldest US futures brokerage and clearing firm, the companies said Monday in announcing the deal. The firm was the last surviving founding member of the Chicago Mercantile Exchange, which opened in 1919.
Chicago Developer Sterling Bay Forced to Give Bank Part of Lincoln Yards Project

3 weeks ago | bloomberg.com | Miranda Davis

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Pritzker Heads to Mexico to Talk Trade as Trump Readies Tariffs

3 weeks ago | bloomberg.com | Miranda Davis

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Funding Cuts Are Overloading Food Banks While Hurting US Farmers

1 month ago | bloomberg.com | Miranda Davis |Kim Chipman

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Northwestern CIO Building Cash Reserves, Trimming Private Equity

1 month ago | bloomberg.com | Janet Lorin |Miranda Davis

Northwestern University’s investment chief wants to increase cash reserves while scaling back private equity in the school’s $14.3 billion endowment as colleges across the country brace for market turbulence. The cash allocation is set to rise to as much as 7% from no more than 5%, said Chief Investment Officer Amy Falls. Private equity holdings would be trimmed “at the margin,” she said, without quantifying the potential reduction.
Chicago Added as Host City for Premier League’s Summer Series

1 month ago | bloomberg.com | Miranda Davis

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
Holcim Weighs Move to Downtown Chicago for Planned US Spinoff

1 month ago | bloomberg.com | Miranda Davis |Isis Almeida

Swiss cement giant Holcim Ltd. is weighing a move to downtown Chicago for the planned spinoff of its North American operations, according to a person familiar with the matter. The newly formed company, to be named Amrize, is currently considering relocating to the Loop, as Chicago’s central business district is known, said the person, who asked not to be identified because a final decision has yet to be made.