When APF Properties was seeking a partner to acquire an office building in Houston’s ritzy West Loop/Galleria area, it was turned down by 60 investor groups. A year later, it has proved to be one of the best investments in the 19-year history of the New York firm.
Coca-Cola Co. continues to flail as soda consumption declines in the U.S., China, Brazil and elsewhere. Third-quarter profit fell 14%, and Coke lowered its long-term revenue target and warned it will miss profit targets.
An activist adviser for union pension funds is pressing Walgreen Co. to postpone seeking shareholder approval of a major takeover until directors investigate allegations raised by former Chief Financial Officer Wade Miquelon in a defamation lawsuit.
GDF Suez’s board appointed CFO Isabelle Kocher as deputy chief executive, as it moves to prepare the company for the departure of longtime leader Gérard Mestrallet, who will encounter age limits in 2016.