News

SEC: Apollo Global Management management shake up

The global head of real estate at private-equity firm Apollo Global Management LLC, Joseph Azrack, may retreat from the head role to chairman next year, according to an SEC report.

More hotel deals expected in 2012

The value of hotel deals for the first five months of 2012 came to $5.1 billion, down from $6.4 billion a year earlier, research from Jones Lang LaSalle Hotels indicated as attendees at a New York hospitality industry conference said they expected more hotel transactions this year.

Same-sex spouses may face financial tangles in the U.S.

Christel de Vries, a Dutch outsourcing manager for Accenture, sealed her love for her female partner twice, once in 2001 in Amsterdam under Dutch law and again in 2007 in a civil union in New Jersey. Yet under U.S. federal law, she isn't married — and that is creating obstacles in her divorce.