The company will merge with Capitol Investment Corp. V. Such mergers have become an increasingly popular option for companies that want to begin selling shares.

In tandem with the launch of New Valley Ventures, Vector Group also announced that the new proptech investment vehicle has acquired an ownership stake in lead-to-close agent workflow platform Rechat.

The embattled financial startup plans to file for insolvency as it simultaneously moved toward a deal to sell its operating business to Apollo Global Management.

A shortage of semiconductor manufacturing capacity is a complex problem that government dollars alone won’t solve.

Money managers are pushing for a revision of a Labor Department rule that effectively bars socially focused funds from many retirement plans.