Exclusive: Blackstone chases Buffett with ‘core’ private equity
NEW YORK (Reuters) – Blackstone Group LP has reached out to its biggest fund investors about investing in a new investment vehicle with a longer investment horizon than the typical 10-year private equity fund, according to people familiar with the matt…
Madoff victims’ recovery rises to nearly $10.5 billion
NEW YORK (Reuters) – The trustee recovering money for Bernard Madoff’s victims on Tuesday announced two agreements to recoup more than $145 million, boosting the total amount raised to nearly $10.5 billion.
Special Report: In Pentagon deal with Russians, big profit for tiny Florida firm
ATLANTA/MOSCOW (Reuters) – For months, a powerful U.S. senator has been pushing for details of a murky deal under which a Russian manufacturer supplies the rocket engines used to launch America’s spy satellites into space.
Ackman supports Allergan’s $66 billion sale to Actavis
(Reuters) – Activist investor William Ackman said on Tuesday he supports the $66 billion deal in which Actavis PLC will buy Allergan Inc and will withdraw his request for an Allergan special shareholder meeting.
British lawmakers to quiz bankers after forex fines: source
LONDON (Reuters) – British lawmakers will quiz top bankers in the wake of last week’s $4.3 billion (3 billion deal with regulators to settle allegations of collusion and manipulation in the foreign exchange market, a source familiar with the matter sai…
Barclays hires ex-NYSE official to bolster trading after lawsuit
NEW YORK (Reuters) – Barclays Plc said on Tuesday it hired a former senior executive at the New York Stock Exchange to help with the bank’s electronic trading, an area in which it was accused of fraud by the New York attorney general in a pending lawsu…
Gasoline price drop could boost U.S. holiday spending: UPS CFO
ATLANTA (Reuters) – Lower U.S. gasoline prices could boost consumer spending ahead of the holiday season, a critical period for the retail sector, a top executive at United Parcel Service Inc said on Tuesday.
Greece at odds with EU/IMF lenders in ‘tough’ bailout review
ATHENS (Reuters) – Greece is locked in tough negotiations with its foreign lenders, with “nerves stretched” on both sides, the finance minister warned on Tuesday, raising the temperature as Athens tries to exit an unpopular bailout program.
Home Depot sales exceed expectations, but profit misses
(Reuters) – Home Depot Inc on Tuesday reported slightly higher-than-expected quarterly sales as an improving job market encouraged home owners to increase spending on renovations, but earnings came in just below Wall Street estimates.
Brazil’s fallen tycoon Batista goes on trial for insider trading
RIO DE JANEIRO (Reuters) – Eike Batista, once Brazil’s richest man, arrived at a Rio de Janeiro courthouse on Tuesday for trial on charges of insider trading in the run up to the bankruptcy of his oil firm OGX, the largest bankruptcy in Latin American …
