U.S. judge tosses BlackRock iShares compensation case
(Reuters) – BlackRock Inc has won the dismissal of a lawsuit claiming it looted securities-lending revenues from iShares exchange-traded funds investors, with a U.S. judge ruling the plaintiffs did not have a right to bring the case against the money m…
Carlyle, Townsend to invest $200 million in China warehouses
HONG KONG (Reuters) – U.S. buyouts firm Carlyle Group said on Thursday it would invest around $200 million with U.S. investment management firm Townsend Group to buy and build 17 warehouses as part of plans to build a logistics platform across China.
Blackstone to pay $85 million to settle lawsuit over IPO
NEW YORK (Reuters) – Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007.
Heir to fortune hidden in Switzerland pleads guilty to U.S. tax fraud
WASHINGTON (Reuters) – An heir to a wealthy New York investment manager’s fortune has pleaded guilty to conspiring with family members to hide more than $12 million from the U.S. Internal Revenue Service in Swiss bank accounts, federal prosecutors said…
Blackstone to pay $85 million to settle lawsuit over IPO
NEW YORK (Reuters) – Blackstone Group LP has agreed to pay $85 million to settle an investor class action lawsuit accusing the private equity giant of not disclosing bad investments before its $4.7 billion initial public offering in 2007.
Hedge fund Karsch Capital to shut down after 13 years: letter
BOSTON (Reuters) – Hedge fund manager Michael Karsch is shutting down his 13-year-old firm, Karsch Capital Management, in order to “think about the next chapter” of his career.
Analysis: India finds price of expats’ patriotism elusive as growth fades
MUMBAI/NEW YORK (Reuters) – The patriotism of wealthy overseas Indians has helped the country avert economic crises in the past and it is little surprise that embattled policymakers are turning to them again to plug a record trade gap that is battering…
U.S. government, two airlines say open to settling merger fight
WASHINGTON (Reuters) – American Airlines , US Airways and the U.S. Justice Department said on Wednesday they were open to settling a court fight over whether the two companies should be allowed to merge, but there was no sign of an imminent agreement.
BRICS agree capital structure for development bank: WSJ
(Reuters) – The BRICS bloc of large emerging economies have agreed on the capital structure for a proposed development bank that aims to reduce their reliance on Western financial institutions, the Wall Street Journal reported.
Wall Street rebounds as energy stocks rise over Syria
NEW YORK (Reuters) – Wall Street rose on Wednesday as energy shares rallied on higher oil prices as the United States and its allies edged closer to military action against Syria.
