Apax Partners raises $7.5 billion private equity fund
NEW YORK (Reuters) – Apax Partners LLP said on Friday it had raised $7.5 billion for its latest global private equity fund, Apax VIII, two years after it approached investors with the goal of raising $11.8 billion (9 billion euros) from them.
Murdoch’s Sun tabloid editor Mohan moves to new News Corp role
LONDON (Reuters) – Britain’s top-selling Sun newspaper, one of the Rupert Murdoch-owned tabloids at the center of a large criminal investigation, said on Friday its editor Dominic Mohan was moving on to a role advising the chief executive of the new Ne…
Starbucks raising some U.S. cafe drink prices
NEW YORK (Reuters) – Starbucks Corp will increase the price of some of its beverages in U.S. company-operated cafes by as much as 10 cents, the first price change in up to two years, a spokeswoman said on Friday.
Proxy war raises pressure on Vivus to fatten Qsymia sales
(Reuters) – A proxy war with its top shareholder is building up the pressure on Vivus Inc to quickly ramp up the sales of its diet drug, Qsymia, as skepticism grows among investors and analysts about the medicine’s potential.
U.S. Fed delays probe deadline of premature March minutes release
WASHINGTON (Reuters) – The U.S. Federal Reserve said on Friday it would miss a deadline to finish an investigation into its inadvertent release in April of market-sensitive policy documents, which were sent out a day early in an embarrassing lapse of c…
Fund manager gets 11 years for Facebook, Groupon shares scam
NEW YORK (Reuters) – Former fund manager John Mattera was sentenced to 11 years in prison on Friday, after pleading guilty of defrauding investors of $13 million with a story that he put their money in Facebook Inc and Groupon Inc shares before the com…
Fed could start to trim asset program in September, economists says: Reuters poll
(Reuters) – The Federal Reserve will start trimming its monthly spending on asset purchases before the end of the year, and it could do so as soon as September, a Reuters poll of economists showed on Friday.
U.S. arms makers emerging hopeful in face of budget cuts
PARIS (Reuters) – The fallout of U.S. defense budget cuts was plain to see at this week’s Paris Airshow in a range of scaled back displays that in the past were packed with a crowd-pleasing array of U.S. military hardware.
June auto sales on pace for best showing since December ’07: study
DETROIT (Reuters) – June auto sales are on track for their best month since before the 2008-2009 sales plunge that helped lead to bankruptcies for two of the three top U.S. automakers, two leading forecasters said on Friday.
Bernanke bond announcement ‘inappropriately timed:’ Fed’s Bullard
WASHINGTON (Reuters) – St. Louis Federal Reserve Bank President James Bullard on Friday issued a sharp rebuke of his colleagues’ decision this week to announce a plan to reduce the central bank’s bond buying, calling the move premature and worrying the…
