NEW YORK-- Food Technology Service is being acquired by private equity firm GTCR for about $20.5 million. If the deal is completed it will become part of GTCR's Sterigenics International business, which runs 39 sterilization facilities around the world. Shares of Food Technology Service Inc. traded as high as $6.75 in August.» Read More
Now for a bit of good news: Rationality may be breaking out in the hedge fund world.
SAC Capital increased its holding in Apple and Greenlight Capital increased its stake in Sprint Nextel, according to new SEC filings.
Intent on fixing a banking system that contributed heavily to the recent financial crisis, lawmakers and regulators pushed Wall Street to overhaul its pay practices. But it turns out that executives have a way to get around those best-laid plans. The NYT reports.
Blackstone is bullish on private equity and real estate again, as market gains in these areas boosted the company's 2010 profit. Blackstone said its net income more than doubled last year on private equity gains.
Apple is dominating the smartphone market with its iPhone. Will it be able to maintain its grip, or will Google take a page out of the PC history book and commandeer the lead?
As Greece tries to dig out of its debt crisis and digest austerity measures, one microbrewer points out a glaring problem in the nation's economic recovery: Outdated government rules are crimping the competitiveness of Greek companies.
Lloyd C. Blankfein, the chief executive of Goldman Sachs, had a rough 2010. But at least he got a raise: his bonus increased by $3.6 million, according to a regulatory filing.
After being on the defensive for the last two years, there were signs that bankers attending the World Economic Forum here were pushing back more assertively against attempts by regulators to cramp their style. The New York Times reports.
Investment advisers and stockbrokers should be subject to the same fiduciary standard of conduct — putting a customer’s interests above their own — rather than the different governance regimes that currently apply to the two groups, the Securities and Exchange Commission recommended on Saturday. The New York Times reports.
The judge in the upcoming criminal trial of accused Ponzi schemer Allen Stanford has set a hearing for next Thursday on Stanford's motion to delay the trial, which is scheduled to begin January 24.
Stephen A. Schwarzman, the chief executive of the Blackstone Group, is Paris-bound. Mr. Schwarzman will spend the next four to six months in France working on international opportunities for Blackstone. The New York Times reports.
A federal appeals panel has upheld a freeze on the assets of more than 300 employees of Texas financier Allen Stanford, who is charged with running a $7 billion Ponzi scheme involving fraudulent certificates of deposit.
The defense attorney for accused Ponzi schemer Allen Stanford says his client is not competent to stand trial next month, and he is asking for a court hearing to prove it.
With the final deadline for litigation having passed at midnight on Saturday, at least 1,000 individual civil lawsuits will now go forward to try to recover more than $50 billion for the victims of the global Ponzi scheme orchestrated by Bernard L.Madoff. The New York Times reports.
Mark Madoff, the older of Bernard L. Madoff’s two sons, was found dead in his Manhattan apartment on Saturday, the second anniversary of the day his father was arrested, the New York Times reports.
Stephen A. Schwarzman has seen the future, and it’s not America. The New York Times reports.
Scores of wealthy but little-known investors made profits from an emergency lending program the Federal Reserve announced in November 2008. The New York Times reports.
Paul McCulley, a member of PIMCO’s committee of investment managers, will retire at the end of the year and will take up a role in a think tank, CNBC has learned.
Opportunities abound in emerging markets, but investors must remain price-conscious, Blackstone Group co-founder Steve Schwarzman told CNBC Thursday.
Federal authorities are examining whether wealthy hedge fund manager Philip Falcone used his giant hedge fund as a personal piggy bank to pay a personal income tax bill. The New York Times reports.