The letter from pension consulting firm Russell Investments said Blackstone submitted its redemption notice to SAC Capital sometime before May 15 because of ongoing concerns about the insider trading investigation that continues to engulf Cohen's fund.
Orders for long-lasting U.S. manufactured goods rose more than expected, a sign of resilience despite belt-tightening in D.C. and weakness in overseas markets.
Japan's stock market witnessed a second-straight day of heightened volatility on Friday, swinging from gains of 3 percent to deep losses before bouncing back again.
A federal judge expressed a tentative view that the U.S. Justice Department will be able to show evidence that Apple engaged in a conspiracy to increase e-book prices.
The huge volatility in the Japanese market is not surprising given the aggressive monetary policies put in place in the country over the last six months, St Louis Federal Reserve Chairman James Bullard told CNBC.
A.G. Lafley's return as boss at P&G will be beneficial to the company because he "knows where the bodies are buried," management expert Jeffrey Sonnenfeld tells CNBC.
German soccer fans are being charged up to £14,000 ($21,166) for a pair of Champions League final tickets on the black market, the Daily Mail reported on Friday.
Lois Lerner, the IRS official whose unit is at the center of the alleged Tea Party targeting, has been placed on administrative leave and an acting director has been named.
The department-store chain saw its loss more than quadruple — a big miss compared to what analysts had expected. Revenue, however, beat. Shares fell sharply after-hours.
Whether or not the industry ends May with the best monthly sales rate since January depends largely on whether or not dealers enjoy strong business Memorial Day Weekend.
The volatility in the Japanese government debt market has unnerved investors in domestic banks, with the country's top lenders alone holding an estimated $390 billion worth of these bonds.