Many Baby Boomers are neglecting a key part of their retirement plans — creating an estate plan. The USAT reports.» Read More
*Blackstone, KKR decline to comment. Oct 10- Top executives at some of the world's largest private equity firms, including KKR& Co LP and Blackstone Group LP, sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.
By Tom Hals and Dan Levine. In its court filing on Wednesday, the IRS opposed Solyndra's plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations- but as much as $350 million in tax breaks that could be used by Solyndra's investors, including Argonaut Ventures.
Oct 10- Fitch Ratings has affirmed Deutsche Bank AG's. The ratings of Deutsche Bank's main subsidiaries have also been affirmed, as were the ratings of all issues. The rating actions on Deutsche Bank have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.
WASHINGTON-- Four years ago, Joe Biden was careful not to appear overly aggressive in his vice presidential debate with Sarah Palin, then a newcomer to the national stage. Now, as he prepares to debate Paul Ryan, a 14- year House veteran and the top Republican budget writer, Biden is less concerned about looking like a bully.
Oct 9- Standard& Poor's Ratings Services said today that it left its' BB+' issue-level rating and its' 3' recovery rating unchanged on Western Gas Partner L.P.' s existing $520 million 4% notes due 2022 after the partnership announced it proposed to make an add-on of up to $150 million to the issue.
DOVER, Del.-- Social service agencies are teaming up with Delmarva Power to discuss wintertime energy issues affecting low-income residents in the mid-Atlantic region. Chris Coons, Dover Mayor Carleton Carey and Felecia Greer, director of the customer advocate office for Pepco Holdings, Delmarva's parent company.
Oct 8- Laredo Petroleum Holdings Inc:. *Announces the launch of secondary public offering. Laredo Petroleum Holdings, Inc., a Delaware corporation, announced today the commencement of an underwritten secondary public offering of 12,500,000 shares of its common stock by affiliates of Warburg Pincus LLC, the selling stockholders.
Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.
WASHINGTON, Oct 7- He has been stereotyped as the Obama administration's gaffe-prone sideshow. But Vice President Joe Biden also is a veteran debater who was in the U.S. Senate for a quarter century and is perhaps the Democratic White House's most passionate defender of the working class.
The announcement Friday by Lehman Brothers Inc and Lehman Brothers International Europe comes four years after Lehman, once Wall Street's fourth-largest investment bank, filed for bankruptcy at the height of the 2008 global financial crisis.
Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in asset claims, a major step toward customers and creditors recovering money.
The Food and Drug Administration urged physicians not to use any products at all from the Massachusetts pharmacy that supplied the preservative-free methylprednisolone acetate.
Oct 5- The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.
Oct 5- Fitch Ratings has affirmed the Issuer Default Ratings of WGL Holdings, Inc.. and Washington Gas Light Company at' A+'. For the latest 12 months period ending June 30, 2012, WG comprised 81.6% of consolidated EBITDA.
Oct 4- The trustee liquidating Lehman Brothers' U.S. brokerage has reached a settlement with its former derivatives unit that will reduce to $550 million an original claim of $6 billion, according to court documents.
CEMEX Finance LLC is a wholly-owned subsidiary of CEMEX S.A.B. de C.V. and is incorporated for an unlimited period of time as a private limited liability company under the laws of Delaware.
To be sure, Fidelity surveyed just 1,200 advisers and brokers at broker-dealers, banks, wirehouses, insurers and registered investment advisors- a small fraction of a group that research firm Cerulli Associates estimates at more than 300,000..