Rajat K. Gupta, the former Goldman Sachs director accused by the government of passing insider information about the Wall Street firm, had tried to resign from the Goldman board in the middle of the 2008 financial crisis, only weeks before he is said to have provided the tips to the hedge fund manager Raj Rajaratnam, the New York Times reports.
By all accounts a group of private equity firms led by Apollo are working hard to submit a bid for Sara Lee, but there are plenty of question marks about whether such a deal will get to the finish line.
Stocks bounced off the lows of the session but ended lower as disappointing economic news halted the market's rally and as Merck dragged down the Dow amid problems with a key blood-clotting drug. Merck and Alcoa slumped, as Home Depot rose.
Stocks slumped more in the final hour of trading as disappointing economic news halted the market's rally and a disappointing drug trial for Merck dragged down the Dow. Merck and Alcoa fell, while Home Depot rose.
Cramer makes the call on viewers' favorite stocks.
So as M&A fever hits a milestone, it seems private equity senses the moment is ripe for a public debut. Yet Blackstone—which just Tuesday raised $15 billion in its largest-ever fund— has performed miserably as a public entity: trading at around $14 per share, down more than 50 percent from its IPO price of $31. So why are some money managers seeing opportunity in private equity stocks this time around?
Stocks finished the week lower Friday during a shortened trading session amid lingering uncertainty surrounding Europe's debt worries and a warning from North Korea.
Stocks were under pressure during a shortened trading session Friday amid lingering uncertainty surrounding Europe's debt worries and a warning from North Korea.
Stock index futures pointed to a 1 percent drop at the open Friday ahead of a shortened post-holiday session, as investors fled from risk on worries that euro zone debt problems may continue to spread.
Stocks closed modestly higher after rising in the last minutes of trading Friday to end relatively flat for the week. Disney and Boeing fell, while HP rose.
Stocks were slightly higher heading into the close of trading Friday, but the late-session boost may not be enough to push the markets higher for the week. Disney and Boeing fell, while HP rose.
Stocks declined, although prices were off their lows of the session, on news that China would take a second step to tighten monetary conditions. Disney and BofA fell, while GE rose.
U.S. stock index futures fell ahead of the open Friday after China announced a second measure to tighten monetary conditions in two weeks. China's decision was released at the same time Federal Reserve Chief Ben Bernanke was speaking in defense a Federal Reserve policy to stimulate the economy.
Cramer makes the call on viewers' favorite stocks.