Rich Pzena, Pzena Investment Management CEO and co-CIO, discusses the financial and energy sectors, and Jamie Dimon's bet on JPM. » Read More
Stocks ended flat Monday as a late rally fizzled after the Supreme Court issued a stay, temporarily halting the sale of Chrysler to Fiat.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meaeting.
Stocks opened lower Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Fed may raise rates at its next meeting.
Futures pointed to a lower open for Wall Street Monday as the dollar and U.S. Treasury yields soared on the back of last week's cheerier jobs data, which prompted speculation that the Federal Reserve may raise rates at its next meeting.
The Dow tumbled on Monday as more credit and housing market turmoil battered financial shares.
Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline, clipping consumer-discretionary stocks, including homebuilders, airlines and retailers.
Stocks declined Monday, led by financials after two more banks folded. Oil ticked higher after three straight weeks of decline.
Stocks were mixed Monday as banks rallied and oil gained more than $1 a barrel.
Kohlberg Kravis Roberts's Amsterdam-listed fund jumped 27 percent during morning trading after the private equity group detailed plans for a public offering.
Kohlberg Kravis Roberts plans to brave the turbulent equity markets and list on the New York Stock Exchange this year.
National City is reportedly in talks to sell itself to Cleveland neighbor KeyCorp, among other banks, but the bank is taking a long time to find buyers, triggering investor fears that it will not be able to sell much above its current share price.
National City, which has been battered by the housing downturn, is considering a plan to sell itself to rival KeyCorp, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.
Stocks snapped a three-day losing streak Wednesday as H-P earnings inspired investors to think long term.
Stocks opened lower Wednesday after a report on consumer prices raised concerns -- in an already jittery market -- about the Federal Reserve's reaction.
Asia is weaker (Japan down over 3 percent). Some chatter about a unit of KR asking for restructuring of billions of dollars in short-term debt, reported overnight by the Wall Street Journal in Tokyo. Commodities--including energy, base and precious metals--taking a breather this morning.
KKR Financial Holdings, the listed affiliate of private equity group Kohlberg Kravis Roberts, has again delayed repayment of debt backed by mortgage securities.
Kohlberg Kravis Roberts and Goldman Sachs will cancel their $8 billion takeover for Harman International Industries, but will invest $400 million in convertible notes that the audio systems maker will use for a stock buyback, the companies said Monday.
Citigroup is in talks with private equity firm Kohlberg Kravis Roberts on funding for the purchase of some of the leveraged loans on its balance sheet, the Financial Times reported on its Web site.
Is the credit crunch becoming more of a crumple? There certainly are encouraging signs of life in the credit markets where just a few weeks ago there was a scary paralysis. But it's too soon to call an end to the crisis even though the stock market is clearly taking the improvements to heart.
Two private equity firms have backed out of their $8 billion buyout of upscale audio equipment maker Harman International Industries, making it the latest in a string of such deals to run into trouble amid tightening global credit conditions.