Leon Cooperman, founder of hedge fund firm Omega Advisors, also tells CNBC that the stock market is fully valued and that it's not surprising to see volatility.» Read More
Most major European indices are down 1 percent to 2 percent, as more sovereign debt contagion worries spread. Europe’s FT Deutschland newspaper reported that euro zone countries are seeking to push Portugal to accept a bailout package to prevent its bigger neighbor Spain from doing the same. Portugal has denied the report.
We can now decisively say that two of the mega-leveraged buyouts that took place from 2005-2007 were a success.
Stocks ended higher after an initial rocky response to the Federal Reserve announcement it would buy $600 billion in long-term Treasurys the middle of next year in an effort to stimulate the economy's sluggish growth. HP and Cisco rose, while AmEx and Microsoft fell.
Stocks rose after an initial rocky response after the Federal Reserve announced it would buy $600 billion in long-term Treasurys by the end of the second quarter of 2011 in an effort to stimulate the economy's sluggish growth. HP and Cisco rose, while AmEx and Microsoft fell.
Stocks closed modestly higher after a see-saw session as the dollar rose, and investors absorbed the meaning of a large batch of earnings reports and economic news. Home Depot and United Technologies rose, while Bank of America and Alcoa fell.
Stocks rose out of negative territory after rallying earlier in the sessions as the dollar rose, and investors absorbed the meaning of a large batch of earnings reports and economic news. Home Depot and United Technologies rose, while Bank of America and Caterpillar fell.
Stocks pared gains, although remained higher, after several positive earnings reports gave investors a reason to believe the U.S. economy is improving, even as they digested a mixed batch of economic reports. Home Depot and McDonald's rose, while Bank of America fell.
Goldman Sachs, the Wall Street giant, is in talks with at least five potential hirers for traders at its U.S. proprietary trading group headed by Bob Howard.
US private equity firms have approached Morgan Stanley about buying a stake in its troubled real estate funds management business, according to people familiar with the matter. The FT reports.
Stocks ended lower after the Federal Reserve said it would reinvest proceeds from maturing mortgage securities into the Treasury market.
Stocks pared losses after the Federal Reserve said it would reinvest proceeds from maturing mortgage-backed securities into the Treasury market.
Stocks declined Tuesday as the market was rattled by disappointing economic data out of China ahead of the Federal Reserve's statement on monetary policy.
Stock index futures were lower Tuesday ahead of the Federal Open Market Committee (FOMC) meeting, which market watchers expect will lead to new measures to ease monetary policy.
Expect to see highly leveraged, profitless deals as private equity looks to exit into a market that appears interested mostly in the trade, not the company.
Stocks skidded Thursday, led by financials after JPMorgan's earnings failed to impress analysts and a pair of weak manufacturing reports.
Stocks trimmed some of its earlier losses but remained lower Thursday, led by financials, following a pair of tepid manufacturing reports that overshadowed strong earnings results from JPMorgan.
Shares of KKR, the parent of private equity firm Kohlberg Kravis Roberts, are finally trading on the New York Stock Exchange, three years after it initially sought the US listing.
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.