Carl Icahn was feted by friend and fellow billionaire Leon Black at a charity event for skin cancer.» Read More
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.