Chinese private equity funds are emerging in big cities as China promulgates new regulations aimed at creating a homegrown private equity industry, one that Beijing hopes will strengthen the country’s capital markets and fuel private sector growth in an economy overly dependent on government investment.

Blackstone Group's Pinnacle Brands is expected to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, a source familiar with the matter said Thursday.

The famous World War II General George S. Patton used to say that he didn’t judge a man by how high he climbed, but by how high he bounced after hitting the bottom.

Three more large investment firms have raised sufficient capital to participate in the joint partnership with the government to purchase toxic assets from banks.

The Wizarding World of Harry Potter, the keenly anticipated Florida theme park, will open in the spring and allow visitors to tour Hogwarts, buy quidditch gear and drink butterbeer.

Japanese drugmaker Dainippon Sumitomo Pharma plans to offer about $2.7 billion to acquire U.S. drugmaker Sepracor, a source with knowledge of the situation said on wednesday.

Bank of America's Merrill Lynch is in talks with several firms including Blackstone and Apollo Investment Management to sell management rights of its $2.65 billion Asian Real Estate Opportunity Fund, a source with knowledge of the deal said.

Increasingly, the corporations that supply Americans with processed foods are unable to guarantee the safety of their ingredients.