British buy-to-let mortgage lender Paragon said it is in talks with potential buyers after receiving takeover approaches.

The first bids for the storied Chicago Cubs baseball team and related assets are due by the close of business Friday in an auction that could fetch more than $1 billion, according to a source close to the process.

Samuel Israel III bilked his investors out of $250 million, but they are hoping to recoup some of their money from one of Wall Street’s deepest pockets: Goldman Sachs.

U.S. private equity firm Lone Star on Thursday dismissed reports it had discussed the sale of Korea Exchange Bank  with other parties than planned buyer HSBC, though prospects for the $6.3 billion deal remain uncertain.

SK Telecom, the largest provider of wireless phone service in South Korea, is in talks to acquire Sprint Nextel, the troubled U.S. wireless carrier, according to people familiar with the talks.

Money manager Federated Investors said it is buying prominent fund manager David Tice's Prudent Bear Funds, which specialize in making money on falling stocks.

The Dow fell more than 2 percent Wednesday, followed by similar declines in the S&P and Nasdaq. Here are the day's top five videos.

Private equity firm Blackstone plans to invest more than $1.57 billion in a project to build wind farms in the North Sea to generate electricity, people familiar with the matter said.

Alcoa shares hopped about 4 percent in extended trading Tuesday as the company turned in a profit and sales that were lower than last year but still managed to beat expectations.

Oil prices slid almost $4 Monday, and mortgage-lender worries caused the stock market to fluctuate. Following are the day's top videos.

The “Golden Era” of private equity was an “aberration” and contributed to halting private equity investments in 2008, said Steve Rattner, managing principal of Quadrangle Group.

Commercial lender CIT Group agreed to sell its home lending business to private equity firm Lone Star Funds for $1.5 billion in cash to increase liquidity, and will take a related second-quarter charge of $2 billion.

Australian investment firm Babcock & Brown said on Monday its lenders had agreed to drop a market capitalization-linked review clause to its debt facility, and said it would pre-pay some of the debt.

The U.S. Federal Reserve is considering steps to make it easier for private-equity firms and others to invest in banks, the Wall Street Journal reported on Thursday, a move that could open the door to more capital for cash-starved banks.

The current dip in gold prices is temporary and demand for the precious metal is likely to rise in the medium term, Ronald-Peter Stoferle, international equities analyst at Erste Bank, wrote in a market note Wednesday.