Hong Kong's Cube Capital and Marc Faber-backed Leopard Capital are among Asian private equity firms lining up nearly $500 million aimed at Myanmar, hoping to tap into its rich natural resources and fill its infrastructure void, as sanctions on the former pariah state are lifted.
The owners of Getty Images, the world’s largest distributor of stock photos, video and other digital content, have retained bankers to examine a possible sale or public offering of the business they took private four years ago for $2.4 billion. The FT reports.
Wednesday, 16 May 2012 | Posted By:
| Source: CNBC.com
Professional athletes who want their money to last beyond age 40 think about investing it. By now, most people have gotten the memo that there’s money in technology, so some athletes looking to invest have also chosen that sector.
Once a year, top hedge fund managers get together at a charitable event and share their "best ideas" with hundreds of wealthy investors who pay thousands of dollars to rub shoulders with them.
Shares in Australian underwear manufacturer Pacific Brands slumped as much as 10 percent on Tuesday after the company said takeover talks with various parties including KKR & Co have ended without any offers.
Saturday, 12 May 2012 | Source: The New York Times
A week and a half after dismissing concerns about the risky trades being made by a unit at the bank, top executives in a conference room on the 48th floor of the bank’s Park Avenue headquarters realized they had a problem. The New York Times reports.
Regulators are investigating potential civil violations surrounding the $2 billion loss that JPMorgan Chase disclosed on Thursday, raising further questions about the trading activities at the nation’s biggest bank. the New York Times reports.
Carlyle Group plans to price its IPO between $22 and $23 per unit, lower than its initial $23-$25 range, a source familiar with the matter said on Wednesday, as the private equity firm courts stock market investors.
Saturday, 21 Apr 2012 | Source: The New York Times
Confronted with evidence of widespread corruption in Mexico, top Wal-Mart executives focused more on damage control than rooting out wrongdoing, reports The New York Times.
Current TV said Friday afternoon it had terminated the contract of its lead anchor, Keith Olbermann, scarcely a year after he was hired to reboot the fledgling channel in his progressive political image.
Chinese fund managers slashed their suggested equity weightings in March to the lowest level in 21 months on fears that China's economic growth would slow sharply while monetary policies would remain tight, a Reuters poll showed on Friday.
AT&T said Monday it agreed to sell a majority stake in its Yellow Pages business to the private-equity firm Cerberus Capital for $950 million... Read More
In its bid to shave costs, Sears is reported to be shopping its Land’s End brand, but there’s a catch, the retailer wants to still sell Land’s End items in its stores... Read More