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Over the last few weeks, the private equity industry has taken a verbal beating. Rivals of Republican frontrunner Mitt Romney have attacked his tenure leading Bain Capital, one of the industry’s most successful firms, portraying him as a ruthless, Gordon Gekko-style predator who left a trail of bankrupt companies and lost jobs in his wake. So [...]
Do you have $185,000 lying around? If so you can apply to purchase one of the web’s new addresses via the Internet Corporation for Assigned Names and Numbers (ICANN), which runs the web’s domain-name system.
Steve Rattner spent three decades on Wall Street and co-founded the Quadrangle Group, a well-known private equity firm, so it’s not surprising that he might want to defend the honor of the industry that made him rich — especially now that it’s under attack from both the left and right. What’s curious is that Rattner, [...]
GOP Rivals Hammer Frontrunner’s Private Equity Past at Bain Capital
As Wall Street’s biggest banks prepare to report fourth quarter earnings for 2011, many analysts expect the results to cap off a horrible year — at least by their formerly high-flying pre-recession standards. As a result, bonuses, which are tied to performance and typically represent the bulk of bankers’ compensation, are expected to be sharply [...]
Last year, for the first time in history, digital music sales exceeded physical sales, according to a newly released Nielsen/Billboard report cited by CNNMoney. In 2011, digital music sales climbed past physical sales to take a 50.3% market share of all music purchases. In a continuation of a multi-year trend, digital sales increased by 8.4% [...]
The U.S. economy showed increased signs of life Thursday as new data indicated that companies are hiring more workers and fewer people are filing for unemployment benefits. The positive signals are more evidence that the economy is continuing its slow but steady comeback from the worst recession in decades.
The U.S. auto industry is revving its engine heading into the new year. The three largest domestic carmakers posted strong gains to close out 2011 in another sign that the U.S. economy is coming back to life following the Great Recession. Chrysler led the pack, reporting a 26% jump in sales highlighted by its best [...]
U.S. stock prices jumped higher on the first trading day of 2012 after new economic data showed gains in construction and manufacturing activity. Meanwhile, oil prices surged amid escalating tensions between the U.S. and Iran, which has threatened to close the strategically important Strait of Hormuz shipping channel.
Bank of America, the second largest U.S. bank by assets, fell more than 5% on Monday to below $5 per share for the first time in 2011, and the lowest level since March of 2009. The $5 threshold is more than just a psychological barrier: Some money managers have a policy against holding stocks cheaper [...]
Saudi Prince Alwaleed bin Talal, one of the richest men in the world and a prominent shareholder in several major Western corporations, has purchased a $300 million stake in Twitter, the increasingly influential microblogging service. Prince Alwaleed, through his investment company Kingdom Holding, now holds a 3% position in Twitter, which is valued at roughly [...]
