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October 10, 2008 7:29:47 PM CDT

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Stories related to: private equity

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  • October 2007

    • Rangel Pushes Corporate Tax-Rate Cut

      Wall Street Journal  |  Oct 23, 07 8:12 AM CDT

      Rangel Pushes Corporate Tax-Rate Cut

      (Newser) - Rep. Charles Rangel, the Democratic chairman of the House Ways and Means Committee, has proposed a revised corporate tax structure that could lower corporate income taxes from 35% to between 30% and 31%. It would be offset by doing away with tax breaks for manufacturing in the US. The bill is unlikely to move forward this year, but the Wall Street Journal sees it as influencing debate as momentum gathers for a tax overhaul under the next president. More »

      Tags

      private equity  • hedge fund  • Charles Rangel  • corporate tax

    • Chrysler to Cut Non-Union Jobs

      Detroit Free Press  |  Oct 9, 07 2:27 PM CDT

      Chrysler to Cut Non-Union Jobs

      (Newser) - With Chrysler deep in talks on a new contact with the UAW—the clock is ticking on a strike deadline tomorrow morning—sources tell the Detroit Free Press that cuts to non-union employees are in the works. Loss of about 1,600 salaried and contract jobs is expected, on top of the 14,000 layoffs over the next 3 years announced as part of a restructuring in February. More »

      Tags

      General Motors  • Detroit  • private equity  • Chrysler  • UAW strike

    • Sallie Mae Sues Spooked Suitors

      New York Times  |  Oct 9, 07 5:45 AM CDT

      Sallie Mae Sues Spooked Suitors

      (Newser) - College student lender Sallie Mae is suing a group of private equity firms and banks that are backing out of a $25-billion buyout deal. The group—J.C. Flowers & Company, Friedman Fleischer & Lowe, JP Morgan Chase and Bank of America—had set a deadline of today for negotiating new terms, or they'll walk away from the deal, despite a $900-million breakup fee, reports the New York Times . More »

      Tags

      private equity  • JPMorgan Chase  • Bank of America  • buyout  • Sallie Mae  • JC Flowers and Co  • Friedman Fleischer and Lowe

  • September 2007

    • $25B Sallie Mae Buyout on the Rocks

      Wall Street Journal  |  Sep 27, 07 9:52 AM CDT

      $25B Sallie Mae Buyout on the Rocks

      (Newser) - Sallie Mae doesn’t look like such a bargain at $25 billion anymore, and J.C. Flowers & Co. is trying to renegotiate—or escape—its deal to acquire the student lender, citing the credit market implosion and legislation to reform student loan practices. It’s the kind of deal once considered unbreakable, the Wall Street Journal says, but private equity is in disarray. More »

      Tags

      credit market  • private equity  • student loans  • private equity firms  • Sallie Mae  • JC Flowers and Co

    • Nursing Homes Raise Profits, Cut Care

      New York Times  |  Sep 23, 07 5:04 PM CDT

      Nursing Homes Raise Profits, Cut Care

      (Newser) - Caring for grandma has become big business for private firms that are buying nursing homes and making them profit generators. But to do it, they’ve severely cut staff—sometimes below legal levels, the New York Times found. “Chains have made a lot of money by cutting nurses,” said one analyst, “but it’s at the cost of human lives.” More »

      Tags

      private equity  • elderly  • senior citizens  • private equity firms  • nursing homes  • eldercare  • nursing

    • Feds to Charge Hsu on Pyramid Scheme, Dem Fundraising

      Wall Street Journal  |  Sep 20, 07 11:15 AM CDT

      Feds to Charge Hsu on Pyramid Scheme, Dem Fundraising

      (Newser) - Rogue Democratic fundraiser Norman Hsu’s troubles are deepening today, as federal officials are expected to charge the twice-on-the-lam financier with running a $60 million pyramid scheme and breaking campaign-finance laws. Hsu faces accusations that he falsely told investors their money was going into a clothing operation; some of was allegedly routed to political candidates, the Wall Street Journal reports. More »

      Tags

      campaign fundraising  • campaign finance  • private equity  • Norman Hsu  • escape  • pyramid scheme

    • KKR Prepares for Test of Credit Markets

      Washington Post  |  Sep 11, 07 8:17 AM CDT

      KKR Prepares for Test of Credit Markets

      (Newser) - Kolhberg Kravis Roberts is pushing forward with some of the biggest deals in US history, but the iconic buyout firm finds itself under unprecedented scrutiny. Analysts say the huge deals KKR has pending will be a test of the struggling credit markets, the Washington Post reports: If they don't go through, the age of private equity may be over. More »

      Tags

      credit market  • private equity  • hedge fund  • KKR  • Henry Kravis  • First Data

    • House Targets Hedge-Fund Tax Deferments

      Wall Street Journal  |  Sep 7, 07 7:56 AM CDT

      House Targets Hedge-Fund Tax Deferments

      (Newser) - Democratic Rep. Rahm Emanuel said yesterday he will draft a bill to close a loophole that allows private-equity and hedge-fund managers to defer taxes on income earned by funds abroad. Emanuel proposes to limit such tax deferrals to $19,500—the amount anyone can put into a retirement account tax-free. A  Senate bill passed earlier this year included a cap of $1 million on deferrals. More »

      Tags

      private equity  • taxes  • hedge fund  • tax evasion  • income tax  • Rahm Emanuel

  • August 2007