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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: private equity

private equity stories: 96 news summaries

41 - 60 of 96 Stories | << Prev 1 2 3 4 5 Next >>

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Rangel Pushes Corporate
Tax-Rate Cut

Tax-rate trim from 35% to 31% would be offset by eliminating tax breaks

Oct 23, 07 8:12 AM CDT
(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... More »

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private equity • hedge fund • Charles Rangel • corporate tax

Chrysler to Cut Non-Union Jobs

Automaker slashes non-unionized jobs to avoid GM's fate

Oct 9, 07 2:27 PM CDT
(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... More »

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

Sallie Mae Sues Spooked Suitors

Student-loan giant refuses to renegotiate $25B buyout deal

Oct 9, 07 5:45 AM CDT
(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... More »

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

$25B Sallie Mae Buyout
on the Rocks

Credit market implosion leaves buyer looking for the door

Sep 27, 07 9:52 AM CDT
(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... More »

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

Nursing Homes Raise Profits, Cut Care

Private equity firms buying up, stripping down facilities

Sep 23, 07 5:04 PM CDT
(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,”... More »

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

Feds to Charge Hsu on Pyramid Scheme, Dem Fundraising

Some of missing money said to be donated

Sep 20, 07 11:15 AM CDT
(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... More »

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

KKR Prepares for Test of Credit Markets

Fate of pending deals may foretell future
of private equity

Sep 11, 07 8:17 AM CDT
(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... More »

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

House Targets Hedge-Fund Tax Deferments

New bill would cut tax deferrals on overseas income for managers

Sep 7, 07 7:56 AM CDT
(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.... More »

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

Home Depot Deal Renovated

Price for wholesale unit slashed

Aug 27, 07 5:37 AM CDT
(Newser) - The sale of Home Depot's wholesale supply unit—threatened by the credit crisis —is going ahead after tense negotiations between Home Depot, private equity firms buying the company and banks providing the financing. Home Depot slashed its price 18% to $8.5 billion and guaranteed some of the loans... More »

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private equity • Bain Capital • LBOs • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • HD Supply • Clayton Dubilier and Rice • JPMorgan Chase

Banks Might Derail Home Depot Deal

Private equity threatens lawsuit as financing dries up

Aug 24, 07 7:10 AM CDT
(Newser) - The pending sale of part of Home Depot took an ugly turn last night as three banks and three private equity firms entered into a showdown over financing. Home Depot dropped its asking price by over $1 billion, but the banks involved—JPMorgan Chase, Lehman Brothers and Merrill Lynch—have... More »

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private equity • Carlyle Group • Bain Capital • Merrill Lynch • Lehman Brothers • Home Depot • buyout • credit crisis • JPMorgan Chase

Credit Jitters
May Put KKR
Offering on Ice

Private equity firm denies reports its
IPO will be delayed

Aug 23, 07 7:45 AM CDT
(Newser) - The Times of London claims that buyout firm KKR has postponed plans for a $1.25B float and a public listing because of the fallout from turbulent credit markets. The company had planned its IPO this September but has reportedly pulled back due to waning investor confidence following the subprime... More »

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private equity • Carlyle Group • subprime mortgages • Kohlberg Kravis Roberts • KKR • IPO • credit market

Wall Street Bonuses To Sink

Market crisis hits paychecks

Aug 22, 07 12:31 AM CDT
(Newser) - The credit crisis, which has surged across the global financial infrastructure like a tsunami, washing away millions of share prices, is about to hit one of Wall Street's most hallowed traditions —the fat bonus. The extra pay for all but an elite few may be cut for the first... More »

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private equity • Wall Street • Goldman Sachs • Bear Stearns • hedge fund • credit crisis • bonuses • Whitney Group • Options Group • Glocap Search • financial crisis

Buffett Turns Wall Street's Frown
Upside Down

Star investor hunts
for lucrative bargains

Aug 21, 07 3:43 PM CDT
(Newser) - Wall Street may be seeing red after weeks of volatility and losses, but Warren Buffett is seeing green as he goes bargain-hunting for the same kind of junk bonds and stocks that have netted him nearly $50 billion, the Journal reports. Downtrodden deal-makers are hoping the star investor will use... More »

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private equity • Wall Street • Warren Buffett • subprime mortgages • Countrywide • Berkshire Hathaway • junk bonds

Nasdaq Debuts $100M Fat Cat Exchange

High-rolling private bourse will be free from federal regulation

Aug 14, 07 9:35 AM CDT
(Newser) - Nasdaq is launching a regulation-free private stock market for the super-rich, offering those who can pony up at least $100 million access to the first-ever private investment exchange. Any private company can then sell stock to these elite shareholders, without having to worry about making their finances public—or being... More »

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private equity • Wall Street • IPO • Nasdaq • markets • Portal Market

Dow Tumbles Over 380 Points

Year's second-worst loss falls on heels of solvency fears

Aug 9, 07 4:47 PM CDT
(Newser) - The Dow Jones lost nearly 3% of its value today, tumbling 387.18 points to 13,270.68 in the second-worst drumming of the calendar year. Trading curbs were in place early, after BNP Paribas froze funds that took a bath in the US credit market and Chinese exchanges crashed... More »

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private equity • housing market • Dow Jones • subprime mortgages • hedge fund • stock exchange • BNP Paribas • S&P 500

Corporate Buyers Muscle In on Private Equity Deals

Credit squeeze puts business-as-usual on hold

Jul 31, 07 6:40 AM CDT
(Newser) - Corporations have the upper hand over private equity firms in acquisitions for the first time in years because of chaos in the debt markets, the Wall Street Journal reports. Private equity firms are stalled until the credit situation stabilizes and they can sell off some of their debt. Corporate buyers... More »

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private equity • Time Warner • Comcast • debt • Virgin Media • Ford • acquisition • Cadbury Schweppes • Ingersoll Rand

Schumer Bucks Party on Wall
St. Tax Hikes

Leading Dem torn between monied
base, middle class

Jul 30, 07 3:07 PM CDT
(Newser) - Rejecting populist piety, Chuck Schumer is opposing legislation that would double tax rates for private equity and hedge fund executives, arguing that he’s torn over the measures but contending that they unfairly target an industry critical to his constituency. The New York Times reports the senator, the only Democrat... More »

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Congress • private equity • Charles Schumer • taxes • legislation • hedge fund • Charles Grassley • senator

Big Biz Lobbyists Sit Out Private Equity Tax Fight

Other bankers
unmoved to defend their tax advantages

Jul 30, 07 11:51 AM CDT
(Newser) - Two big business lobbying groups are sitting out the fight in Congress over increasing taxes on private-equity earnings—in part, the Financial Times reports, because many of their members are threatened by the rise of private equity.  Big firms like Blackstone pay traditional banks hefty fees for the underwriting... More »

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private equity • taxes • bank • Business Roundtable • Financial Services Forum • lobbying

Wall Street Jittery After Drop

Markets jittery after stock drop

Jul 30, 07 4:47 AM CDT
(Newser) - Wall Street has a case of nerves. After last week's market drop, the worst in five years, investors shouldn't expect any more "Merger Mondays" for some time to come, the New York Times predicts. Instead opening the week with big new deals, to send the market to new highs,... More »

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investing • private equity • stock market • Wall Street • debt • bank

Credit Crunch Rocks LBOs

Fears of risky debt ripples through global markets

Jul 27, 07 6:27 AM CDT
(Newser) - Leveraged buyouts, which have fueled Wall Street booms with offers of huge premiums on shares of target companies, are sputtering to a halt, the Wall Street Journal reports. Private equity firms, which just weeks ago were predicting acquisitions worth $100 billion and more, are now finding large-scale borrowing too expensive... More »

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private equity • Wall Street • leveraged buyouts • LBOs • finance

41 - 60 of 96 Stories | << Prev 1 2 3 4 5 Next >>


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