investment firm

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Probe Targets Finance Firms Over 'Sneaky' Strategy

Bain Capital gets a subpoena

(Newser) - Do private equity firms like Bain Capital use a sly strategy to avoid paying hundreds of millions in taxes? That's what New York Attorney General Eric Schneiderman aims to find out. In recent weeks he issued subpoenas to more than a dozen companies, including Bain, TPG Capital, and Sun... More »

JPMorgan Eyeing Twitter Stake

New $1.2B fund targeting social media

(Newser) - Investment giant JP Morgan is seeking to snap up a slice of Twitter, insiders tell the Wall Street Journal . The firm's new $1.2 billion Digital Growth Fund is in talks to acquire a minority stake in the microblogging site in a deal that would value Twitter at around $4.... More »

Brokers Ditch Big Firms, Hang Out Shingles

Exodus sees decline in big Wall Street's share of client money

(Newser) - Independent financial advisers are gaining on the big Wall Street firms in managing personal assets, as more brokers leave companies they see as unreliable or tarnished. Those heading for the exits are taking many of their clients with them, creating a net outflow in 2009 of about $188 billion in... More »

Winners, Losers in Bank Reform Bill

Big banks and securities firms face tougher standards

(Newser) - The financial reform bill now on its way to the Senate is the biggest such effort since the Great Depression. The Wall Street Journal runs down who wins and loses, beginning with the Winners:
  • Mortgage lenders: The bill doesn't allow bankruptcy judges to adjust the terms of first mortgages.
  • Credit
... More »

James Dean Lives—at Least in New TV Ad

Company's clever spot imagines what actor's live could have been

(Newser) - James Dean is resurrected in a new TV ad for a South African investment firm, the Telegraph reports. The ad depicts Dean advancing through life as if he had he not died at age 24—directing his own films, leading a Vietnam War protest, going to a developing nation on... More »

Investors Storm Housing Market

Aim to take advantage of current low prices

(Newser) - Investors are snatching up cheap houses, hoping to turn a profit when the market picks up, the Wall Street Journal reports. Some are foraging far and wide for potential purchases; others are locals who know the ins and outs of the area market. Investors often make all-cash offers, helping them... More »

Foreign Investment in Iraq Up

American firms may miss early opportunities

(Newser) - European and Asian investors are taking advantage of the recently stabilized Iraqi business climate, USA Today reports. US firms still regard Iraq as too dangerous to invest in, but that attitude may cost them the best opportunities. The firms “who are getting in on the ground floor are not... More »

Gore Joins VC to Invest in Green

Ex-VP will work with Kleiner Perkins to invest in clean technology

(Newser) - Al Gore is joining Silicon Valley's leading venture capital firm in an initiative to invest in green technology. Kleiner Perkins Caufield & Byers, traditionally focused on IT, recently moved into the area of environmentally friendly businesses. Gore will be an active partner with the firm, which has already invested $270... More »

Death Threats Sent to Goldman Sachs

'We are inside. You cannot stop us,' read anonymous letters

(Newser) - Investment powerhouse Goldman Sachs has been the subject of menacing letters sent to newspapers across the country, prompting an investigation by the FBI. "Hundreds will die,"  warn the  letters that have been traced back to Queens, New York. "We are inside. You cannot stop us." More »

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