Investors have agreed to cut PAI’s €5.4bn ($8.1bn) private equity fund in half, giving a second chance to continental Europe’s biggest buy-out group while shrinking it to a more modest size.PAI is expected to announce on Friday that more than two-th
Warming Scandal: Despite the incriminating e-mails, administration science adviser John Holdren still thinks man causes global warming. And Sen. Barbara Boxer thinks it's the whistle-blowers who should be arrested. Time was when Barbara Boxer though
Bank of America on Thursday priced its $18.8bn equity sale at $15 a share, a 4 per cent discount from Wednesday’s close, a person familiar with the matter said. The lender is issuing stock to help repay $46bn of bail-out funds to the US government.
Heightened uncertainty about the US economy clouded the environment for risk assets on Thursday and there was a late bout of selling on Wall Street as investors braced themselves for Friday’s crucial non-farm payrolls report.News of an unexpected co
Among other things, 2009 may be remembered as the year China's pollution-control industry came of age. Back in May, SmartHeat (NasdaqGM:HEAT - News) migrated to the Nasdaq from a lesser exchange, followed a few months later by Rino International (Na
HARADHEERE, Somalia - In Somalia's main pirate lair of Haradheere, the sea gangs have set up a cooperative to fund their hijackings offshore, a sort of stock exchange meets criminal syndicate. Heavily armed pirates from the lawless Horn of Africa n
07:00 GMT. EUROPEAN OPENING SNAPSHOT. Investors scrambled to buy yen and dump stocks on Friday as the fallout from the Dubai World debt restructuring continued to circle the globe. The Japanese currency saw its second day of strong gains, at one sta
The rush by retail investors into gold has forced the US government to suspend sales of the world’s most popular bullion coin, the American Eagle, after running out of inventories. The shortage, the second since the start of the financial crisis in
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