U.S. investors' overall confidence fell in July, hurt by the housing slump and rising energy costs, but a buoyant stock market provided a silver lining for individual investments, a survey showed on Monday.
Equipment rental company United Rentals Inc. said on Monday it had accepted a $4 billion takeover bid from private equity fund Cerberus Capital Management LP.
Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.Future residents of the Cottage Gate development in Middletown, New Jersey, may be surprised to learn their granite countertops and two-car garages were paid for by a hedge fund.
Half a world away from the U.S. subprime market's woes, Australian investors are scrambling to uncover what is happening at homegrown hedge fund Basis Capital and Asia's bankers are bracing for credit markets to dry up.
U.S.-based fund manager Harris Associates has built a $1 billion stake in troubled Swiss investment bank UBS, the Sunday Times said in an unsourced report.
U.S. stocks tumbled on Friday, battered by disappointing results from such bellwethers as Caterpillar and Google, and more signals that fallout from the risky subprime mortgage market may spread.
The dollar fell to a record low against the euro on Friday and was on track for its sixth straight weekly decline, weighed down by fears that losses in risky mortgage debt would hurt consumers and slow U.S. growth.
Citigroup Inc., the largest U.S. bank, said on Friday that strong international growth fueled a higher-than-expected 18 percent increase in quarterly profit. Revenue rose faster than expenses for a second consecutive quarter, as Chief Executive Charles Prince continued to emphasize controlling costs.
Billionaire investor Carl Icahn denied on Wednesday that he has a stake in Samsung Electronics Co. Ltd. or is preparing a takeover bid for the company, according to a report.
PNC Financial Services Group Inc., a fast-growing Northeast U.S. regional bank, on Thursday posted a disappointing second-quarter profit, sending shares down to their lowest level in four months.
Scrutiny of banking transactions after 9/11 has led European and Canadian banks to cut back on dealings with Cuba.
Bank of America Corp., the second-largest U.S. bank, said on Thursday quarterly profit rose 5 percent, as private equity and investment banking gains offset lower retail banking earnings and worsening loan quality.
U.S. investors remain confident in the health of the economy and most expect the U.S. stock market to hold near its recent record levels or extend them modestly, according to a Reuters/Zogby poll released on Wednesday.
JPMorgan Chase & Co. said on Wednesday it tripled the amount it set aside for loan losses as home equity borrowers missed payments, hurting the bank's second-quarter net income growth.
Credit Suisse is buying up to 15 percent in Park Hotels in a deal worth up to $55 million, according to reports.
A unit of private equity giant Blackstone Group will buy knee and ankle brace maker DJO Inc. for $1.3 billion, the companies said on Monday.
The hedge fund run by activist investor William Ackman said on Monday it now owns a 9.6 percent stake in Target Corp., adding the discount retailer to its small list of closely watched investments.
European stockbrokers may find it hard to escape unscathed as sweeping regulatory changes lead to a boom in the use of high-tech systems designed to remove the human element from trading and radically reshape markets.
The threatened buyout of student lender Sallie Mae may still go ahead -- but the $25 billion price tag could be negotiated down.
Samsung Electronics reported a quarterly profit decline of 5 percent on Friday but shares rose to a 15 month high following speculation of a take-over bid from U.S. activist investor Carl Icahn.
Companies from Home Depot to Johnson & Johnson are borrowing a page from the private equity playbook by accumulating debt to boost returns - and Wall Street is lending a helping hand.
Partners of private equity firm Blackstone Group may have devised a way to avoid paying tax on $3.7 billion raised largely in the firm's initial public offering last month, the New York Times reported on Friday.
