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Dry Powder = Shopping Spree = Elephant Hunt: Private Equity Firms Looking For Big Deals

Private equity firms have more money than they know what to do with and may have to start returning it to investors, according to an article in The New York Times last week.


India's Latest Proposed Business Reforms Favorable for Foreign Investors

Last week the Indian government announced that it was increasing the limits for foreign investment in insurance joint ventures, and opening the pension system to foreigners.

Carlyle Exits India HDFC for $831 Million, Doubling Its Investment

The U.S.-based Carlyle Group sold all of its remaining shares in India's HDFC for $831 million on Thursday night, making it the country's fourth larges equity deal for the year, Reuters repored.

China's Services Sector On Upswing According to HSBC PMI: Reuters

In contrast to China's Official National Bureau of Statistics report, the HSBC Purchasing Managers' Index for September showed the country's services sector recovering, Reuters reported today.


Latest News

Critics give the movie "Taken 2" a score of only 19 percent on Rotten Tomatoes while the audience ranks it at 76 percent.
Shares for the online game-maker Zynga were down more than 20 percent on Thursday, an all-time low at $2.82 in afterhours trading, after reports of expected third-quarter losses, and projected revenue losses for the year.
Keeping up with the demand for Apple's iPhone 5 continues to create problems for the workers in China's Foxconn factories who make them.
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
Former General Electric CEO Jack Welch stirred up a brouhaha with today's tweet: "Unbelievable jobs numbers...these Chicago guys will do anything...can't debate so change numbers," CNN reported.
A seven judge panel ruled on Thursday that 41 lawsuits filed in California, Florida and New York against Facebook, NASDAQ and underwriters connected to the social media's IPO in May be heard in New York, Bloomberg reported.
The most recent report from the Department of Labor showed a 7.8 percent drop in unemployment for September, with 873,000 people added to the payrolls.
Starbucks' customers who own smartphones (iPhones and Androids) will be able to pay with the Square Wallet mobile device starting early next month.
In the midst of an ongoing New York State investigation into the accounting practices of some of the country's largest private equity firms, two Republican Congressmen asked State Attorney General Eric Schneiderman's office to "cease its efforts" with regard to requests for tax information made directly to the entities involved, The Huffington Post reported last week.
Ralls Corp., the Chinese-owned company that was blocked by President Obama on Friday from building four wind farms in Northern Oregon, has added President Barack Obama as a defendant in a lawsuit alleging that the government exceeded its authority, The Wall Street Journal reported Tuesday.