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Treasury sells big chunk of AIG stock at a profit

The U.S. government cut its stake in American International Group Inc to about 21.5 percent on Monday.


Deals of the day -- mergers and acquisitions

Bids, mergers, acquisitions and disposals. The following bids, mergers, acquisitions and disposals were reported by 1000 GMT on Tuesday: ** Plains Exploration & Production Co will borrow $7 billion -- more than its market value -- to buy BP Plc's stake in some deepwater Gulf of Mexico wells in a $5.

CVC, Goldman eye $3.8 billion debt-for-equity swap for Australia's Nine: sources

Goldman Sachs and private equity firm CVC Capital Partners Ltd have proposed a debt-for-equity swap for CVC's Australian television network Nine.

Blackstone names adviser to chase Australia deals

Global private equity fund Blackstone Group LP has appointed James Carnegie as a senior adviser as the firm chases buyout opportunities in Australia.


Latest News

News and developments in Asia private equity from Reuters News for the week ending Sept. 7. News and developments in Asia private equity from Reuters News for the week ending Sept.
A report prepared on behalf of the California State Teachers' Retirement System (CalSTRS) highlights the challenges of outperforming public markets even in the long term..
Tax planners are developing ways to help well-to-do U.S. clients avoid the full impact of taxes set to take effect next year.
Rabobank's asset management arm, Robeco, is expected to fetch more than 2 billion euros. Rabobank's asset management arm, Robeco, is expected to fetch more than 2 billion euros ($2.
The U.S. government is gearing up for a politically charged fight over Solyndra's bankruptcy plan.
It's uncertain whether New York state attorney general Eric Schneiderman's investigation of the private equity industry's tax practices will result in big financial settlements.
Singapore sovereign wealth fund GIC and Northstar Pacific Partners have bought a minority stake in PT Triputra Agro Persada.
A joint Russian-Chinese fund will invest over $200 million in a Russian forestry company. A joint Russian-Chinese fund will invest over $200 million in a Russian forestry company under a preliminary deal announced on Friday on the fringes of a summit held to promote economic cooperation in the Asia-Pacific region.
Private equity firm Carlyle Group said its $1.4 billion infrastructure fund agreed to buy U.S. power plant developer Cogentrix Energy LLC from Goldman Sachs Group Inc.
Trulia Inc said it expects to raise up to $100 million in its initial public offering. Trulia Inc said it expects to raise up to $100 million in its initial public offering, as the real estate website seeks to take advantage of a recovery in the U.