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.
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Billionaire Larry Ellison Rumored to Bid on AEG Sports and Entertainment Empire
The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.
Apple vs. Samsung Lawsuit: Galaxy Nexus Injunction Overturned, iPhone 5 Competition Heats Up
A temporary injunction banning the sale of Samsung Galaxy Nexus smartphones has been overturned, dealing a blow to Apple in its ongoing battle with the South Korean electronics giant.
Chinese Management Triples Volume at Greek Cargo Port, Salaries and Job Protections are Trade-off
Greek's ancient Port of Piraeus is half-owned by the Chinese-owned giant Cosco, which has tripled the volume of cargo traffic there since 2010. The trade-off is in workers' salaries and employment protections.
HouseTrip Raises $40 Million from European Investors
The London-based HouseTrip, which allows users to rent out their homes while they're away, raised $40 million in its third-round of funding, from Europe's three largest venture capital firms.
Latest News
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.
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.
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.
Reuters) - A polarized Washington that cannot find a way around the looming "fiscal cliff" is compounding economic uncertainty, freezing business investment and threatening growth, the IMF's No. 2 official and its top-ranking American said on Monday.
As Europe’s sovereign debt crisis continues and banks grow increasingly selective about making loans for deals involving private equity, European private equity firms are being forced to look elsewhere for the financing they need to complete acquisitions, based on Friday's NYT DealBook article.
Mitsubishi UFJ Lease is Buying U.S.-based Jackson Square Aviation from Oaktree Capital Group for approximately $130 billion.
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.
Starbucks' customers who own smartphones (iPhones and Androids) will be able to pay with the Square Wallet mobile device starting early next month.
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.
