Reuters News

The proposed Volcker rule crackdown on trading and investing by banks could cause gasoline, electricity and natural gas prices to rise, according to a new report, Reuters reported. Released on Wednesday by business information provider IHS Inc., the report seeks to gauge the rule’s impact on energy companies and markets, including oil refineries, natural gas […]

HIG European Capital Partners has offered to buy three French alumina plants from mining group Rio Tinto, Reuters reported Wednesday. Financial details of the deal were not disclosed. Rio Tinto is selling the three plants – located in Gardanne, La Bathie and Beyrede in southern France – as part of a worldwide plan to scale […]

British foreign exchange company Travelex swung back to a profit in 2011 with 377.6 million pounds ($603 million), up from a 2010 loss of 59.6 million. Travelex is majority-owned by private equity firm Apax. Reuters – British foreign exchange company Travelex, whose bureaux de change are prevalent in many of the world’s leading airports, swung […]

Mark Zuckerberg isn't doing conference calls so far like investors had hoped--but Facebook's stock is so hot, he probably doesn't have to do too much glad-handing to have a successful IPO...

The Los Angeles Dodgers are sold to a group of bidders for more than $2 billion--possibly giving New York's Fred Wilpon some pause about why he continues to hobble the Mets with his cash-strapped ownership.

John Mack, whose aggressiveness and affinity for cost cutting as chief executive at Morgan Stanley and Credit Suisse earned him the nickname “Mack the Knife” on Wall Street, has become the latest industry grandee to join Kohlberg Kravis Roberts & Co. as a senior adviser. The private equity firm said on Tuesday that Mack would […]

A Sony-led group has offered concessions to EU regulators in a bid to gain approval for its proposed acquisition of record label EMI‘s music publishing business, Reuters reported Tuesday. Sony, with Blackstone Group, Abu Dhabi’s Mubadala Development Co., Raine Group and movie mogul David Geffen trumped rival BMG for EMI Publishing, whose catalogue includes songs […]

Blackstone Group and Bain Capital plan to take Michaels Stores Inc. public, nearly six years after they bought North America’s largest retailer of arts and crafts for more than $6 billion, Reuters reported Monday. Blackstone and Bain collectively own 93% of Michaels Stores, according to regulatory filings. JPMorgan Chase & Co and Goldman Sachs Group […]

Motor racing group Formula One will pay its private equity owner CVC Capital Partners a dividend of around $1 billion from cash on the company’s balance sheet as part of a loan refinancing, Reuters reported on Tuesday. (Reuters) – Motor racing group Formula One (F1) will pay its private equity owner CVC Capital Partners a […]

Private equity IPOs have been sparse compared to venture capital-backed companies' offerings--but the Blackstone-backed Michael's Stores S-1 could mark the beginning of a change, when it comes.