Reuters News

CalSTRS, the big teachers pension fund in California, said it will vote against Kinder Morgan‘s $23 billion takeover of El Paso Corp, writes Reuters. The pension fund cites the deal’s lack of transparency and apparent conflicts of interest as its reason for not supporting the deal. Reuters – CalSTRS, the big teachers pension fund in […]

Siemens Enterprise, backed by the Gores Group, may go public this year.

Indian steel-to-oil conglomerate Essar Group is in talks to raise $500 million to $600 million through a US initial public offering and the sale of a stake of its IT services arm to private equity firms, writes Reuters. Essar’s Aegis is reported to be in talks with Warburg Pincus and General Atlantic to raise as […]

Chesapeake Energy Corp is likely to announce a $250 million partnership with private equity group KKR to invest in US oil and gas fields, the Wall Street Journal reported, writes Reuters. The firms would initially invest in mineral rights and royalty interests in US drilling fields, mainly those focusing on shale and other unconventional energy […]

While Bain Capital co-founder Mitt Romney draws ire and attention to private equity, LPs in the firm are more focused on returns.

At the annual SuperReturn conference, many PE executives acknowledged they still had much to do to repair their image as unscrupulous corporate raiders.

AIG, the bailed out insurer, has sold its $500 mln stake in the Blackstone Group

Sporting what he joked was his "Gordon Gekko" shirt, Irish rock star Bob Geldof cut an unlikely private equity figure on Wednesday as he exalted the industry's virtues and urged top financiers in their annual gathering to invest in Africa.

The 'Net is no longer enough, and Facebook is eager to show investors--and marketing partners--how it will transition its massive user base into revenue in the mobile economy.

The new iPad is coming--will a faster device mean a bigger boom for the app economy?