The Saga Continues: More fallout at UBS over trading gaffe Seeking Oversight of cheetah traders Might As Well Make a Movie out of That, Too! Michael Lewis backs #OccupyWallSt Going Long: Going wrong. Embarrassing emails over Solyndra emerge How Do You Solve a problem like Lebanon's Internet issues?
Greenleaf Biofuels has closed funding with Sovereign Bank for its initial 10 million gallon per year multi-feedstock biodiesel plant in New Haven, CT. The Connecticut Community Investment Corporation (CTCIC), in conjunction with the SBA 504 program, will assume almost half of the Sovereign term loan once the plant is operational. Sovereign and CTCIC join the State of CT Department of Economic and Community Development and Advantage Capital Partners/Ironwood Capital as financial supporters of the project.
The private equity arm of brokerage CLSA, CLSA Capital Partners said it has invested $22 million for a minority stake in Indian education specialist Resonance Eduventures, according to Reuters.
French insurer AXA, whose private equity business is currently up for grabs, said it was fully committed to delivering its mid-term earnings targets as of the end of September despite the current market environment. Reuters reported from a presentation given by Chief Executive Henri de Castries at a banking and insurance conference on Wednesday.
I admit it; I'm a stock market junkie and have been for years. Just watching the feverline move (and MarketWatch has a nice one that continuously updates), you can feel the adrenaline in the market, up or down.
It has been an exciting time lately, too. Since the start of July, there have been at least a dozen days when the Dow Jones Industrial Average moved by more than 400 points intraday. Not surprisingly, the most volatile days—including two when the day's range was more than 600 points—were during that crazy ...
(Reuters) – Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday. Microsoft joins a host of other companies looking at Yahoo, which has a market value of about […]
Preferred Concepts, which is backed by Stone Point Capital, has promoted Larry Horn to oversee all Client Services activities for the firm. Preferred Concepts, of New York, is a national insurance program administrator and specialty broker.
The Carlyle Group has taken a controlling stake in WorldStrides, a student travel organization. Financial terms of the deal, which closed yesterday, weren't disclosed. Charlottesville, Va.-WorldStrides provides supplemental educational student travel programs. The sellers were Charlesbank Capital Partners and Silverhawk Capital Partners, who will each continue to own stakes in WorldStrides.
Just a short bit of M&A news today. Shamrock Capital has put Media Storm on the block, several sources say. Media Storm, with offices in South Norwalk, Conn. and New York, is a strategic media agency for the entertainment industry. Clients include Sony, Magnolia Pictures, MLB network and About.com, according to the company's web site. "[Media Storm] has been on the market for a long time," one banker says.
(Reuters) - U.S. burger and ice cream chain Friendly's filed for chapter 11 bankruptcy protection on Wednesday, as the sluggish economy and slowing consumer spending claimed another restaurant chain. As part of the filing, Friendly's will enter a sale process with an affiliate of its current owners, Sun Capital Partners, as the lead or "stalking horse" bidder to quickly restructure the company. Friendly's said it received a commitment for about $70 million in financing, which, along with the company's cash flow, will provide the working capital necessary to meet its ongoing obligations during the restructuring. "The strategic decision to pursue a financial restructuring will allow us to proactively and quickly improve our financial position and ensure we have the resources to build a better and stronger Friendly's," Chief Executive Harsha Agadi said.