INVESTMENT

IBTimes Logo

Citi to sell $1.7 billion private equity assets: report

Citigroup Inc will sell a $1.7 billion portfolio of private-equity assets to European buyout firm AXA Private Equity, as the U.S. bank looks to focus on its core businesses, the Wall Street Journal reported, citing people familiar with the matter.
IBTimes Logo

Avaya planning a $1 billion IPO filing: report

Private equity-backed Avaya Inc plans to file for a $1 billion initial public offering as early as this week, marking the latest in a rash of technology sector IPOs, according to a Wall Street Journal story.
More news
IBTimes Logo

Goldman shareholder sues ex-director Gupta

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, on Monday over trades revealed at the criminal insider trading trial of Galleon hedge fund founder Raj Rajaratnam.
IBTimes Logo

Goldman Sachs shareholder sues ex-director Gupta

A Goldman Sachs Group Inc shareholder sued Rajat Gupta, a former director of the investment bank, over trades revealed in civil and criminal insider trading cases against Gupta and convicted Galleon hedge fund founder Raj Rajaratnam.

Queens Widow Left $250,000 Fortune to Harold Camping, Family Outraged

Judgment Day May 21, 2011 ads are still seen on New York City subway today, two weeks after the failed prediction of Harold Camping. As much as the notorious legacy of the failed Doomsday prediction lingers in the air, a widow and her investment in the Doomsday preacher's radio station is fueling the anger of her family.
Pawlenty walks with staffers to hold a news conference after speaking at the Cato Institute in Washington

Pawlenty to outline economic plan

Republican presidential candidate Tim Pawlenty on Tuesday will lay out his plan detailing how he would balance the federal budget and reshape the nation's tax code, The AP reported
People wait in line to attend a job fair for military veterans and other unemployed people in Los Angeles

Employment Data & Market Implications

A weaker than expected May jobs report and downward revisions to the March and April releases has rekindled fears of either a double dip recession or a stagflationary economic environment.

Groupon Files For IPO

Groupon has become the next big social company to file for an IPO, following in LinkedIn's footsteps.
IBTimes Logo

Top UBS investment bankers defect to Citi

Two of top UBS AG investment bankers, Cary Kochman and Jim Glerum, have left the firm to join Citigroup , yet another blow to the investment bank grappling with an exodus of senior dealmakers.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.