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KKR earnings beat estimates, portfolio value up

Private equity firm KKR posted higher-than-expected quarterly earnings as the value of its private equity investments rose 6.5 percent and fee income increased, the company said on Wednesday.
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U.S. Stocks

Stocks rise on Bin Laden Death

The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.

Ex-hedge fund manager pleads guilty to insider trading charges

Former hedge fund manager Donald Longueuil has pleaded guilty to conspiracy and securities fraud charges arising from an insider trading scheme in which he obtained and traded on material, non-public information, Preet Bharara, the United States Attorney for the Southern District of New York, said.
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Harbinger being probed by SEC: filing

Billionaire hedge fund manager Philip Falcone recently gave investors a little more information about three government investigations into his Harbinger Capital Partners fund firm.
Traders work on the floor of the New York Stock Exchange

US stocks open lower after GDP, Jobless Claims

U.S. stocks declined in early trade on Thursday after government reports showed that US economic activity slowed significantly in the first quarter and applications for jobless benefits unexpectedly increased.
ABS flags retail sector turnaround in April

GDP growth slows to 1.8 percent in 2011 Q1

US GDP growth in 2011 first quarter slowed to an annual rate of 1.8 percent, compared to a rate of 3.1 percent in fourth quarter 2010 and 3.7 percent in first quarter 2010.

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