Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts were each paid about $22 million last year in fee and other income, and together own about a quarter of the storied buyout firm, according to a regulatory filing.
Wall Street rebounded on Tuesday, but strong buying interest evaporated in the afternoon as bearish sentiment reasserted itself.
Steel company Steel Development on Tuesday dismissed concerns raised by lawmakers over an investment from China's state-owned Anshan Iron and Steel Group in one of its steel mills.
Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts were paid about $22 million last year in fee and other income, and own about a quarter of the private equity firm which is about to list on the NYSE, according to a regulatory filing.
Agricultural Bank of China priced its Hong Kong and Shanghai dual listing on Tuesday, a deal that would break all IPO records by raising more than $22 billion when adding in over-allotment shares.
Kohlberg Kravis Roberts & Co co-founders Henry Kravis and George Roberts will own about a quarter of the private equity firm they founded after the firm is listed on the New York Stock Exchange, according to a regulatory by the company on Tuesday.
Stocks rebounded on Tuesday from a 10-month low on the S&P 500 on data that showed the services sector, the economy's largest, grew for a sixth straight month in June.
Stocks rose broadly on Tuesday, following five days of losses, as data showed the economy's services sector grew for a sixth straight month in June and on signs of strength in Europe's banking system.
U.S. stock index futures pointed to a rise of more than 1 pct at the open on Tuesday on signs of strength in Europe's banking system and ahead of a $22 billion initial stock offering by the Agricultural Bank of China, set to be the biggest-ever IPO.
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Kohlberg Kravis Roberts & Co is moving closer to gaining its long-sought New York Stock Exchange listing, with a filing expected as early as Tuesday which should detail compensation for top executives at the private equity firm, a source familiar with the situation said.
TPG and Goldman Sachs's private equity arm are close to a deal to buy Ontex, the European private-label diaper maker, from buyout firm Candover for 1.2 billion euros ($1.5 billion) or more, people familiar with the matter said.
Hedge fund managers feel they aren't out of the woods quite yet.
Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend this week.
Bearish bets in the equity options market, coupled with an increasingly sour view from a technical perspective, suggest stocks will struggle to break from a vicious two-month downtrend next week.
With the global economy slowing, interest rates about as low as they can go, governments getting austere and banks being investigated for stress, it is getting harder for investors to keep putting on their bullish faces.
Asset managers are ramping up their presence in Asia to tap the cash of the growing middle class but some industry managers are warning that the quick bucks these funds are chasing may be elusive.
Goldman Sachs Group Inc President Gary Cohn said he's working overtime these days to stay in touch with clients as the firm weathers its battle with regulators.
U.S. stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data.
U.S. stocks staggered to the end of a dismal second quarter on Wednesday in another low volume session as investors found little reason to take on risk after conflicting economic data.
The much-maligned former head of the American International Group unit which drove the insurer to the brink of collapse, broke a long silence on Wednesday to defend his firm's aggressive buildup of risky mortgage-linked securities.
MF Global (MF.N) has closed its Asia fuel oil swaps broking desk following the departures of all its brokers for the product, the company said on Wednesday.
We can confirm that the fuel oil desk in Singapore is no longer a part of MF Global. We have no plans at this time to restart the desk, a company spokeswoman in New York told Reuters.
