INVESTMENT

Carl C. Icahn

Icahn Sells LightSquared Debt, Creditors Extend Talks

Billionaire investor Carl Icahn has sold his $250 million debt holdings in Philip Falcone's telecom start-up LightSquared MOSAV.UL, while Falcone continues to negotiate with creditors to avoid a debt default, according to sources familiar with the matter.

Treasury Dept. to Sell $5 Billion of Insurance Giant AIG

General view of the Cash Room of the Treasury Department during the FSOC in Washington
The U.S. Treasury Department will sell $5 billion in shares of American International Group Incorporated (NYSE: AIG) as it continues to divest its balance sheets of the bailed-out insurance company, which has agreed to purchase $2 billion of its own shares as part of the stock offering, the company announced Monday.

March German Factory Orders Up, Led By Demand Outside of Euro Zone

Volkswagen, German factory orders
Germany's Economics and Technology Ministry reported Monday factory orders rose in March, spurred primarily by businesses looking away from the euro zone and to the United States and emerging markets. Orders rose 2.2 percent from February, spurred by a 4.8 percent growth in export orders from outside the currency zone.
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Eduardo Saverin: 10 Things To Know About The Facebook Co-Founder

Eduardo Saverin is just one of four co-founders of the social-network powerhouse that is Facebook. But what makes Saverin so unique, among other qualities, is that while he is the only co-founder to have no decision making power in the company, he still owns less than 5 percent of Facebook's shares and has a net worth of $2 billion.
The Paris headquarters of the BNP Paribas bank is seen near a Paris Metro sign

BNP Paribas Q1 Profit Rises 9.6%

French bank BNP Paribas SA (BNP.FR) reported Friday 9.6 percent rise in profits in the first quarter from a year ago, boosted by the sale of more than half of its stake in real estate firm Klepierre.
Carlyle Group co-founder and Managing Director David Rubenstein

Carlyle Group IPO Appears To Be A Disappointment

The initial public offering of private equity firm The Carlyle Group LP (Nasdaq: CG) opened slightly below the IPO price of $22 on Thursday before climbing as high as $22.39. Shortly before the closing bell, shares were trading at $22.02.
Asean+3, South Korean Finance Minister Bahk Jae-wan

Asian Nations Double Financial Safety Net To $240B

Asia is doubling the size of its foreign currency reserve safety net to $240 billion, finance ministers and central bank officials announced Thursday following a 13-nation meeting in Manila. The reserve funds a multilateral currency swap agreement aimed at protecting Asian markets from global economic crises.
Politics Energy Bolivia Spain

Spain Demands Fair Price After Bolivia Seizes Electric Utility

Spain?s chief economist said Wednesday Bolivia will ?compensate Red Eléctrica Española the costs invested in the country?s electricity network? after the South American country announced it would expropriate the local unit of the Spanish utility, Transportadora de Electricidad S.A.
A worker climbs on a ladder under the logo of Swiss bank UBS at the company's headquarters in Zurich

UBS Q1 Profit Declines 54% On Debt Charges

Swiss banking giant UBS reported on Wednesday that its profit for the first quarter declined 54 percent from the same period last year after being affected by charges on its debt.

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