Investment Management

Prosecutor: Ex-jail guard union boss traded duty for bribes

Oct 24, 2017

A prosecutor has told a New York jury that the former head of the nation's largest municipal jail guard union traded his duty to workers for a luxury handbag filled with cash

Qatari-Palestinian cellular network launches in Gaza

Oct 24, 2017

A Palestinian-Qatari cellular network has launched operations in Gaza, becoming the second provider there

Appeals court tosses hedge fund owner's claims against FBI

Oct 17, 2017

A federal appeals court in New York City has rejected a hedge fund owner's claims that the FBI unjustly ruined his business with a raid

Ruby Tuesday chain to be taken private in $146 million deal

Oct 16, 2017

Ruby Tuesday is being bought by private-equity firm NRD Capital for about $146 million, in a deal that will take the struggling restaurant chain private

Trian takes a seat at General Electric

Oct 9, 2017

General Electric names Trian Fund Management Ed Garden to its board

Hugh Hefner's company lives on, though as a shadow of itself

Oct 1, 2017

Hugh Hefner's company lives on, though largely as a shadow of its former self

Full steam ahead: Funds of all types rose again last quarter

Sep 28, 2017

The good times kept rolling for fund investors in the third quarter

Troubled Toshiba, Bain finalize sale of memory-chip business

Sep 28, 2017

Toshiba and a consortium led by Bain Capital Private Equity have signed a deal for the sale of the Japanese electronics company's computer memory chip business, a move long opposed by Toshiba's U.S. joint venture partner Western Digital

Toshiba board decides on chip sale to Bain Capital group

Sep 20, 2017

Toshiba says its board has signed off on selling its computer chip business to a group led by Bain Capital Private Equity, but the deal's future remains unclear as Toshiba's U.S. joint venture partner Western Digital opposes it

Saudi Arabia creating $2.7B entertainment investment company

Sep 20, 2017

Saudi Arabia's sovereign wealth fund is creating an entertainment investment company as the deeply conservative kingdom loosens the reins on fun