Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
LONDON—New York financier Leon Black was the mystery buyer of a $47.9 million Raphael drawing auctioned by Sotheby's London last December, according to people familiar with the matter.
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SEOUL—When South Korean President Park Geun-hye met Facebook Chief Executive Mark Zuckerberg this week she praised the social-networking company for "taking on challenges without fear of failure."
Carl Icahn stepped up his bid to take control of Dell Inc., disclosing he has nearly doubled his stake in the ailing PC maker while also calling for the company to launch a $14-a-share tender offer for 1.1 billion shares.
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An Indonesian private-equity fund cut the size of its initial public offering by around a third to $151 million, falling victim to the outflows of funds from emerging markets that has beset the region in the past month.
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Two-year-old design website Fab is now worth more than $1 billion, thanks to an investment led in part by Chinese Internet conglomerate Tencent Holdings Ltd.
As hotels and resorts fall over themselves to cater to the surge in cash-rich Chinese tourists with a taste for luxury goods and silver service, experts say U.S. travelers may also reap the benefits.
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A pair of private-equity firms jumped into a battle for dominance of Norway's fish industry, making a 6.2 billion Norwegian kroner ($1.08 billion) offer for the fish-feed unit of Cermaq ASA after it rejected advances from Norway rival ...
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Lolly Wolly DoodleKids' Clothing Maker Skips the Big WarehouseWhile many major retailers outsource apparel manufacturing to developing countries, an American children's apparel upstart is proving that clothing can be made here by leveraging ...
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BEIJING—State-owned Chinese metals giant China Minmetals Corp. is considering a bid for Rio Tinto PLC's Canadian iron-ore operations, Minmetals Assistant President Wang Jionghui said Tuesday.
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Hedge-fund investor Daniel Loeb's firm has boosted its stake in Sony Corp., ratcheting up a campaign to persuade the Japanese electronics company to launch an initial public offering of its entertainment division.
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Companies controlled by Li Ka-shing bought a Dutch waste-management company, as the Hong Kong billionaire continued picking up infrastructure assets in developed markets.
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The investment manager Carlyle Group may currently be down from a recent high, but one insider took the opportunity of a recent secondary offering to buy stock.
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A U.S. government panel tried to block a fuel-shipping company's bid for a federal loan guarantee in part because panel members were concerned that the company is owned by private-equity firms, according to correspondence made public in a ...
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WASHINGTON—Foreign investors sold long-term U.S. Treasurys in record amounts in April, shifting funds into stocks and other assets amid signs that U.S. economic growth and the housing market were picking up.
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J.P. Morgan Chase & Co. said it will shed its private-equity operation, a low-key unit that recently has been hampered by uneven returns and uncertainty about its role within the bank.
SAN FRANCISCO (MarketWatch) — The Volcker Rule has three core restrictions: proprietary trading, hedge fund activity and private equity.So, it made sense that J.P. Morgan Chase & Co. would announce a spin off of One Equity Partners, ...
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MADRID—Codere SA, one of Spain's largest gambling companies, said it agreed to give two U.S. asset managers a piece of its debt held by existing creditors, allowing it to secure a refinancing deal.
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Until recently, stock markets have kept investors in high spirits. But in the world of mergers and acquisitions, the champagne hasn't flowed quite so freely.
Since the dot-com boom ended more than a decade ago, the conventional wisdom in Silicon Valley is that only the very best venture capital firms are generating investment returns that beat the average annual performance of the public stock ...
SAN FRANCISCO—For entrepreneurs who prefer creating things in a wood shop rather than on the Web, the tools to turn their ideas into real products have never been closer at hand.
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SEOUL—Tongyang Life Insurance Co. is the front-runner in the bidding for ING Groep N.V.'s Korean life-insurance subsidiary, in a deal that could raise more than 2 trillion won ($1.77 billion) for the Dutch bank, a person familiar with the ...
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Being last to market is rarely desirable.Terra Firma, the U.K. investor, plans to sell a 25% stake in Germany's largest residential-property company by number of apartments, Deutsche Annington, via a listing in early July. That will make it ...
Private-equity investors, long shut out from getting controlling stakes in Chinese companies, are beginning to find mainland entrepreneurs increasingly amenable to outside help.
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Del Monte Corp. is exploring a sale of the canned-food business that made it a household name, said people familiar with the matter, as the company increasingly focuses on products for dogs and cats.
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In the age of email, an envelope company is trying not to fold.The holding company for closely held National Envelope filed for Chapter 11 bankruptcy protection Monday, its second such filing in three years.
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ST. LOUIS—This city, which sponsored Charles Lindbergh's flight across the Atlantic and served as the starting point for Lewis and Clark's westward expedition, is trying to recapture its risk-taking spirit.
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B&G Foods Inc. is putting its treasure into pirates.The grocery-brand conglomerate is paying $195 million to buy the maker of Pirate's Booty, a popular rice and corn snack flavored with cheddar cheese.
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Correction: A previous version of this story misidentified the amount that those polled by Natixis Global Management intended to allocate to domestic stocks.
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Subprime lender Springleaf Finance Corp. is in discussions with banks about a possible initial public offering, as roaring markets and a budding U.S. economic turnaround give new life to some companies once on the brink.
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As Detroit's emergency manager prepares to host a meeting of the city's creditors Friday, a Who's Who of bankruptcy lawyers, accountants and consultants are signing up to be a part of high-stakes negotiations that could lead to the U.S.'s ...
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TORONTO—Two of Canada's biggest pension funds on Monday agreed to buy a controlling interest in closely held European cinema operator Vue Entertainment Ltd., in a deal valued at £935 million ($1.45 billion).
What percentage of portfolios should consist of non-U.S. investments? The Wall Street Journal put this question to The Experts, an exclusive group of industry, academic and other thought leaders who engage in in-depth online discussions of ...
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Carlyle Group, coming off a series of recent high-profile sales, is preparing to launch a multi-billion dollar real-estate fund, say people familiar with the matter.
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The owners of German academic publisher Springer Science + Business Media have decided to float a stake in the company instead of selling it to private-equity firm BC Partners.
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Shareholders in BMC Software Inc. will receive $6.9 billion to sell the corporate-software developer to a group of private-equity firms. But the buyers, led by Bain Capital LLC and Golden Gate Capital, only intend to pay $1.25 billion in ...
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Private-equity executive Lynn Tilton won a financial-crisis era lawsuit filed by MBIA Inc. over a disputed bond deal.In the decision, filed Monday, U.S. Judge Robert W. Sweet for New York's Southern District called the financier a ...
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Germany's Siemens AG is sounding out private-equity firms about possibly buying its telecommunications-equipment joint venture with Nokia Corp., according to people familiar with the matter.
Many people rely on 529 plans to save for college tuition, but they aren't always a one-stop solution.I tell my clients it's best to start contributing to a 529 plan when children are very young in order to maximize the benefit of tax-free, ...
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A big bet by hedge funds and private-equity groups on the largest municipal failure in U.S. history is close to paying off after a deal on Tuesday that should enable Jefferson County, Ala., to exit bankruptcy.
U.S. stocks sat out a market rout in Tokyo for the third time in just over a week, shrugging off mixed economic data at home to notch a modest advance.
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Blackstone Group LP backed out of the bidding for Dell Inc. last month. Yet many of the buyout firm's investors still are part of the tussle.
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Neiman Marcus Group Inc.'s fiscal third-quarter earnings rose 13% as the high-end department-store operator reported continued sales growth.
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SHANGHAI��Haitong Securities Co.'s private-equity arm plans to launch its first yuan- and dollar-denominated funds focused on buyouts, aiming to raise more than $526 million to take controlling stakes in consumer goods and services ...
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A patent-holding firm has filed a lawsuit against J.P. Morgan Chase & Co., alleging the bank's credit-card processing software infringed its technology.
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NEW YORK--A $1.6 million arbitration award against brokerage Allied Beacon Partners Inc. has forced the Richmond, Va.-based firm out of business.
David Petraeus, the former U.S. Army general who resigned last year as Central Intelligence Agency chief, is rebooting his career with KKR & Co., the giant private-equity firm.
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Prosecutors may file a new criminal indictment against a former SAC Capital Advisors LP trader already facing insider-trading charges, a federal court was told on Wednesday.
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TAIPEI—Intel Capital, the global investment arm of chipmaker Intel Corp., is setting up a $100 million fund to invest in "perceptual" computing technologies like voice and gesture control, company executives said.
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SYDNEY—Australian surfwear brand Billabong International Ltd. was moving urgently to raise new funds, including by selling assets, after takeover talks with two private-equity bidders collapsed and it cut its earnings outlook again.
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An institutional investor has asked for its money back from SAC Capital Advisors LP, the hedge-fund firm at the center of a government investigation into insider trading.
For the first time in more than a decade, hundreds of new Web domains—which appear after a website's name, such as .com and .org—are slated to start rolling out this year.
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Andrew Ceresney was picked as the Securities and Exchange Commission's new co-chief of enforcement partly because of his experience defending Wall Street in government investigations. Now, the agency has to work through the conflicts ...
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U.S. private-equity giant Cerberus Capital Management LP said it boosted its stake to just over 35% in Japan's Seibu Holdings Inc. through a hostile tender offer, falling short of its aim to build a roughly 44% share of the Japanese ...
Hedge funds — traditionally the province of wealthy investors — are increasingly available to the public via mutual funds that invest in hedge funds or follow hedge-fund-like strategies.
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Monday's deadline for clients of SAC Capital Advisors LP to say whether they want money back from the hedge-fund firm is turning into an even bigger cliffhanger.
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MUMBAI--Goldman Sachs Group Inc Wednesday said its private-equity unit has increased its investment in an Indian wind-energy producer, its third investment in the South Asian nation in a month.
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At a hedge-fund conference in Las Vegas last month, Michael Novogratz, a principal at New York's Fortress Investment Group, called Japan "the most exciting place to invest in the world."
Hedge funds' hefty management fees tend to come with an implicit promise: We're worth the extra cost. But the strategies some are calling the "poor man's hedge fund" lately have been beating the average hedge fund at a far lower cost, and ...
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Switzerland's Novartis AG, German billionaire Dietmar Hopp and German holding company BWK are considering selling their contract manufacturing joint venture LTS Lohmann in a deal that could fetch between €1 billion and €1.4 billion ($1.3 ...
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Review | Dates to Watch For | Follow-Up | U.S. Economic Calendar | Consensus Estimates | Coming Earnings | Coming U.S. AuctionsNew York perfumery Coty comes public this week, offering up to 57 million A shares for an average $17.50 each, ...
Breaking NewsFrom WSJ.com'sDevelopments BlogInteresting RatesOne big issue is looming in the background this week as hundreds of real-estate executives gather in Chicago for an industry convention: rising interest rates.
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When Seibu Railway Co. needed cash back in 2005, the problem-plagued Japanese conglomerate turned to U.S. private-equity giant Cerberus Capital Management LP. One of the deal clinchers: The Americans said they wanted to help management, not ...
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Anyone glimpsing headlines lately knows that hedge funds are accused of causing the Cooper Union college endowment to fail, are underperforming and overcharging, and are riddled with lawbreaking traders. So here's a puzzle: Why do ...
John Paulson has a message for investors: Stop paying so much attention to my gold bets.Mr. Paulson, the billionaire hedge-fund manager who has been one of the most bullish investors in the precious metal and suffered deep losses as a ...
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SINGAPORE—Private-equity firm CVC Capital Partners seeks to raise as much as $200 million this year from an initial public offering of PT Link Net, an Indonesian broadband and cable-TV operator , people with knowledge of the deal said ...
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Terra Firma Capital Partners LP won a new trial Friday over its claims that it was deceived by Citigroup Inc. into bidding for British music company EMI Group PLC.
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When renewable-fuels company KiOR Inc. raised money in March, it didn't tap the stock market, where it has faced a rocky reception since going public in 2011. KiOR turned instead to its earliest investor: billionaire venture capitalist ...
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Carl Icahn and Southeastern Asset Management Inc. formally urged other Dell Inc. shareholders to vote against a proposed $24.4 billion buyout of the PC maker.
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Most investors hold a mix of stocks and bonds, hoping for both growth and safety. Then there are people like Daniel White.The 36-year-old Chicago lawyer keeps all his investments in the stock market. His 401(k) plan is invested in equities, ...
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Blackstone Group and a partner agreed to acquire a controlling stake in Alphaville Urbanismo, a Brazilian high-end residential developer, as the New York private-equity firm expands its global reach, according to people familiar with the ...
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TAIPEI—Dell Inc. plans to launch by the year-end holiday season an 11.6-inch Windows 8 laptop that can be used as a tablet, as it expands its mobile offerings.
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EBay Inc. is looking to India to accelerate its growth.The e-commerce giant is leading a $50 million investment in three-year-old Indian competitor Snapdeal.com that also includes a multiyear commercial partnership with the fast-growing ...
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Neiman Marcus Group Inc. spurned a recent proposal in which buyout firm KKR & Co. would invest in Saks Inc. and the two luxury retailers would merge, said people familiar with the matter.
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In the best of times, the true value of a private-equity fund is a mystery. At other times, the value might be manipulated to entice prospective investors, according to new research.
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Fidelity National Financial Inc. has agreed to buy Lender Processing Services Inc. for about $2.9 billion in cash and stock, bringing the mortgage- and real-estate-focused services company back under the umbrella of its one-time parent.
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TORONTO—New York hedge-fund manager Bill Ackman is selling up to 29% of his stake in Canadian Pacific Railway Ltd. a year after winning a high-profile proxy fight to install a new chief executive at the railroad.
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Hedge funds holding chunks of Caesars Entertainment Corp. debt are forming a group in hopes of renegotiating loan terms with the casino giant.
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China's recent leadership transition, initiated the same week as the US Presidential election, is as important a development as the election of Barack Obama to the White House. Policies adopted by China in the months and years ahead will ...
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Commodities giant Glencore Xstrata PLC and private-equity firm Blackstone Group LP are among the suitors circling the Canadian iron ore operations that Rio Tinto PLC has put on the block, according to people familiar with the matter.
Brokerage firms and fund companies make it easier than ever for U.S. investors to add international exposure to their portfolios.Some would say too easy. Boring even.
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A venture of Crown Acquisitions and Highgate has reached a deal to buy a 27-story office and retail tower near Central Park in Manhattan for $1.3 billion, the most paid for a Manhattan commercial property in more than two years.
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The fate of SAC Capital Advisors LP is a $1 billion question on Wall Street.That figure is an estimate of how much the hedge-fund giant generates annually in trading commissions, financing fees and an array of other payouts to banks and ...
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Dell Inc. set a July 18 vote on its $24.4 billion attempted buyout, setting up a formal fight over the controversial deal.Dell on Friday filed a final version of a document with the U.S. Securities and Exchange Commission laying out the ...
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The younger brother of convicted insider trader Raj Rajaratnam is in plea talks with the government over his own charges, according to a court filing Monday.
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David Petraeus, the former U.S. Army general who resigned last year as Central Intelligence Agency chief, is rebooting his career with KKR & Co., the giant private-equity firm.
For all the companies and pundits worrying that President Obama’s health-care overhaul will be bad for business, there may be at least as many entrepreneurs who see the law as a gold rush.
Former general and CIA chief David Petraeus is joining KKR & Co.Other longtime government insiders who have joined private-equity firms include Newt Gingrich, former speaker of the House.
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The battle for control of Dell Inc. is about to move into a new, heated phase, when the company and the group trying to buy it will for the first time be able to press their case directly to shareholders.
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Ray Lane, the prominent technology investor and former chairman of Hewlett-Packard Co., is facing a tax bill of up to $100 million stemming from his investments during the dotcom-boom era.
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RANCHO PALOS VERDES, Calif.—Sony Corp. Chief Executive Kazuo Hirai on Thursday defended the company's ownership of an electronics-gear business and entertainment operations under one roof—a corporate mix that has come under assault from ...
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Dell Inc. directors and their advisers plan to tell stockholders a proposed alternative to the PC maker's controversial buyout deal isn't financially feasible without nearly $4 billion more in financing.
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One online retailer has quietly grown into one of America's largest Web merchants by carving out a lucrative niche: sports apparel.The company, Fanatics Inc., this week raised $170 million in a new funding round. That more than doubles the ...
I fear that The Wall Street Journal's opinion piece by hedge-fund specialist Bob Rice ("The Hedge-Fund Investment Puzzle," June 1) conceals more than it reveals.
A photo that accompanied a World News article on Saturday about Turkish protests showed a Turkish police officer spraying protesters with pepper spray. The caption incorrectly said the officer used a water cannon.
An energy boom in the U.S. is deepening splits within OPEC, threatening to drive a wedge between African and Arab members as the cartel grapples with a revolution in oil trade.
Investors' jaws dropped when they heard last week that a 26-year-old high school dropout from New York was getting a $1 billion payday from Yahoo! for Tumblr, a company with de minimis revenue and no profit.
Leon Cooperman has never been afraid to blow his stack. In fact, his volcanic tendencies are so well known on Wall Street that almost no one was fooled when the late Barton Biggs, Morgan Stanley's longtime market strategist, introduced a ...
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Rue21 Inc. said it has agreed to be acquired by private-equity firm Apax Partners for $1.1 billion, as the teen-apparel retailer also issued a downbeat report on its latest quarter.
SAN FRANCISCO (MarketWatch) — Energy stocks traded lower Thursday, with Hess Corp. among the top decliners as it ended a proxy fight with activist shareholder Elliott Management.
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BUJAGALI, Uganda—A new dam at the headwaters of the White Nile, nearly 20 years in the making, generates almost half of this East African country's electricity.

Ask the right questions before you hand over your money
A balanced portfolio can have a bigger impact on long-term performance than individual stock picking
Investing for retirement is more complicated than opening an IRA or maxing out your 401(k)
When choosing a stock mutual fund, consider performance, manager track record and cost before investing.
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.