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Retire Here, Not There: Tennessee
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10 Things Hollywood Won't Tell You
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PLAYWhy Facebook Stock Won't Soar Like G....
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The 5 Biggest Muni Defaults Ever
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Grad School: Higher Degrees of Debt
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How to Invest in a CD
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
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Is Blackstone Heavily Oversold?
Barrons.comBlackstone Group (BX: NYSE) By Sterne Agee ($11.99, May 23, 2012) We are upgrading shares of Blackstone Group, a private-equity and alternative investment firm, to Buy from Neutral. There is no change to our $18 target price.
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Formula One IPO Will Bundle Shares, Loan Note
WSJ.comSINGAPORE—Seeking to retain U.K. tax benefits and keep more cash, motor-racing franchise Formula One Group will sell shares bundled with a loan note in its Singapore initial public offering, people familiar with the situation said Thursday.
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Talent Agents Ink ICM Buyout Deal
WSJ.comHollywood talent agency ICM Partners said Wednesday a group of its agents bought out owners Rizvi Traverse Management LLC, a private-equity firm, and former ICM Chief Executive Jeffrey Berg, ending months of negotiations over the agency's ...
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A Tutorial for the President on 'Profit Maximization'; Profits provide the incentive for firms to do what consumers want.
WSJ.comIn justifying his attacks on Bain Capital, President Obama argues that "profit maximization" might be an appropriate goal for a private-equity firm, but not for more general public policy. This argument ignores one of the most basic ...
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Start-Ups Look Beyond Facebook IPO Snafu
WSJ.comSAN FRANCISCO—Facebook Inc.'s slipshod initial public offering has raised questions about how the fallout might affect Silicon Valley's start-up boom. So far, Antti Ylimutka isn't feeling the effects.
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Macy's Buys Stake in Chinese E-Retailer
WSJ.comMacy's Inc.'s is making its first investment abroad on behalf of its namesake stores by acquiring a stake in a Chinese online retailer that will sell Macy's merchandise on its website.
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Blackstone Lodges Several Hotel Moves
WSJ.comBlackstone Group LP, one of the world's largest hotel investors, is playing both offense and defense these days as the lodging industry slowly recovers from the downturn.
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BlackRock, Others Buy 20% Stake in Formula One Ahead of IPO
WSJ.comNEW YORK—BlackRock Inc. and two other investors bought about a 20% stake in Formula One Group for $1.6 billion ahead of its planned $2.5 billion initial public offering in Singapore, a person familiar with the situation said Tuesday.
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Portugal Picks Banks For Airline Sale Amid Sector Turmoil
WSJ.comPortugal's government has picked four investment banks to run the privatization of national airline TAP SGPS SA as the sector in Europe continues to be buffeted by high fuel prices, stiff competition and the region's sovereign debt crisis.
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Cory Booker's Apostasy; It's now an offense against Obama to defend capitalism.
WSJ.comCory Booker may want to hire a food taster. The Newark Mayor, a Democrat, dared to disagree on Sunday with the Obama campaign's attacks on Bain Capital and the private-equity business, and the liberal orthodoxy machine has been busy ...
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Patriot Coal Says It's Working With Blackstone
WSJ.comNEW YORK—Patriot Coal Corp. said it is working with private-equity firm Blackstone Group LP on continuing refinancing plans. The short statement came after a selloff of Patriot's shares following a Debtwire report on the company's alleged ...
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Warburg Backs Deep-Water Oil Explorer
WSJ.comNEW YORK—A group of investors led by Warburg Pincus LLC will pump as much as $1.125 billion into a deep-water oil-and-gas exploration start-up, continuing private equity's dive into the Gulf of Mexico.
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Man Group Makes Hedge-Fund Buy
WSJ.comLONDON—U.K.-listed hedge fund operator Man Group PLC said it will acquire Financial Risk Management Holdings, a hedge fund research and investment specialist that it said will make it less reliant on its underperforming AHL computer-based ...
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How to Buy a Bright Future With Natural Gas
WSJ.comInvestors trying to get their arms around natural gas may as well be trying to…get their arms around natural gas. Gas is maddening. Everything tells us that, eventually, higher demand should boost the price. Exports should also alleviate the ...
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Sequoia Head Reduces Role Due to Health
WSJ.comOne of Silicon Valley's best-known investors, Michael Moritz of Sequoia Capital, is stepping back from managing the venture-capital firm to deal with an "incurable" medical condition.
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Blackstone Moves Into Motel 6
WSJ.comBlackstone Group LP is acquiring discount lodging chain Motel 6 in a deal valued at $1.9 billion, as the private-equity firm continues to invest aggressively through its $10 billion real-estate war chest.
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Obama Keeps Bain in His Cross Hairs
WSJ.comPresident Barack Obama said Monday that Mitt Romney's background running private-equity firm Bain Capital is a poor qualification for the White House because being president involves more than the ability to "maximize profits," continuing a ...
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Kleiner Perkins Partner Sues for Gender Discrimination
WSJ.comOne of Silicon Valley's best-known venture capital firms, Kleiner Perkins Caufield & Byers, faces a lawsuit from a female investment partner claiming gender discrimination and retaliation.
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Social media investment bubble has popped; Commentary: Bear markets start with corrections
MarketWatchSAN FRANCISCO (MarketWatch) — That fizzing sound you just heard coming from Wall Street in the wake of the Facebook Inc. initial public offering was the sound of a bubble deflating.
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Cory Booker's Advice
WSJ.comThe Obama campaign is upset with Cory Booker for urging the president to run on his record instead of away from it. During an appearance on NBC's "Meet the Press" Sunday, the Newark, N.J., mayor urged President Obama's campaign to "remind ...
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New Plan for a Growth Area
WSJ.comA venture of JDS Development Group and Starwood Capital Group aims to break ground within months on a 50-story condominium and retail tower in a part of Midtown Manhattan that's already seeing a rash of new development.
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Best 100 Hedge Funds
Barrons.comChristian Zugel enjoys high speeds more than most people. A native of Stuttgart, Germany, home to Porsche and Mercedes, the 52-year old fell in love with cars at an early age and today races on the amateur-motor circuit at tracks like ...
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Nelson Peltz Gets a Leg Up at Legg Mason
Barrons.comFund Scope | Scoreboard Struggling fund firm Legg Mason announced some much-needed good news this past week. The official announcement was a capital plan that refinances and reduces the Baltimore firm's debt, and it heralded a slightly ...
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The Intriguing Real-Estate Sale at Capmark
Barrons.comCapmark Financial Group, a former major commercial-real-estate lender, whose failure wiped out investors at the height of the financial crisis, could make at least partial amends over the next two or three years.
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Formula One Approved for Singapore IPO
WSJ.comSINGAPORE—Formula One Group, the motor-racing franchise owned by private-equity firm CVC Capital Partners Ltd., has received the go-ahead from the Singapore Exchange for an initial public offering that could raise $2.5 billion, people ...
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Is Bain Romney's Bane? A transcript of the weekend's program on FOX News Channel.
WSJ.comPaul Gigot: This week on "The Journal Editorial Report," fresh from a high-dollar private-equity fund-raiser, President Obama attacks Mitt Romney for his ties to private equity. So when will Romney fight back? Plus, Greece on the brink. ...
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Former Yahoo CEO Resigns From Splunk's Board
WSJ.comScott Thompson has stepped down from the board of data-analysis provider Splunk Inc., his second such departure in the past week since resigning as Yahoo Inc.'s chief executive.
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Bain Capitalism 101; How does a rapacious company get repeat business?
WSJ.comWatching Obama campaign ads or MSNBC, one could easily come to the conclusion that Bain Capital makes money by destroying the companies it owns. So for voters unsure about the business that Mitt Romney founded but still reluctant to trust ...
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Dismal Record: Venture Capital's Air Pocket
Barrons.comFollow-Up | Dow Indicator | Preview The early backers of Facebook can spend their days counting their profits while sipping Mai Tais on Maui. But they are a distinct minority. Over the past 20 years, venture capitalists have delivered subpar ...
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Obama Ad Goes After Romney's Business Record
WSJ.comThe Candidate: Barack Obama The Play: Defining the opponent The Strategy: Mitt Romney wears his business experience like a medal, to show he has the know-how to turn the economy around. This week, the Obama campaign took a direct shot at that ...
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Dalio's World
Barrons.comIt's hard to imagine anyone navigating the rough seas of the past decade more ably than Ray Dalio, master and commander of money-management firm Bridgewater Associates, which oversees $120 billion for a roster of global clients that include ...
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China May Give Foreign Pension Funds New Investment Opportunities
WSJ.comSHANGHAI—China is considering setting up a new way for foreign pension funds to invest in its vast capital markets, according to people familiar with the matter, its latest effort to prop up the country's listless stock market.
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Carlyle Group's Sarkozy: Euro Needs To Be A 'Real Currency'
WSJ.comWASHINGTON—The euro zone needs to tackle key structural issues and make the euro a "real currency" to deal with its ongoing debt crisis, Olivier Sarkozy, head of the global financial services team at Carlyle Group LP (CG), said Wednesday.
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Romney Defends His Record at Bain; Calls Democratic Ad 'Character Assassination'; Obama Campaign Says Job-Loss Record Is Fair Game
WSJ.comJACKSONVILLE, Fla.—Mitt Romney defended his record as a private-equity executive Thursday, his most public move to defuse Democratic attacks on him as a heartless corporate raider.
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Pinterest Raises $100 Million With $1.5 Billion Valuation
WSJ.comPinterest, the online scrapbooking website that has become a Silicon Valley darling because of its rapid user growth, has raised $100 million in a financing round that values the start-up at $1.5 billion.
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Private Equity Eyes Mideast Role
WSJ.comPrivate-equity investors are taking on a key role in the economic reconstruction of the Middle East and North Africa in the aftermath of last year's Arab Spring revolutions.
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Obama's 'Vampire' Capitalists; Write the President a check and escape eternal damnation.
WSJ.comMaybe the Obama re-election campaign isn't the error-free juggernaut of media lore. Consider the puzzling decision to start trashing Mitt Romney's record at Bain Capital on the same day that President Obama was hitting up private-equity ...
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Activist Investor Wins Proxy Vote at Canadian Pacific
WSJ.comCALGARY—Canadian Pacific Railway Ltd. investor Bill Ackman won a proxy vote to shake up the railroad's board and unseat the chief executive as shareholders voted to support the hedge-fund manager's seven-person slate of directors.
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What JPMorgan Isn't Saying -- Returns Are Lousy
Barrons.comIt's been several days JPMorgan Chase's disclosure of $2 billion of trading losses, we're all still wondering precisely what went wrong. In other fiascos, such as the mortgage meltdown or the dot-com bubble, the bear claims its victims when ...
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Philip Morris CEO's $6 Million Sale
Barrons.comThe top executive at Philip Morris International lit up a sale sign following a recent all-time high. On May 11, Chairman and Chief Executive Louis S. Camilleri sold 70,000 shares of Philip Morris (ticker: PM) for $5,994,800, an average of ...
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Cheniere to Sell $1.5 Billion in Stock to Blackstone
WSJ.comCheniere Energy Partners LP agreed to sell $1.5 billion in stock to investors affiliated with Blackstone Group LP at a discount in its continued aggressive effort to raise funds for construction of a natural-gas-export facility in ...
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Yahoo faces tough search for new leader; Outside candidates may shun job given turmoil, experts say
MarketWatchSAN FRANCISCO (MarketWatch) — Once again, Yahoo Inc. is looking for a new leader, and it won’t be easy given the turmoil that the Web portal has just gone through, experts say.
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Ackman Gains Support in Proxy Fight With CP Railway
WSJ.comTORONTO—American hedge-fund manager Bill Ackman is rolling toward Canadian Pacific Railway Ltd.'s proxy vote Thursday with a handful of big endorsements from shareholder advisories and institutional investors, bolstering his effort to ...
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Former Facebook Hands Capitalize on Buzz
WSJ.comDays ahead of Facebook Inc.'s initial public offering, the company's network of former executives and investors are doing their own deal making.
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SEC Probes Role of Hedge Fund in CDOs
WSJ.comU.S. securities regulators are investigating hedge-fund firm Magnetar Capital LLC, which bet on several mortgage-bond deals that wound up imploding during the financial crisis, according to people familiar with the matter.
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Obama Ad Targets a Bain Investment
WSJ.comPresident Barack Obama's re-election team is using a five-state advertising buy to launch a long-expected effort to paint Mitt Romney as a callous corporate raider, highlighting investments he made as head of the private-equity firm Bain ...
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Carlyle Group Profit Slides
WSJ.comCarlyle Group LP's first earnings report as a public company highlighted the uneven results typical of private-equity firms while delivering the cash distributions Carlyle executives had promised investors in its funds ahead of its initial ...
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The Brains of Hedge-Fund Operations
WSJ.comOf all the elite financial circles, hedge-fund titans may be the most exclusive—and some of the most tight-lipped when it comes to talking to the press.
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New Yahoo plan could feature Alibaba IPO; Alibaba’s Jack Ma has said he’s open to taking the company public
MarketWatchSAN FRANCISCO (MarketWatch) — Third Point LLC’s triumph at Yahoo Inc. has heightened speculation that the new board will move quickly to sell the Internet company’s Asian assets, particularly its prized stake in Alibaba Group.
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Yahoo uncertainty continues with ‘interim’ CEO; Commentary: Levinsohn deserves the job: Give it to him
MarketWatchSAN FRANCISCO (MarketWatch) — Perhaps it’s time for the Internet pioneer to change its popular logo from Yahoo! to Yahoo? The company, despite a big house-cleaning over the weekend, still managed to leave a big issue unresolved.
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LightSquared Pulls the Plug; Hedge-Fund Manager Falcone's Telecom Firm Files for Bankruptcy Protection
WSJ.comPhilip Falcone, the hedge-fund manager who staked his fortune and reputation on an all-in bet on wireless telecommunications, may be losing his grip on both.
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Facebook Insiders Boost Plans to Cash Out in IPO
WSJ.comSome of Facebook Inc.'s biggest investors now plan to cash out as much as half of their stakes in the social network's initial public offering this week.
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Yahoo’s issues have broad resonance; Commentary: Institutional investors wield power
MarketWatchNEW YORK (MarketWatch) — Yahoo Inc.’s travails offer a stew of corporate governance issues that resonate well beyond the Internet company. The news around the departure of Yahoo (YHOO, US) Chief Executive Scott Thompson is still developing, ...
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Yahoo’s latest CEO exit draws mixed reaction; Some analysts see opportunity for Net firm; others, a bigger mess
MarketWatchSAN FRANCISCO (MarketWatch) — Shares of Yahoo Inc. got a small lift Monday following its latest CEO departure, though analysts expressed mixed views about the latest events to plague the troubled Web pioneer.
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Vampire Capitalism? Please; GST Steel would have failed much earlier without Bain.
WSJ.comThis week the Obama campaign debuted its attack on Bain Capital, the private-equity firm Mitt Romney founded. Its two-minute ad purports to tell the story of GS Technologies, a Kansas City-based Bain investment that went bankrupt in 2001.
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Third Point faces high stakes with Yahoo; Hedge fund bets big that it can turn around troubled Web pioneer
MarketWatchSAN FRANCISCO (MarketWatch) — In its proxy war against Yahoo Inc., Third Point LLC argued that the company is “about so much more than its valuable asset portfolio,” while stressing the need for a “comprehensive strategic plan” for the ...
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Jay Carney's 'Official Business'
WSJ.comPresident Obama has adopted an aggressive interpretation of "official business," forcing taxpayers to support various trips to swing states for campaign-style rallies. White House press secretary Jay Carney appears to be equally aggressive.
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ResCap Set to File for Bankruptcy
WSJ.comAlly Financial Inc.'s mortgage subsidiary is expected to file for bankruptcy late Sunday or early Monday morning, a person familiar with the matter said.
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LightSquared Moves Toward Bankruptcy
WSJ.comHedge-fund manager Philip Falcone's LightSquared Inc. venture was preparing Sunday to file for bankruptcy protection after negotiations with lenders to avoid a potential debt default faltered, said people familiar with the matter.
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Chinese Auto Dealer Plans $433 Million IPO
WSJ.comHONG KONG—Chinese motor-vehicle dealer China Yongda Automobiles Services Holdings Ltd. plans to raise up to $433 million in an initial public offering ahead of its listing in Hong Kong on May 30, people familiar with the situation said ...
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LightSquared on verge of bankruptcy: report
MarketWatchCHICAGO (MarketWatch) — LightSquared Inc. a venture of hedge-fund manager Philip Falcone was teetering on the verge of bankruptcy Sunday as talks with lenders to avoid going bust have faltered, The Wall Street Journal reports, citing ...
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3i Appoints CEO, Seeks Turnaround
WSJ.comLONDON—3i Group PLC on Thursday said it has appointed Simon Borrows as its new chief executive officer with immediate effect, a widely expected move that many in the market hope will act as a trigger to reverse the company's falling share ...
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Hedge Funds Stand to Profit on ResCap Debt
WSJ.comDistressed-debt investors, among them Paulson & Co. and David Tepper's Appaloosa Management LP, stand to recover up to 100 cents on the dollar plus interest under Residential Capital's proposed plan to sell its assets to parent Ally ...
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Should Carried Interest Be Taxed as Ordinary Income, Not as Capital Gains?
WSJ.comThe debate over the taxation of carried interest has been bubbling for years in Congress, to little, if any, effect. But the release of Mitt Romney's tax returns during the Republican presidential primaries—showing that much of the ...
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Tilly's Climbs 8.5%; PetroLogistics Slips 2.9%
WSJ.comA pair of companies had a mixed debut Friday, with retailer Tilly's Inc. notching double-digit gains early on and propylene producer PetroLogistics LP's IPO declining.
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Morgan Stanley Bailed On Firm
WSJ.comIn 2010, Morgan Stanley helped Zoe Cruz, the co-president pushed out of the firm three years earlier, launch a hedge fund by writing her a $20 million check and expressing willingness to pour in more money later.
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Venture-Capital Firm NEA Raises $2.1 Billion
WSJ.comNew Enterprise Associates has closed on $2.08 billion toward a fund that could grow in size to become one of the largest ever raised. The firm said in a regulatory filing that it plans to raise up to $2.56 billion, up from an original $2.3 ...
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Warburg Sells CAMP Systems
WSJ.comChicago buyout shop GTCR LLC has emerged as the winner of an auction to acquire CAMP Systems Inc., a seller of maintenance-tracking services to private aircraft owners, from fellow private-equity firm Warburg Pincus LLC, according to people ...
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Carlyle: Skip this IPO, if you’ve seen it before; Commentary: No valuation can be too low for Carlyle stock
MarketWatchNEW YORK (MarketWatch) — Carlyle Group LP’s initial public offering began trading Thursday morning. So, what is it that investors who buy into private-equity firms via IPOs think they’re getting?
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Man on the Ropes
WSJ.comMan the pumps! Investors are deserting Man Group like the proverbial sinking ship. Shares in the world's largest listed hedge fund have fallen 61% in the last year. Its funds leaked $1 billion of client money in the first quarter. For Chief ...
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Résumé Flaps
WSJ.comSeveral corporate executives have come under fire for misstated academic credentials. Here, a look at some notable résumé flaps: Yahoo Yahoo Inc. said in May 2012 that its new chief executive, Scott Thompson, didn't earn a degree in computer ...
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ResCap Nears Bankruptcy Filing
WSJ.comThe board of Ally Financial Inc.'s ailing mortgage unit is expected to meet Sunday to authorize a bankruptcy filing, said people familiar with the situation.
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China Deals Blow to Buyout Firms
WSJ.comBEIJING—In a blow to overseas private-equity firms that invest in China, the government's chief economic-planning agency ruled that all of the money in their funds must come from Chinese investors, or the funds will be treated as foreign.
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Voras Hedge Fund to Close
WSJ.comFormer Morgan Stanley co-President Zoe Cruz has told investors that she is closing the hedge fund she started two years ago, after it was hobbled by disappointing performance and failed to attract as many investors as she had hoped, said ...
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LBO Pioneer Founded Press
WSJ.comFrank Pearl was a leveraged-buyout pioneer whose Perseus LLC private-equity firm holds stakes in high technology, health care, consumer products and other fields.
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Carlyle's Hoped-For Pop Goes Poof
WSJ.comCarlyle Group LP's shares didn't pop, but they also didn't drop. The private-equity giant's common units, as shares of these types of companies are known, opened just above their initial-public-offering price of $22 and hovered around that ...
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Obama's Public-Equity Record; The auto bailout makes Bain Capital look like an amateur on job losses and outsourcing.
WSJ.comPresident Barack Obama's re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses).
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Yahoo investors appear to bet on Loeb; Commentary: CEO resume mess may help investor win board battle
MarketWatchSAN FRANCISCO (MarketWatch) — With Yahoo Inc.’s board under increasing pressure to fire chief executive Scott Thompson for lying on his resume, many investors are now betting the brouhaha will help hedge fund investor Daniel Loeb in his ...
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Résumé Trips Up New Yahoo Chief
WSJ.comPressure is mounting on Yahoo Inc.'s board after revelations that the Internet company's recently hired chief executive's academic record was misstated.
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Exchange-Traded Funds; Talking About ETFs; A longtime analyst has advice for individual investors
WSJ.comFor the past 15 years, Deborah Fuhr has spent her days deep in the weeds of exchange-traded funds. As an investment strategist at Morgan Stanley and then global head of ETF research at ETF sponsor BlackRock Inc., she observed as the ...
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Third Point Presses Yahoo for New CEO
WSJ.comSaying that Yahoo Inc.'s response to revelations about its chief executive's credentials was "farcical," shareholder Third Point LLC recommended the Internet company appoint its finance chief or another executive as interim CEO.
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Ex-Trader at Enron to Retire From Hedge Fund
WSJ.comJohn D. Arnold, a former star trader at Enron Corp. who went on become one of the energy markets' biggest speculators, is retiring from his hedge fund at 38 years old to focus on his philanthropic interests, a person familiar with the ...
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Carlyle Prices IPO at Lower Range
WSJ.comFacing pushback from some investors, private-equity company Carlyle Group reduced the price for its widely anticipated public offering, a possible sign of the skepticism some investors harbor toward the business.
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Yahoo board mimics H-P’s dysfunction; Commentary: Bungled process boosts case of activist investor
MarketWatchSAN FRANCISCO (MarketWatch) — A proxy fight with a big shareholder, a special committee to investigate and a bungled selection process for the chief executive. Doesn’t that sound like Hewlett-Packard Co. (HPQ, US) during the times of Carly ...
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Warren the Barbarian; The Oracle of Omaha finances an unfriendly takeover. World yawns.
WSJ.comSometimes the big news is what doesn't happen. Observe the calm reaction of the political and media class to this week's report that Warren Buffett is financing an unsolicited takeover bid for Avon Products. Apparently barbarians are now ...
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Caterpillar to Sell Majority Stake of Logistics Business
WSJ.comCaterpillar Inc. plans to sell a 65% stake in its logistics business to private-equity firm Platinum Equity LLC. Caterpillar, which will retain a 35% share of the business, said it is worth about $750 million, suggesting that Platinum is ...
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Earnings in Private Equity Aren't a Simple Matter
WSJ.comA question most companies can easily answer comes with complications when posed to publicly traded private-equity firms: What count as earnings?
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Elpida Bondholders May Oppose Company Sale
WSJ.comHONG KONG—A group of Elpida Memory Inc. bondholders said they are concerned about the failed Japanese chip maker being sold at an "undervalued" price in an auction closing this week, and are considering submitting their own alternative ...
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Polycom's Smart Move
Barrons.comPolycom (PLCM: Nasdaq) By Wedbush ($12.01, May 10, 2012) Polycom announced that it was entering into an agreement with Sun Capital Partners to sell its enterprise wireless voice business for gross proceeds of $110 million.
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Builder Is Constructing REIT for Home Rentals
WSJ.comInvestors can buy stakes in malls, apartment towers, timber forests and even cellphone towers through real-estate investment trusts. Now, add to the list: single-family homes transformed into rental properties.
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Hess CEO Buys $2.5 Million in Stock
Barrons.comThe top insider at Hess threw a little energy behind the company recently and bought up some shares. On April 30, Chairman and Chief Executive John B. Hess bought 48,000 shares of Hess (ticker: HES) for $2,496,082, an average of $52 each.
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Molson Coors Profit Slips on Flat Sales
WSJ.comMolson Coors Brewing Co.'s first-quarter earnings slipped 4.1% as it shouldered costs tied to a recent acquisition and weaker-than-expected sales.
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Barneys Skirts Bankruptcy; Luxury Retailer Gives Ownership to Hedge Fund, Burkle in Deal Restructuring $590 Million in Debt
WSJ.comHigh-end fashion retailer Barneys New York has reached a deal to restructure its debts and stay out of bankruptcy court at the price of handing ownership to creditors Perry Capital and Ronald Burkle's Yucaipa Cos.
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Booking Profits at Facebook
WSJ.comSomething worth watching for those who plan to buy into Facebook's IPO: Early investors plan to take a fair amount of money off the table first.
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Euro Held Aloft As Bears Back Off Extreme Bets
WSJ.comNEW YORK (Dow Jones)--Even as the Greek debt crisis threatens to flare up again, the euro has found an unexpected source of support: investors who had been betting against the currency for months.
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Hard to argue with Apollo’s quarterly results; Commentary: Private-equity firm’s results are strong — for everyone
MarketWatchNEW YORK (MarketWatch) — Apollo Global Management LLC, with some robust first-quarter results, just may be the publicly traded alternative investment firm that changes the discussion.
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Apollo Results Beat Expectations
WSJ.comApollo Global Management LLC posted a better-than-expected 23% rise in first-quarter earnings, driven by an increase in management fees and robust growth in investments.
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Caesars to Sell St. Louis Casino to Penn National
WSJ.comCaesars Entertainment Corp. agreed to sell its Harrah's St. Louis casino to regional player Penn National Gaming Inc. for $610 million in cash.
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LightSquared Gets New Extension
WSJ.comLenders to Philip Falcone's LightSquared Inc. agreed to give the wireless start-up another one-week extension when a waiver on debt-term violations expires Monday, said people familiar with the matter.
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Yahoo Cites 'Inadvertent Error' in CEO Academic Record
WSJ.comYahoo Inc. said its new chief executive, Scott Thompson, didn't earn a degree in computer science as stated in a recent securities filing, citing an "inadvertent error."
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How to Invest for Retirement
Investing for retirement is more complicated than opening an IRA or maxing out your 401(k)
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How to Choose a Stock Mutual Fund
When choosing a stock mutual fund, consider performance, manager track record and cost before investing.
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How to Invest in a CD
Even in times of interest rate uncertainty, a certificate of deposit (CD) can still be part of your cash strategy.
SmartMoney Magazine
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![[sm0612wedding4]](http://s.wsj.net/public/resources/images/PF-AC579_sm0612_C_20120515172853.jpg)
The Stealth Wedding: Saying 'I do' in a Public Space
A new wedding trend trades "walking down the aisle" for a walk on the wild side.
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![[sm0612strat]](http://s.wsj.net/public/resources/images/PF-AC580_sm0612_C_20120515180019.jpg)
The Reignited Tech Sector
Technology stocks have rebounded and are once again the darling of the market. Can the resurgence last?
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![[sm0612roi]](http://s.wsj.net/public/resources/images/PF-AC573_sm0612_C_20120515125902.jpg)
Why a 'Balanced' Portfolio May Not Work
Arends: That 60/40 portfolio of stocks and bonds your adviser is pushing might not work.
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The Corner Office
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General Dynamics Changes Tactics
The defense contractor faces a tough enemy: potential cuts in defense.