One of world’s richest doctors sees fortune surge to $12 billionThe billionaire, who is in his early 70’s, grew the $28 billion healthcare chain from a single clinic opened in 1993 to a company that oper...
25 Jan, 2024, 04.34 PM IST
S&P 500, Nasdaq gain ahead of Fed rate decision; UnitedHealth fallsThe S&P 500 and Nasdaq soared to new multi-month highs on Wednesday as investors predicted the Federal Reserve would keep interest rates on...
14 Jun, 2023, 11.00 PM IST
Wall St slips on mixed earnings, Fed's rate path in focusUS Treasury yields increased following the survey, leading to the decline of technology and growth stocks, while a slate of Fed speakers th...
21 Apr, 2023, 10.47 PM IST
Ind vs Aus 2nd Test: After Chetan Sharma’s resignation, Delhi fan’s poster of Virat Kohli goes viralAs the dust settles on Chetan Sharma’s resignation as BCCI head of selectors, a poster raised by a spectator at the Arun Jaitley Stadium du...
17 Feb, 2023, 04.48 PM IST
Wall Street ends choppy session higher on mixed earnings, U.S. stimulus debateThe major stock indexes oscillated for much of the day but ended in the black. The Nasdaq had the smallest gain, capped by a 1.2% drop in A...
23 Jul, 2020, 07.01 AM IST
US junk bonds are back in favour, for nowJunk bonds in January delivered strongest monthly performance in more than seven years.
04 Feb, 2019, 11.32 AM IST
Obamacare repeal on the ropes as pivotal Republican rebuffs Donald TrumpThe most moderate of Republican senators joined John McCain and Rand Paul in rejecting the bill to end Obamacare.
27 Sep, 2017, 12.31 AM IST
- Facebook to lead biggest US internet IPO since 1999
With another 14 Web-related companies planning sales, internet industry may raise $11 billion next year.
29 Dec, 2011, 01.40 AM IST
- BofA loses No. 1 assets ranking to JPMorgan
Bank of America became biggest by assets under former CEO Kenneth D. Lewis through acquisitions.
19 Oct, 2011, 06.14 AM IST
- BofA eyes $800 mn for Pizza Hut franchisee stake
Bank of America Chief Executive Officer Brian T Moynihan has agreed to sell almost $50 billion in assets and units ahead of stricter intern...
24 Sep, 2011, 05.02 AM IST
- Bank of America races to sell assets
BofA is ridding itself of investments, businesses it considers "non-core" in order to raise cash and lower asset base that determines its r...
24 Sep, 2011, 04.04 AM IST
- Big leveraged buyouts, set to deliver big returns
Some of the companies now weighing stock offerings were once left for dead. They are now set to deliver as much as three-fold returns for o...
10 Feb, 2011, 04.29 AM IST
- KKR attracting $2.5bn may signal fundraising thaw
KKR, the private-equity firm managed by Henry Kravis and George Roberts, is set to raise more than $2.5 billion for new funds in the second...
05 Nov, 2010, 01.54 AM IST
- KKR to buy Usen unit in first major Japan deal
Kohlberg Kravis Roberts & Co said on Friday it would buy Intelligence Ltd, a unit of cable broadcaster Usen Corp, for 32.5 billion yen ($35...
18 Jun, 2010, 12.26 PM IST
- Merrill plays catch up with Goldman, Lehman
Merrill Lynch & Co CEO Stanley O’Neal is making acquisitions at the fastest pace in more than a decade to catch up with Goldman Sachs Group...
18 Jan, 2007, 12.26 AM IST
- Bosses sell their cos, get millions & keep jobs too
For sinful corporate behaviour, it is hard to beat the multiple millions bosses heap on themselves when they sell their companies.
16 Dec, 2006, 02.53 AM IST
- Bond street’s fearing a new nemesis: LBOs
The world’s biggest bondholders are determined to make an example of Henry Kravis. Pacific Investment Management and Advantus Capital Manag...
09 Nov, 2006, 02.30 AM IST