Brokerage firm Knight Capital Group Inc has appointed three new directors. Brokerage firm Knight Capital Group Inc has appointed three new directors, including the chief executive of TD Ameritrade Holding Corp, three weeks after it received a $400 million outside investment, the Wall Street Journal reported, quoting people familiar with the matter.
Firm Management
NY State AG Defends Means of Obtaining Documents in Private Equity Firm Investigation
In the midst of an ongoing New York State investigation into the accounting practices of some of the country's largest private equity firms, two Republican Congressmen asked State Attorney General Eric Schneiderman's office to "cease its efforts" with regard to requests for tax information made directly to the entities involved, The Huffington Post reported last week.
China’s 7 Days Group Announces Go-Private Offer
China's 7 Days Group Holdings, owner of the country's second largest hotel chain, received a buyout offer to go private last week from a consortium that includes the Carlyle Group, Sequoia Capital China and the company's co-chairmen Boquan He and Nanyan Zheng.
Carlyle Group Acquires Stake in Vermillion Asset Management
The Carlyle Group continues to diversify; announcing yesterday that it would buy a majority stake in New York-based Vermillion Asset Management which will reportedly become its exclusive commodities trading platform.
Providence Equity sells management firm stake to investors -source
Media-focused buyout firm Providence Equity Partners Inc has sold an under 10 percent stake in the company managing its funds to two institutional investors.
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Best Buy (BBY.N) founder Richard Schulze has reached out to some of the retailer's top shareholders and Wall Street analysts, hoping they will press the company.
Michaels Stores Inc (MIK.N), North America's largest arts and crafts retailer, reported same-store sales rose 2.9 percent in the second quarter.
Shares of China's best-known local sportswear group, Li Ning Co Ltd, slid 4 .5 pe rcent on Thursday.
Global buyout fund KKR & Co L.P said on Wednesday that it will acquire a stake in privately held retailer Novo Holdco Ltd for $30 million.
Talks between struggling retailer Best Buy Co Inc and its founder Richard Schulze over taking the company private have broken down.
Spanish infrastructure firm Ferrovial (FER.MC) said on Friday it had sold part of its stake in British airport operator BAA Ltd to Qatar.
Groupon Inc's latest financial results raise new questions about the daily deals company's business model and whether Chief Executive Andrew Mason is the right person to fix it.
BTG Pactual, Brazil's sole listed investment bank, could beat its own estimates for profitability this year.
Australian industrial property developer Goodman Group wants to enter the Brazilian market to tap strong demand for high-quality warehouses.
