US Federal Reserve Vice Chair Janet Yellen showed strength and loyalty in a two-hour confirmation hearing with the US Senate Banking Committee regarding her nomination for the Fed Chairman role.
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Former US Treasury Secretary Timothy Geithner joins Warburg Pincus
Former US Treasury Secretary Timothy Geithner will be joining global private equity firm Warburg Pincus LLC in March. Geithner became notable for his role during the US financial crisis.
Senior executive at Monte Paschi's biggest shareholder quits job over stake sale plan
Giorgio Olivato, vice chairman of a foundation that is Monte Paschi's largest shareholder, has resigned from office for unknown reasons. Sources, however, said that Olivato opposed the foundation's plan to sell its stake in the Italian bank.
Founder Keith Teare says he is interested to buy assets of just.me- report
Keith Teare, the founder of just.me, told TechCrunch that he is interested in purchasing the assets of the mobile messaging platform which would be selling its five assets separately.
Reporter tries what private equity-free life is like- report
Reporter Becky Pritchard tried living for one week without using products or services that were supported by the private equity industry-- and was surprised at how difficult the experience was.
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Fee examiner Richard Stern recommended to Judge Allan Gropper that USD 240 million in fees and expenses be paid to Eastman Kodak Co's lawyers and advisers.
Herbalife Ltd fourth largest shareholder Bill Stiritz said he would most likely take part in a leveraged buyout of the company, as the nutrition company is in the middle of pyramid scheme accusations by hedge fund manager Bill Ackman.
Despite Daniel Loeb's assurance that he or his hedge fund Third Point LLC does not have any plans to ouster FedEx Corp founder, chairman and chief executive Fred Smith, an analyst said
Bedlam Asset Management, a London-based fund manager founded by former Credit Lyonnais Securities Asia managing director Jonathan Compton, would be closing shop after chief executive officer Ian McCallum quit without notice last October.
TPG Capital replaced Stephen Peel with Tim Dattels as co-head for Asian operations and assigns Peel to focus on TPG's interests in emerging markets beyond the region.
The securities drop indicated investors' anxiety as they watch out for signs regarding the future US Federal Reserve's bond-buying program from some of its officials next week.
ICE chief executive officer Jeffrey Sprecher said divestments of some of NYSE's assets was detrimental to its goal of reducing expenses of its newly-combined company.
Nissan Motor Co Ltd will build 1 million cars in Mexico by 2016, cementing the country's position as the export hub for the Japanese automaker in the Americas, Chief Executive Carlos Ghosn told Reuters as he inaugurated a $2 billion plant.
TPG Capital senior partner Tim Dattels, a former Goldman Sachs banker, is moving back to Asia to be co-head of the global private equity firm's regional operations, as current Asia head Stephen Peel steps away from day-to-day management.
