Reuters News

U.S. bank group launches Volcker rule legal challenge -- Reuters

The American Bankers Association on Monday initiated a legal challenge to a provision of the "Volcker rule" that restricts bank ownership of certain investments including private equity.

Blackstone's La Quinta says files confidentially for IPO -- Reuters

La Quinta Holdings Inc, a hotel chain backed by Blackstone Group LP (BX.N), said on Monday it had confidentially filed with U.S. regulators for an initial public offering of its common stock.

Jos. A. Bank rejects Men's Wearhouse proposal-Reuters

Men's suit retailer Jos. A. Bank Clothiers Inc said its board has unanimously rejected the $1.5 billion bid by Men's Wearhouse Inc, Reuters reported.

Oracle to buy Responsys for $1.39 billion in cloud software push-Reuters

Oracle Corp, the world's No. 2 business software maker, said it would buy web-based marketing software maker Responsys Inc for about $1.39 billion to bolster its cloud computing offerings, Reuters reported.

Abraaj Capital buys 80 pct of Turkish dairy firm Yorsan-Reuters

Dubai-based private equity investor Abraaj Capital acquired 80 percent stake in Turkish dairy products maker Yorsan, Turkey's Competition Board said on Friday.

Carlyle invests in India's Global Health

Private equity firm Carlyle Group LP said it bought a minority stake in Indian hospital and healthcare provider Global Health Pvt Ltd.

Zuckerberg to sell Facebook shares worth about $2.3 billion-Reuters

Facebook Inc founder and CEO Mark Zuckerberg will sell 41.4 million shares worth about $2.3 billion to pay a tax bill, as part of an offering by the social network of 70 million Class A common shares, Reuters reported.

Swedish private equity scores major tax case win in court-Reuters

A Swedish court on Thursday ruled in favor of a top buyout house in a widely watched tax case, a major victory for Sweden's private equity industry which has been slammed with more than 4 billion crowns ($612 million) in back taxes, Reuters reported.

Carlyle, KKR advance in Transpacific NZ waste unit sale, say sources-Reuters

- Carlyle Group and KKR have advanced in the sale of Transpacific Industries Group Ltd's waste management unit, in a deal that could fetch around NZ$880 million ($725.5 million), sources told Reuters.

UBS to sell employee equity services business -- Reuters

UBS said on Thursday it would sell its administrative services arm for employee equity plans to Montagu Private Equity as part of the Swiss bank's drive to simplify its operations.