Private Equity
3 min read · 08 November 2011
1 min read · 07 November 2011
4 min read · 04 November 2011
1 min read · 04 November 2011
3 min read · 04 November 2011
3 min read · 04 November 2011
1 min read · 04 November 2011
(Reuters) - Apollo Global Management LLC posted a wider-than-expected quarterly loss on Thursday as jittery financial markets hit the value of its private equity assets. Private equity has had a tough third quarter as the decline in markets led to a lower value of portfolios, while buying and selling assets has become more challenging as markets fluctuate and debt financing remains tight. Last month, peer Blackstone Group as well as the private equity segments of banks such as JPMorgan Chase & Co and Goldman Sachs reported losses in the third quarter. KKR is due to report results on Friday.
2 min read · 03 November 2011
3 min read · 03 November 2011
(Reuters) - Mobile gaming company Rovio Entertainment said on Wednesday its hit game Angry Birds had reached a record 500 million downloads in less than two years since its launch. "It's more than any game ever before," Rovio's marketing chief Peter Vesterbacka told a conference in Helsinki. Unlike most mobile-game crazes, Angry Birds -- in which players use a slingshot to attack pigs who steal the birds' eggs -- has stayed at the top of the charts since it was launched for Apple's iPhone on Dec. 11, 2009. Vesterbacka said the company's next aim was to reach 1 billion fans ...
2 min read · 03 November 2011
