Private Equity
(Reuters) - The heads of two of the world's most powerful private equity firms issued a dire report on the U.S. economy on Wednesday, signaling problems for political leaders and their own firms' ability to realize profit on their portfolios. "We never really emerged from the last recession," Carlyle Group co-founder David Rubenstein said at a breakfast session at Lincoln Center that also featured Blackstone Group Chief Executive Stephen Schwarzman. "It will last a few more years before we get unemployment to a level that is tolerable," Rubenstein said.
4 min read · 29 September 2011
(Reuters) - Yale University's endowment earned a 21.9 percent investment return last year with foreign stocks and private equity investments fueling gains, the Ivy League school said on Wednesday. The elite school said the endowment value rose to $19.4 billion, making it one of the richest in the world. Due to large bets on private investments, real estate and hedge funds, the New Haven, Connecticut-based school put up slightly better returns than arch rival Harvard, which reported a 21.4 percent investment gain. Harvard's endowment remains much larger, however, at $32 billion.
1 min read · 29 September 2011
(Reuters) - Amazon.com Inc. introduced its eagerly awaited tablet computer on Wednesday with a price tag that could make it the first strong competitor in a tablet market that has been dominated by Apple Inc.'s iPad. The new device, priced at $199, may have the biggest impact on other makers of tablets and e-readers, such as Samsung Electronics Co. Ltd. and Barnes & Noble Inc., maker of the Nook. (SLIDESHOW and VIDEO of Amazon CEO Jeff Bezos introducing the Kindle Fire.) "It's a Nook killer," said Scot Wingo, chief executive of ChannelAdvisor, which helps merchants sell more on websites including Amazon.com. "And it's a very compelling offering if you're not in the Apple ecosystem already." The Kindle Fire tablet has a 7-inch screen, free data storage over the Internet and a new browser called Amazon Silk. Amazon expects shipments to start on Nov. 15. Amazon also introduced the ...
3 min read · 28 September 2011
2 min read · 28 September 2011
2 min read · 28 September 2011
2 min read · 27 September 2011
3 min read · 27 September 2011
2 min read · 27 September 2011
2 min read · 27 September 2011
2 min read · 26 September 2011
