Megan Davies

Blackstone, CrossHarbor execs in early talks -sources

NEW YORK, Nov 18 (Reuters) - Stephen Steinour, an executive at Boston-based asset manager CrossHarbor Capital Partners, is in early talks with Blackstone Group to put together a fund to invest in distressed banks and financial...

Carlyle steel unit sale to Russian firm collapses

By Megan Davies NEW YORK, Nov 14 (Reuters) - Russian steelmaker Novolipetsk Steel has pulled out of a $3.5 billion agreement to buy U.S. rival John Maneely Co from buyout firm Carlyle, the U.S. company said on Friday. The deal,...

Reuters Summit-TD Bank says committed to financing BCE deal

There have been concerns about the deal closing amid the turbulence in the financing markets. BCE shares are significantly below the deal price of C$42.75 a share. Clark, speaking at the Reuters Global Finance Summit in New...

KKR Financial cuts div, gets more time on debt

NEW YORK (Reuters) - KKR Financial Holdings LLC , a publicly traded debt fund managed by private equity firm Kohlberg Kravis Roberts & Co, said on Monday it will not pay a third-quarter dividend, and arranged for more time to...

Blackstone posts loss, shares slide

By Megan Davies NEW YORK (Reuters) - Private equity company Blackstone Group LP reported a wide third-quarter loss on Thursday and said it had lowered the value of its investments amid turbulent markets. Blackstone also warned...

MAN Group, Blackstone shares tumble after results

NEW YORK/LONDON (Reuters) - Shares in the world's largest listed hedge fund manager Man Group Plc tumbled on fears its clients would liquidate yet more funds, while in New York private equity firm Blackstone slid after a...

Apollo Investment Corp income down 8 pct (at Reuters)

a publicly-traded investment firm managed by private equity company Apollo, said on Wednesday net investment income fell 8 percent. Net investment income totaled $56.5 million or 40 cents per share for the three months ended...

Hertz said won't meet guidance, cuts staff

NEW YORK (Reuters) - Car and equipment rental firm Hertz Global Holdings Inc said on Wednesday that reduced demand means it won't meet its latest forecast, and suspended estimating earnings until the economy improves.

Hertz said won't meet guidance, cuts staff

NEW YORK, Nov 5 (Reuters) - Car and equipment rental firm Hertz Global Holdings Inc said on Wednesday that reduced demand means it won't meet its latest forecast, and suspended estimating earnings until the economy improves....

DEALTALK-Hexion could face steep risks in Huntsman bid

By Michael Erman NEW YORK, Nov 5 (Reuters) - As Apollo Management's options dwindle in its struggle over the acquisition of Huntsman Corp , the private equity firm would benefit from a strategy to reduce its substantial legal...

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