 | Hello |  |  | Olympus Corp head Tsuyoshi Kikukawa resigned after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value, but his successor stuck with the company's line that it had done nothing wrong.
KKR plans to launch a new pan-Asia fund to raise up to $6 billion in the first quarter of 2012, two sources with knowledge of the matter told Reuters, underlining the global buyout industry's bullish view on Asia's economic growth.
Regulators are considering easing a proposed rule so that fewer hedge fund advisers would have to hand over troves of confidential data to the government, according to people familiar with the deliberations.
"Perhaps it is not Occupy Wall Street that the banks should fear, but their latest frothy financial product," the NYT's Deal Professor writes. Is the banking sector ripe for spinofffs?
Groupon's IPO roadshow pitch is revving into high-gear this week. But CEO Andrew Mason and the rest of the crew might want to first convince its own clients of the company's benefits, writes Alistair Barr.
For you morning distraction check out this Groupon IPO parody site. | | | Nasdaq executive sees up to 20 IPOs in U.S. by year-end | | October 25, 2011 10:56 PM ET | | HONG KONG (Reuters) - Nasdaq OMX Group expects between 15 and 20 more U.S. initial public offerings (IPOs) this year despite volatility in global markets that has dampened deal volume in recent months, a top executive at the company told Reuters. | Full Article | | KKR plans up to $6 billion pan-Asia fund: sources | | October 26, 2011 02:28 AM ET | | HONG KONG (Reuters) - Private equity fund KKR & Co LP plans to launch a new pan-Asia fund to raise up to $6 billion in the first quarter of 2012, two sources with knowledge of the matter told Reuters, underlining the global buyout industry's bullish view on Asia's economic growth. | Full Article | | Daimler and Renault mull premium car alliance: report | | October 26, 2011 03:10 AM ET | | FRANKFURT (Reuters) - Daimler's chief executive Dieter Zetsche has told Renault executives he would consider developing premium vehicles together, a top manager at Renault was quoted as saying in German newspaper Boersen-Zeitung on Wednesday. | Full Article | | Arcelor leaves Peabody with solo Macarthur bid | | October 25, 2011 09:35 PM ET | | BRUSSELS/LONDON (Reuters) - ArcelorMittal has pulled out of its joint $5 billion bid with Peabody Energy for Australia's Macarthur Coal , days after the target's top shareholder accepted the offer and left the steelmaker with a higher-than-expected cost. | Full Article | | | TOP NEWS
| | Incoming ECB head gives euro zone pre-summit boost | | October 26, 2011 10:22 AM ET | | BRUSSELS/ROME (Reuters) - The incoming head of the European Central Bank threw the euro zone a lifeline hours before a crucial summit on Wednesday by signaling the bank would go on buying troubled states' bonds to combat market turmoil. | Full Article | | Ex-Goldman director Gupta arrested in Galleon case | | October 26, 2011 09:37 AM ET | | NEW YORK (Reuters) - Rajat Gupta, a former Goldman Sachs Group Inc director and former global head of McKinsey & Co, was arrested on Wednesday on criminal charges related to his hedge fund manager friend Raj Rajaratnam, the central figure in a U.S. crackdown on insider trading. | Full Article | | New home sales rise in September, prices fall | | October 26, 2011 10:09 AM ET | | WASHINGTON (Reuters) - New single-family home sales rose at their fastest pace in five months in September, a government report showed on Wednesday, but sustained price declines indicated the housing market is far from recovery. | Full Article | | Ford profit down, focus now on dividend | | October 26, 2011 09:50 AM ET | | DETROIT (Reuters) - Ford Motor Co posted a lower third-quarter profit after misjudging the threat of higher commodity prices and sustaining losses in its European and Asian operations. | Full Article | | Durable goods demand shows economy strengthening | | October 26, 2011 10:27 AM ET | | WASHINGTON (Reuters) - Demand for a range of long-lasting manufactured goods rose in September at the fastest pace in six months, suggesting the economy was heading into the fourth quarter with solid momentum. | Full Article | | | | TECHNOLOGY NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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