The Carlyle Group LLC

Gymboree agrees to $1.8 billion buyout by Bain

Children's clothing retailer Gymboree agrees to $1.8B buyout from affiliates of Bain Capital. Children's clothing retailer Gymboree Corp. has agreed to be bought by asset management firm Bain Capital for $1.8 billion in what would be the sixth-largest private equity deal of the year.
 

Ex-NY comptroller pleads guilty in pay-to-play

Ex-NY state comptroller pleads guilty to felony in state pay-to-play scandal. Former New York state Comptroller Alan Hevesi admitted Thursday that he accepted free travel and campaign contributions from a financier in exchange for investing hundreds of millions of dollars of state pension money with the businessman's firm.
 

Ex-NY comptroller Hevesi pleads guilty in pension scam

NEW YORK (Reuters) - Former New York State Comptroller Alan Hevesi on Thursday pleaded guilty to a felony corruption charge for his role in a pay-to-play scheme involving the $132 billion state pension fund.
 

GE a buyer once more with energy and finance deals

BOSTON (Reuters) - General Electric Co <GE.N> marked its return to the takeover track with its first major deals since the start of the financial crisis, for a maker of engines used in oil and gas production and a credit card portfolio.
 

JPMorgan traders to form new alternatives unit

NEW YORK (Reuters) - JPMorgan Chase and Co <JPM.N> is starting a new alternatives unit in its asset management business, formed from traders who are no longer allowed to trade for the bank's own account under new U.S. rules, according to a company memo.
 

CoreSite Realty shares up 2 percent in IPO debut

Shares of data center landlord CoreSite Realty increase 2 percent in IPO debut Thursday. Shares of CoreSite Realty Corp. rose in their market debut on Thursday.
 

Rubenstein gives $10 million to Kennedy Center

Rubenstein gives Kennedy Center $10 million to support National Symphony Orchestra, programs. Kennedy Center chairman David Rubenstein announced a $10 million gift to the performing arts complex Wednesday to support the National Symphony Orchestra's new music director and the center's programs.
 

New CEO says GM repayment to US may take 'couple of years'

The new General Motors chief executive said Thursday it may take a "couple of years" to repay the US government's 50-billion-dollar investment that allowed the auto giant to emerge from bankruptcy.
 

GM bailout payback to take several years: CEO

DETROIT (Reuters) - General Motors Co <GM.UL> is determined to pay back taxpayers as quickly as possible, but the process could take "several years," GM Chief Executive Dan Akerson said on Thursday.
 

BAE Systems 'to sell some US assets'

Britain's BAE Systems, the world's top maker of military equipment, is selling some of its North American commercial aerospace business, The Wall Street Journal reported Saturday.
 

BAE Systems to sell some US assets: report

Britain's BAE Systems, the world's top maker of military equipment, is selling some of its North American commercial aerospace business, The Wall Street Journal reported Saturday.
 

BAE puts North American units up for sale: source

NEW YORK (Reuters) - British defense contractor BAE Systems Plc <BAES.L> has hired advisors to sell part of its North American commercial aerospace business in an auction that could generate up to $2 billion, a source familiar with the matter told Reuters on Saturday.
 

New GM CEO's pay package worth $9 million

New General Motors CEO to get pay package worth $9 million in salary and stock. New General Motors Co. CEO Daniel Akerson will get up to $9 million in salary and stock, the same pay package granted to his predecessor, Ed Whitacre.
 

AP Source: New GM CEO wants automaker to beat BMW

AP Source: In first webcast, new GM CEO tells workers automaker must beat rivals such as BMW. General Motors' new CEO told employees that the automaker needs to make cars and trucks that are better than those of competitors such as BMW.
 

Goldman NY proprietary traders consider next move

NEW YORK (Reuters) - Members of Goldman Sachs Group Inc's New York Principal Strategies team are in talks with several groups, including KKR, Perella Weinberg, BlackRock Inc and Carlyle Group, to possibly join one of the firms, a source familiar with the matter said.
 

China allows insurers to invest in PE, property

SHANGHAI (Reuters) - China will allow insurers to broaden their investment channels into private equity and real estate, a long-awaited move that could unleash as much as $100 billion worth of fresh funding into unlisted firms and the property sector.
 

Nielsen plans to raise $2 billion in IPO: filing

NEW YORK/BANGALORE (Reuters) - Private equity-owned Nielsen plans to raise up to $2.01 billion through an initial public offering, more than the $1.75 billion it was originally aiming for, it said in a U.S. regulatory filing on Monday.
 

GM CEO steps down on cusp of IPO filing

DETROIT (Reuters) - General Motors Co Chief Executive Ed Whitacre resigned on Thursday in an abrupt shift that came as the automaker hit the homestretch in preparing a stock offering to pay back its controversial bailout.
 

GM CEO steps down on cusp of IPO filing

DETROIT (Reuters) - General Motors Co Chief Executive Ed Whitacre resigned on Thursday in an abrupt shift that came as the automaker hit the homestretch in preparing a stock offering to pay back its controversial bailout.
 

GM posts another profit, moves toward stock sale

GM moves closer to stock sale, posting $1.3 billion quarterly profit as CEO moves on. In a signal moment for the turnaround of the American auto industry, General Motors is edging toward a public stock sale, and its profits are now solid enough that the demanding CEO will step aside, saying his work is done.