30 July, 2014 by The TZ Newswire Staff Comments Off on Carlyle’s second-quarter earnings double
Carlyle’s second-quarter earnings double
NEW YORK/LONDON (Reuters) – Carlyle Group LP (CG.O) said on Wednesday its second-quarter earnings doubled from a year earlier as one of its European buyout funds started paying performance fees, highlighting the growth potential of its private equity business in Europe. While two U.S. buyout funds accounted for more than half of all of Carlyle’s performance fees in the quarter, the Washington, D.C.-based private equity firm said its third European buyout fund was now also a contributor. “Europe and Japan are both priced at about 20 percent lower than the United States.
30 July, 2014 by The TZ Newswire Staff Comments Off on Lawyer sues GM on behalf of 658 plaintiffs
Lawyer sues GM on behalf of 658 plaintiffs
A Texas lawyer has filed a lawsuit against General Motors on behalf of 658 people who were injured or killed in crashes allegedly caused by faulty ignition switches. The lawsuit filed Tuesday in U.S. District …
30 July, 2014 by The TZ Newswire Staff Comments Off on Bank of America to pay $1.27 billion in fraud case
Bank of America to pay $1.27 billion in fraud case
A U.S. court has ruled that Bank of America must pay the U.S. government $1.27 billion in a nationwide “hustle” fraud.
30 July, 2014 by The TZ Newswire Staff Comments Off on Congress wants to revive ‘lower’ advertised airfares
Congress wants to revive ‘lower’ advertised airfares
A bill to exclude taxes and fees from airline ads goes to the Senate.
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30 July, 2014 by The TZ Newswire Staff Comments Off on Argentine default 101: What you need to know
Argentine default 101: What you need to know
Argentina is almost certainly headed for a technical default of its bond-payment obligations at 12:01 Thursday morning.
30 July, 2014 by The TZ Newswire Staff Comments Off on FOMC Preview: Dashboards, Dissent, & "Degree-Of-Accommodation" Differences
FOMC Preview: Dashboards, Dissent, & "Degree-Of-Accommodation" Differences
“More of the same,” should summarize today’s FOMC statement. There will be no press conference or refresh of the ‘dot plot’ economic projections. The Fed is expected to continue to taper by $10 billion with confirmation that the “growth meme” is playing out just as they projected (especially after today’s GDP print). Goldman believes the focus will be on the jobs ‘dashboard’ and recent inflation data enables the dovish Fed to argue recent moves were noise and stay easier for longer.
30 July, 2014 by The TZ Newswire Staff Comments Off on The problem with health-care cost transparency
The problem with health-care cost transparency
Here’s the problem with a recent attempt by the government to make health costs more transparent, says the CEO of Change Healthcare, a firm that tracks medical claims.