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KKR & Co., the private-equity firm led by billionaires Henry Kravis and George Roberts, is coming to the rescue of Preferred Sands, a supplier to oil and gas drillers that was forced to skip payments to lenders last year.
CIT Group Inc., the lender that struck a deal to buy Steven T. Mnuchin's OneWest Bank, said the executive will be awarded an annual target compensation package of $4.5 million.
Click through this slideshow to see how CEO pay at the largest four U.S. telecom carriers compared in 2013.
Curtis Hays, 36, of Rancho Cucamonga, was taken into custody on a federal indictment filed Wednesday in federal court in Riverside.
Entrepreneurs are driven, ambitious, do-it-yourself overachievers. Relying on others to get done what we perceive as our job is not only counter-intuitive, it's often damn difficult to do.
The oysters in the Inner Harbor are all grown up and moving out. Nine months after Waterfront Partnership of Baltimore Inc. planted nearly 40,000 baby oysters around the Inner Harbor, the oysters have reached maturity and are being transported to a sanctuary in the Chesapeake Bay.
Japan is about to raise the bar for governments subsidizing zero-emission cars, as it pledges incentives that may exceed $30,000 a vehicle for Toyota Motor Corp.'s first hydrogen-powered sedan.
It's been one of the darkest chapters in CalPERS history, a bribery scandal that prompted a guilty plea from its former chief executive earlier this month.
Goldman Sachs is spearheading an effort among Wall Street's biggest banks to develop a chat tool called Babble that could replace the instant messaging service on Bloomberg LP's ubiquitous terminals.
Federated Investors Inc., Pittsburgh-based investment managers, posted second-quarter net income of $36.9 million, or 35 cents per share, below profits of $40.4 million, or 39 cents per share, a year ago.
Gov. Rick Perry announced Thursday that the financial services company's Austin expansion will create 823 jobs and should generate $210 million in capital investment over the next decade.
Airware, led by founder and CEO Jonathan Downey, raised $25 million in new funding as it develops software for commercial drones.
To understand the interest Asian technology companies are drawing from Japanese investors, listen to Tomas Laboutka, chief executive of Hong Kong-based startup HotelQuickly.
"We were notified today at a convocation hearing in Paris of an unprecedented and unwarranted amount of bail amounting to 1.1 billion euros in the ongoing investigation of UBS AG's French cross-border case," the Zurich-based bank said in an emailed statement following a inquiry from Reuters on Wednesday.
A former Jefferies Group Inc managing director convicted of defrauding investors who traded mortgage bonds through a government program established after the 2008 financial crisis was sentenced on Wednesday to two years in prison.
The Welch ATM acquisition creates bullish sentiment, JP Morgan said. $45 12-month price target.
Updated: Sat Jul 26, 2014 06:54 am
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