Best Buy stock pushed higher on word that founder Richard Schulze may be considering a bid to take the electronics retailer private, according to The Wall Street Journal. But Schulze, who owns 20% of the company, may yet decide to sell his stake instead.
GOP presidential candidate Mitt Romney spends a lot of time touting his record on job creation. But when he ran Bain Capital, he also made jaw-dropping profits in leveraged buyouts of companies that later went bust, costing more than 11,000 Americans their jobs.
President Obama has made assailing Bain Capital a centerpiece of his campaign against Mitt Romney, the private equity firm's former CEO. But former President Clinton isn't on board with that line of attack.
Shares of P.F. Chang's soared nearly 30% Tuesday after the restaurant chain agreed to be acquired by private equity firm Centerbridge Partners in a $1.1 billion deal. Here's what it all means for the rest of the dynamic casual dining industry.
On Thursday afternoon, President Obama signed the JOBS Act, and among the changes it will bring to the world of business startups is one that makes use of a rising trend: The power of crowdsourcing.
Apollo Global Management is shelling out $703 million for Great Wolf Resorts, the leading operator of indoor water park resorts. The $5-a-share offer is better than the stock has seen since 2008, but people who bought it around its 2004 IPO will end up taking a real bath.
Theodore J. "Ted" Forstmann died on Sunday from complications related to brain cancer. The private equity pioneer's firm, Forstmann Little & Co., was one of the first to engage in leveraged buyouts -- using borrowed money to buy companies.
