Topic: Private Equity Firms

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Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
Mitt Romney's five biggest assets as GOP nominee

Typically, an election with an incumbent president on the ballot is a referendum on him. But President Obama is trying to turn the election into a choice, saying in effect that America's problems will get much worse under the other guy. So what does Mitt Romney bring to the table? Here are five assets.
The Masters: 12 women candidates for Augusta National membership

The Augusta National Golf Club has steadfastly refused to alter its all-male membership. But circumstances may soon cause the gender barrier to break, and if it does there are several women who might be good fits for the club.
Eight who have gone from business to politics

From a billionaire publisher to a truck-stop magnate, many have traded the executive suite for political office.
'The Real Romney': 10 facts about the presidential hopeful

From the biography that aims to show America the 'real' politician, here are 10 facts about Mitt Romney, the candidate some voters still feel they don't know

All Content

Despite oil prices, falling euro, Dow closes up slightly

Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
Robert Reich
Obama and Cory Booker: Fairness is essential to growth

Fairness isn’t inconsistent with growth; it’s essential to it. The only way the economy can grow and create more jobs is if prosperity is more widely shared.
Robert Reich
Obama should attack what Bain and JPMorgan have in common

Rather than lobbing generalized  attacks at Mitt Romney and American business, Obama should attack a particular kind of capitalism that Romney and JPMorgan both practice: using other peoples’ money to make big bets which, if they go wrong, can wreak havoc on the economy.
Romney still finding his legs on Bain attacks

He has yet to develop a coherent, consistent response to the President's attacks.
Mitt Romney's Bain problem: private equity has bad rap with public

Mitt Romney is using his record as a job creator at Bain Capital as a selling point, but – even before President Obama's attack ads – the public isn't inclined to buy it, polls suggest.
Cory Booker: Have the Democrats figured out how to respond?

Team Romney is trying to milk the rogue comments by Obama ally Cory Booker for all they're worth. But Obama's press conference in Chicago has given his own team some ammunition.
Decoder Wire
Cory Booker comments: How badly have they hurt President Obama? (+video)

Mayor Cory Booker was so far off-message about the Obama campaign that he couldn’t even see the Democratic Party message. With campaign surrogates like that, who needs election opponents?
Romney's record at Bain Capital is fair game, Obama says (+video)

President Obama's comments come a day after Newark Mayor Cory Booker, usually an Obama ally, criticized the Obama campaign's attacks on Mitt Romney's work in private equity.
Obama's Cory Booker problem: allies undercut anti-Bain message

Cory Booker, Newark's charismatic mayor, back-tracked on his defense of Mitt Romney's company, Bain, but only part-way. Other Obama supporters are muddying his message on private equity, too.
Cory Booker 'very uncomfortable' with Obama's attack on Romney (+video)

Newark Mayor Cory Booker is a campaign surrogate for Barack Obama and a rising Democratic star. But he finds himself ‘very uncomfortable’ with Obama’s attacks on Mitt Romney’s business record.
Robert Reich
Obama's disappointing response to JPMorgan Chase

Even if he didn't want to criticize Jamie Dimon, the president could have used the occasion of JPMorgan Chase's $2 billion trading loss to come out squarely in favor of tougher financial regulation. He didn't.
On campaign trail, Biden paints Romney as corporate raider

The Vice President was in high-unemployment areas of Ohio, suggesting the GOP candidate doesn't care about workers.
Facebook stock: 6 intriguing investors

Facebook stock will make many people suddenly wealthy when it begins trading this Friday. The company is expected to be valued somewhere around $100 billion, with stock expected to sell anywhere between $34 and $38 per share. Here are six of the more unexpected people set to make a killing with initial public offering of Facebook stock, including a rock star, a graffiti artist, and pair of Mark Zuckerberg’s enemies.
LightSquared, bankrupt, still aims to launch wireless network

LightSquared has filed for bankruptcy protection, saying that will give it more time to win regulatory approval. Regulators have blocked LightSquared's plans, saying they could interfere with GPS signals.
Obama "vampire" ads target Romney on economy (+video)

The President's re-election campaign is making a full-court press including TV ads, web video and media appearances.
Obama ad hits Romney on jobs record, Swiss bank account

The new Obama message, which will be broadcast in battleground states Virginia, Ohio and Iowa — accuses Romney of having 'shipped American jobs to places like Mexico and China' when he led the investment firm Bain Capital.
Vox News
Media report card: why Mitt Romney got more positive coverage than Obama

The Pew Research Center’s Project for Excellence in Journalism released its report card on media campaign coverage, and no one came out smelling very rosy. 
Mitt Romney's five biggest assets as GOP nominee

Typically, an election with an incumbent president on the ballot is a referendum on him. But President Obama is trying to turn the election into a choice, saying in effect that America's problems will get much worse under the other guy. So what does Mitt Romney bring to the table? Here are five assets.
Catherine Rohr helps ex-cons return to society by learning to start businesses

Former venture capitalist Catherine Rohr founded the nonprofit Defy Ventures to train ex-prisoners in the ethical and other demands of becoming legitimate entrepreneurs.
Robert Reich
How does the uber-wealthy Romney pay so little in taxes?

Romeny's low tax rate, and how he achieved it, provides an important lesson in how tax laws need to change.
Obama vs. Romney: Who's most 'elitist' and out of touch?

Barack Obama and Mitt Romney are both Harvard graduates. Both are wealthy, although Romney is much richer. Each campaign is trying to paint the other as a candidate for American's wealthy, not the ordinary voter.
Robert Reich
Election 2012: A fable of equality

As voters, we can let rich private equity managers take over the electoral process and further the inequality gap. Or we can do something about it.
The Masters: 12 women candidates for Augusta National membership

The Augusta National Golf Club has steadfastly refused to alter its all-male membership. But circumstances may soon cause the gender barrier to break, and if it does there are several women who might be good fits for the club.
Cover Story
Does America need a CEO in the Oval Office?

Mitt Romney has been both vaunted and vilified for his business background. Here's how running a corporation really compares to running a country.
Eight who have gone from business to politics

From a billionaire publisher to a truck-stop magnate, many have traded the executive suite for political office.