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Senate panel peels back Apple's offshore taxes

WASHINGTON - Apple Inc's chief executive officer defended the company's tax record at a Tuesday Senate hearing where lawmakers said the maker of iPads, iPods and Mac computers kept billions of dollars in profits in Irish subsidiaries to avoid U.S. taxes.

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Families edging out private equity in consumer deals

LONDON - From ketchup to hot drinks, family-run investment firms are shaking up the consumer deals market, squeezing out private equity players and forcing them to change strategy.

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China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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Carlyle in talks to buy Energy Capital Partners: report

Thu Jul 7, 2011 8:42pm EDT

(Reuters) - Private equity firm Carlyle Group is in talks to buy energy-focused peer Energy Capital Partners, the New York Times reported, citing sources.

Talks between the private equity firms are continuing and could still fall apart, the paper said.

The companies could not be immediately reached for comment by Reuters.

Energy Capital Partners invests primarily in power generation, electric transmission, midstream gas and other energy markets.

Short Hills, New Jersey-based Energy Capital Partners has raised about $7 billion in equity funds, according to its website.

Carlyle, with about $106.7 billion worth of assets under management, is expected to file for an initial public offering.

(Reporting by A. Ananthalakshmi in Bangalore)
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