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Blackstone notifies Cohen's SAC it intends to pull money: pension consultant

- Billionaire hedge fund manager Steven A. Cohen is losing the financial support of Blackstone Group Inc, the largest outside investor in his embattled SAC Capital Advisors, which is yanking much of its client money, according to a letter reviewed by Reuters.

Recent Business News

Chinese premier criticizes EU move on trade measures

SHANGHAI - Chinese Premier Li Keqiang criticized the European Union over its plans to investigate alleged anti-competitive behavior by Chinese mobile telecom equipment makers and to impose punitive import duties on solar panels from China, state media reported.

24 May 2013

Visa, Mastercard ask U.S. court to declare card fees are lawful

NEW YORK - Visa Inc and MasterCard Inc, opening another front in an eight-year battle over credit card fees paid by retailers, on Friday asked a federal judge to declare that the fees do not violate antitrust law.

Exclusive: In surprise, General Growth eyes New York office tower

NEW YORK - General Growth Properties Inc has paired with Brookfield Office Properties Inc to bid for an expensive New York building in what could mark the No. 2 U.S. mall owner's entry into a new segment of the retail real estate market, according to two sources familiar with the deal.

24 May 2013

U.S. audit regulator reaches deal with China on document access

NEW YORK - U.S. regulators will get access to Chinese companies' audit documents under a deal announced on Friday, opening the way to probes of bungled audits after a two-year stand-off between China and the United States.

24 May 2013

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