Topic: Ajay Kamalakaran

Blackstone's new fund faces cash shortfall: report

(Reuters) - Blackstone Group < BX.N> is finding it difficult to raise money for a new leveraged buyout fund, the New York Post said, citing people familiar with the matter.The private equity firm, which hoped to raise a fund as large as ...

Pickens backs off wind farm project: report

(Reuters) - Texas oil billionaire T. Boone Pickens has called off plans to build the world's biggest wind farm in the Texas Panhandle, the Wall Street Journal said.Pickens said the wind farm project was scuttled partly because of the lack of ...

JPMorgan to break up unit's hedge fund business

NEW YORK (Reuters) - JPMorgan Chase & Co < JPM.N> is disbanding its stand-alone Principal Investment Management Group's hedge-fund business and private-equity division and shifting staff from this unit to sit within existing businesses, according to a person familiar with the reorganization.The ...

Citi, BofA may raise base pay for investment bankers: report

(Reuters) - Following a Morgan Stanley < plan unveiled last week, Citigroup < and JPMorgan Chase & are not considering an increase in base pay, the paper added, citing two people familiar with the matter.BofA spokeswoman Jessica Oppenheim was quoted as telling the paper that ...

Microsoft may unveil new search engine next week: report

(Reuters) - Microsoft Corp is likely to show a new version of its Internet search engine publicly for the first time next week, the Wall Street Journal said, citing people familiar with the matter.The software giant has been testing a new version ...