Achates Power Inc., a developer of efficient internal-combustion engines, raised $35.2 million from investors including Sequoia Capital Partners and the venture capital arm of Wal-Mart Stores Inc.’s founding family.
The number of Americans living in poverty remained close to a two-decade high as the nation struggled to fully recover from the economic recession, Census Bureau data show. One bright spot: Fewer people are uninsured.
John Dowd, a combative ex-Marine who cursed at a cameraman after court one day, was the lawyer Galleon Group LLC co-founder Raj Rajaratnam selected for his trial last year on insider-trading charges. The jury, citing overwhelming evidence, voted to convict.
The bodyguard of Rebekah Brooks, the former chief executive officer of News Corp.’s U.K. unit, was charged with perverting the course of justice during probes of phone hacking and bribery at the company’s newspapers.
Dell Inc. founder Michael Dell will only consider backing a buyout by Blackstone Group LP if the private-equity firm guarantees he can remain as chief executive officer, according to a person familiar with the discussions.
New York Governor David Paterson shouldn’t face criminal charges for involving himself in a domestic violence case tied to a former top aide, according to a report by the state’s former chief judge, Judith Kaye .
After days of discussions, Blackstone Group LP and Dell Inc.’s Michael Dell have yet to tackle a critical issue, according to a person with knowledge of the matter: what role he would play if the private-equity firm wins the bidding for the computer maker.