RadioShack Corp., the electronics retailer trying to shake its reputation as a relic, tumbled the most in more than four months after sales missed estimates and the chain announced plans to close about a fifth of its stores.
Fred’s Inc., the regional discount chain that’s exploring a sale, has approached potential buyers including drugstores and private-equity firms as it seeks initial bids in about a month, people with knowledge of the matter said.
The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
KKR & Co.’s billionaire co-founders Henry Kravis and George Roberts received more than $161 million each last year, an increase of more than 17 percent from 2012, as the firm took advantage of rising equity markets to sell shares in companies.
Annie Ierardi works from home in a Nashville, Tennessee, building that’s adding apartments as waves of young workers flock to a city flush with jobs, music and ambition. Amid noise and disruption, she can’t imagine leaving.