Milken Institute News
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Apollo Global Management LLC, the private-equity firm run by Leon Black, reported first-quarter profit that beat analysts’ estimates as the value of its fund holdings climbed.
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The world’s 200 richest people added $44.6 billion to their collective net worth this week as the Dow Jones Industrial Average reached 15,000 for the first time.
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Africa is making visible progress on economic growth as health and governance improve, according to Microsoft Corp. founder Bill Gates and former British Prime Minister Tony Blair.
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U.S. energy policy makers should offer incentives to convert trucks to run on natural gas to promote energy independence, billionaire T. Boone Pickens said.
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Former Vice President Al Gore says American democracy has been “hacked” by the influence of money in politics and that he hopes activist investors will continue to exert influence on corporations globally to act in civically responsible ways.
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Apollo Global Management LLC, the private-equity firm run by Leon Black, is close to securing at least $5 billion for its latest flagship fund, according to two people with knowledge of the matter.
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U.S. stocks rose, sending the Standard & Poor’s 500 Index trading to another record, as consumer confidence gained and investors bet central banks worldwide will continue their efforts to stimulate the economy.
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The CBS television network could go off the air and become a cable channel if courts don’t stop the Internet startup Aereo Inc. from retransmitting shows such as “NCIS” without permission.
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Guggenheim Partners LLC’s Alan Schwartz, executive chairman of the $180 billion asset manager whose executives own a stake in the Los Angeles Dodgers, said the firm sees opportunities in building infrastructure through partnerships between the private and public sectors.
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BlackBerry Chief Executive Officer Thorsten Heins said the popularity of tablet computers may wane, an indication the company may shelve a follow-up to its ill- fated PlayBook device.
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