U.S. stocks were little changed, capping the worst week for the Standard & Poor’s 500 Index since August, with losses in oil producers and phone shares offsetting gains after the House of Representatives passed a budget deal.
Thomas H. Lee Partners LP has told investors it expects to seek $3 billion for its next private- equity fund, less than half the amount it raised for the prior pool that closed in 2007, according to two people briefed on the matter.
U.S. stocks rose to records, with benchmark gauges capping a sixth week of gains, as investors assessed data on factory output amid growing speculation the Federal Reserve will maintain the pace of its monthly stimulus.
The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.
Aug. 27 (Bloomberg) -- Thomas Lee, chief U.S. equity strategist at JPMorgan Chase, talks with Bloomberg's Adam Johnson and Linzie Janis about the outlook for stocks. They speak on Bloomberg Television's "Street Smart." (Source: Bloomberg)