Weber Shandwick News
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Just weeks after his re-election, President Barack Obama summoned about 20 senior administration officials to the White House’s Roosevelt Room for an hour-long meeting on the implementation of his health-care law.
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Microsoft Corp.’s Windows Azure software and related programs have surpassed $1 billion in annual sales for the first time, a sign of progress in the effort to challenge Amazon.com Inc. in cloud computing.
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Cerberus Capital Management LP’s founder Stephen Feinberg and his partners may try to acquire gunmaker Freedom Group Inc. from the private-equity funds managed by his firm, according to two people familiar with the matter.
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Chinese equities in New York rallied the most in almost three weeks, led by commodity producers and solar makers, as easing inflation damped concern Asia’s second-largest economy will tighten monetary policy.
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The trustee administering $541 million in bonds from Suntech Power Holdings Co. Ltd. sent the solar company a notice of default yesterday as the deadline to redeem the notes passed, a person familiar with the matter said.
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Cerberus Capital Management LP, the private-equity firm led by Stephen Feinberg, has raised $1.32 billion for a middle-market loan fund that will seek to take advantage of a pullback in lending, a marketing document shows.
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Cerberus Capital Management LP’s pursuit of grocery chain Supervalu Inc. has stalled because the private-equity firm has had trouble obtaining the funds for a leveraged buyout, said people familiar with the matter.
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Symantec Corp. Chief Executive Officer Steve Bennett plans to cut at least 1,000 jobs as part of his overhaul of the world’s largest antivirus software maker, a person familiar with the plans said.
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The four top federal prosecutors in California said they are cracking down on the state’s medical- marijuana industry, which officials say generates annual sales of more than $1 billion.
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Cerberus Capital Management LP, the New York-based investment firm that owns the largest U.S. gunmaker, will put the company up for sale, acting four days after one of its rifles was used in the Connecticut school shootings that left 26 people dead, including 20 six- and seven- year-olds.
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