Topic: Elinor Comlay

Cerberus to acquire DynCorp for $1.5 billion

CHICAGO (Reuters) - DynCorp International Inc has accepted a $1.5 billion takeover bid, including the assumption of debt, from private equity firm Cerberus Capital Management LP CBS.UL>, the defense contractor said on Monday, sending its shares up 48 percent.Under the ...

Bailout bonus tax would be legal: Connecticut AG

<div><p>NEW YORK (Reuters) - Proposals to tax bonuses over $1 million at companies that received government bailouts are likely constitutional, Connecticut Attorney General Richard Blumenthal said on Tuesday.</p><p>Blumenthal, responding to request from a state lawmaker for a formal ...

China exposure boosts FedEx shares: Barron's

NEW YORK (Reuters) - FedEx Corp < FDX.N> shares, which have more than doubled since a low in March, may climb further given the delivery company's growing exposure to overseas markets such as China, Barron's reported on Sunday.FedEx shares benefited ...

JPMorgan to break up unit's hedge fund business

NEW YORK (Reuters) - JPMorgan Chase & Co < JPM.N> is disbanding its stand-alone Principal Investment Management Group's hedge-fund business and private-equity division and shifting staff from this unit to sit within existing businesses, according to a person familiar with the reorganization.The ...