Tuesday, 31 March 2015
Last updated 6 hours ago
Jun 11 2013 | 12:09pm ET
Booz Allen Hamilton has been a profitable investment for the Carlyle Group, but in the wake of an intelligence leak scandal, it may prove a headache.
Shares of the government consultancy fell after an employee, Edward Snowden, came forward as the source of documents showing that the National Security Agency was tracking Verizon phone records in the U.S. Booz Allen fired Snowden today.
Carlyle bought Booz Allen's government contracting business in 2008 and has made some $2 billion on it since. The private-equity firm still owns 67% of the company, which went public in 2010.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…