Saturday, 28 March 2015
Last updated 1 day ago
Sep 25 2013 | 10:08am ET
A group of demonstrators from Newtown, Conn., descended upon Cerberus Capital Management's New York headquarters to push the private-equity firm to make good on a promise it made following the tragic shooting at an elementary school in Newtown last year.
About 50 people, including U.S. Rep. Charles Rangel (D-N.Y.), made the trip to Midtown, where the Newtown Action Alliance hoped to deliver a letter to Cerberus. They were not welcomed into the building.
"They wouldn’t let us in upstairs," NAA's Po Murray told WCBS 880 News. "I don't know why."
Cerberus owns Freedom Group, the gun manufacturer that made the assault rifle used by Adam Lanza to kill 26 people, including 20 children, at the Sandy Hook Elementary School last year. In the wake of the massacre, Cerberus said it would sell the company.
"I'm here to try to remind Cerberus the promise they made and that they're letting my son Jesse down," Neil Heslin, the father of one of the slain first graders, said. "There was a promise made then by Cerberus to sell their interest in Bushmaster."
Cerberus began trying to sell Freedom Group in December, but fears that the circumstances surrounding the move would lead to lowball bids at auction. In April, it was reported that the firm's partners were trying to put together a bidding group to buy the company in which they would remain minority partners.
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…