Monday, 4 May 2015
Last updated 7 min ago
May 1 2008 | 2:00am ET
Alternative investments giant Cerberus Capital Management will not invest in controversial security firm Blackwater Worldwide, it said yesterday.
Cerberus had been in talks to invest $200 million in Blackwater, with its auditors reportedly looking at Blackwater’s books since the beginning of the year. But ABC News says that the talks have broken down, with a Cerberus spokesman saying the firm had decided not to pursue a deal with Blackwater.
Blackwater has hundreds of millions in contracts with the U.S. government for providing security in Iraq. The firm has been the subject of intense controversy over its practices in that war-torn country, as well as alleged arms trafficking and overbilling.
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…