Wall Street

Other suitors have dropped out and Rupert Murdoch is mulling a $5-billion bid for the company that owns the Wall Street Journal. But the family owned newspaper is pushing for two board seats. Dan Sabbagh has the details.

With The Blackstone Group going public today, Kohlberg Kravis Roberts may be next. But Congress is looking into how private-equity earnings are taxed. So how can anyone know what the companies will be worth? Steve Tripoli reports.

An 8-1 Supreme Court ruling will make it more difficult for investors to bring class action lawsuits that allege they've been ripped off by companies committing securities fraud. Steve Henn reports.

Hedge funds have drawn fire recently for their methods in buying companies and selling off the pieces. But one London-based fund has largely escaped criticism, depite its fearsome reputation. Stephen Beard reports.

President Bush has stated that the job of recovering shareholders' money from banks involved in the Enron scandal should be left to SEC attorneys. But commentator Jamie Court contends the best path to justice is through the private sector.

Major private equity firms are awash in profits, but all that cash flowing around has brought some unwelcome attention from Congress. And that's sent the industry scrambling for cover, where else? K Street. Steve Henn reports.

Someone at the Federal Reserve has been talking to the Wall Street Journal and the word is out: Don't expect an interest rate cut anytime soon. Oh yeah, and there could even be a rate hike when the Fed meets next week.

The Blackstone Group today will announce share prices for its upcoming IPO, and it's not the only private equity firm maneuvering to go public. But will regular investors really get their piece of the private equity profit pie? Bob Moon reports.

Two hedge funds managed by Bear Stearns are on the brink of collapse, victims of the subprime mortgage market going south. Amy Scott reports that the trouble could spread beyond big banks.