Fortress Comes to the Aid of a Friend in Need

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Mount Kellett Capital Management LP, a $5 billion investment firm co-founded by former Goldman Sachs star Mark McGoldrick, is calling on a friend for help.

Yellen: Fed on Track to Raise Rates This Year

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Federal Reserve Chairwoman Janet Yellen said the central bank is on track to raise interest rates this year but will likely proceed cautiously.

Yellen: Fed on Track to Raise Rates This Year

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Federal Reserve Chairwoman Janet Yellen said the central bank is on track to raise interest rates this year but will likely proceed cautiously.

This Week: News Digest

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Items of interest to investors.

Huatai Collects More Fuel for China Stock-Market Fire

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China’s $20 billion barrage of brokerage fundraising is looking long in the tooth, as Huatai Securities launches its Hong Kong IPO.

The Core of the Fed's Inflation Problem

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Rising oil prices and a weaker dollar should feed through to higher core inflation. But not for a while.

Restructuring Firm Chief Sees Renewed Demand in Asia

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The chief of restructuring firm AlixPartners discusses missteps that global companies made in expanding in Asia and why a wave of corporate restructuring is inevitable.

Citi Faces Setback in Commodities Repo Case

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Citigroup isn’t entitled to payment in a $270 million dispute with commodities trader Mercuria Energy Group, a London court ruled.

Deutsche Bank CEOs Face Pressure After Rebuke

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After a stinging rebuke from shareholders at Thursday’s annual meeting, Deutsche Bank co-chief executives Anshu Jain and Jürgen Fitschen must quickly present details on their strategy for turning the bank around.

How to Differentiate the Rates

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Two types of rates quoted by mortgage lenders may be confusing, but they’re designed to help potential borrowers shop for the best mortgage.

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