Cities Compete for Private Equity Crown; China Weekly 09.07

Chinese cities are busy competing with each other to lure private-equity business to set up shop there. Shanghai, Chongqing and Beijing have been shaking hands and offering tax breaks to executives of Blackstone, Carlyle and TPG this past week as fund manager's hunt for office space. Its a high-stakes race for these cities since bringing a PE firm to town would mean not only prestige and access ...

Market Embraces Fall In Jobless Claims

Stocks rally after weekly tally improves. Adobe shares surge as Apple lowers gate to app store.

Weekly Jobless Claims Fall By Much More Than Expected

In another potential sign of improvement in the beleaguered labor market, the Labor Department released a report Thursday morning showing that first-time claims for unemployment benefits fell by much more than expected in the week ended September 4th. The report showed that initial jobless claims fell to 451,000 from the previous week's revised figure of 478,000. Economists had been expecting ...