Blackstone and Apollo in talks with Chemtura (Headlines)
The FT reports that Blackstone Group and Apollo Management, the private equity groups, are in talks to buy Chemtura, a manufacturer and marketer of speciality chemicals.
George Soros: rocketing oil price is a bubble (Headlines)
Speculators are largely responsible for driving crude prices to their peaks in recent weeks and the record oil price now looks like a bubble, George Soros has warned.
Daido Life Plans to Increase Investment in Hedge Funds (Fund News)
Daido Life Insurance Co., with assets of $58 bn, will increase investment in private equity and hedge funds, while selling lower-yielding Japanese debt.