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Today's News

Clark and Thunell join Fisterra's board

1 hour, 30 minutes ago

General Wesley Clark and Lars Thunell have joined Fisterra Energy's board to help lead the newly formed power development company. Clark is former NATO Supreme Allied Commander in Europe and Thunell is the former head of the International Finance Corp. _ the financing arm of the World Bank. Fisterra is owned by private equity firm The Blackstone Group LP. The company was created earlier this year to identify and develop independent power projects. It has a focus on projects in Latin America, Europe and the Middle East.

AV Homes receives $135M investment from TPG

1 hour, 30 minutes ago

AV Homes, which develops adult communities and other properties in Arizona and Florida, said Wednesday that private equity firm TPG is making a $135 million in investment in the company. Shares of AV Homes Inc. jumped $2.67, or 18.4 percent, to $17.21 in morning trading. Earlier in the session, the stock touched $17.25, its highest level in more than two years.

AP Top Extended Financial Headlines At 10:47 a.m. EDT

1 hour, 24 minutes ago

From statement to forecasts to news conference, here's what to watch for from the Fed Stocks edge lower as investors wait for clues on stimulus from Fed Chairman Bernanke

AP Top Financial News At 10:47 a.m. EDT

1 hour, 24 minutes ago

Investors look for answers on economy from Fed FedEx 4Q profit drops as priority services lag Stocks edge lower as investors wait on Fed

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