Katy Perry's record label EMI is being eyed up for a takeover by billionaire Len Blavatnik's Access Industries, Sony Music Entertainment and Vivendi's Universal Music Group... more
Alliance Boots shrugs off a sluggish European economy and irritation from tax campaigners about the move of its headquarters from Nottingham to Zug in Switzerland by recording soaring sales... more
Riskier forms of financing are expected to make a comeback with a resurgence of private-equity deals and a more relaxed lending environment, Goldman Sachs claims... more
British pet products retailer Pets at Home reported a 36 per cent increase in annual profit, driven by new store openings and an 8.8 per cent rise in sales from existing shops... more
City Comment: The financial crisis was a meteorite and private equity was the Earth; when it hit all the dinosaurs on planet private equity became extinct... more
City Comment: It was Manchester United versus Arsenal in 1999 that Sky used to launch “pressing the red button”. By the end of this decade we'll all be watching in 3D. ... more
Credit Crunch: Masonite International, a building materials firm taken over by buyout giant Kohlberg Kravis Roberts may file for bankruptcy unless it can renegotiate loans with its banks.... more
Insurance: Insurance giant American International Group is looking for a bridging loan of $40 billion (£22 billion) from the US Federal Reserve as it tries to sell assets to rebuild its balance sheet... more
New listing for private equity powerhouse, which could see it valued at $15 billion, will provide a more solid capital base in a difficult time for the sector... more
ANALYSIS Jerry Yang, chief executive of Yahoo, will be feeling hot under the collar now that Carl Icahn has set his sights on the internet company... more
Shares in buyout firm Kohlberg Kravis Roberts's Financial division plunged 6.2% after the company announced a deal to exit its mortgage-related business.... more
Sound check: German industrial metal band Rammstein literally play with fire in their live performances - and now they are about to unleash their singeing spectacle on London. Watch out for your eyebrows
Morning:
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