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SEC reining in receiver in Stanford $7B Ponzi case
AP - A federal judge ruled Friday that a court-appointed receiver who took over companies run by Texas billionaire R. Allen Stanford can recover only the interest — not the principal — on investments that federal prosecutors say fed a multibillion-dollar Ponzi scheme.
KKR 'plans to list Toys R Us' on stock market
AFP - US private equity firm Kohlberg Kravis Roberts (KKR) plans initial public offerings (IPOs) worth billions of dollars for up to six of its companies, including Toys R Us, the Financial Times said Saturday.
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