1.
U.S. markets recover from steep losses
WASHINGTON, May 17 (UPI) -- The U.S consulting firm Booz Allen Hamilton Inc. says it is separating, with private-equity firm Carlyle Group buying its government division for $2.54 billion.
The split of the McLean, Va., company has paved the way for the pairing of two of the region's biggest private businesses, The Washington Post reported Saturday.
Booz Allen employs 13,000 people and is a top provider of services to the federal government. Carlyle, headquartered in Washington, is a global private equity investment firm with $81.1 billion under its supervision, the Post said.
"Continuing to operate their business as they have will generate a level of growth that will get us the increase in value we're hoping to achieve," said Peter Clare, Carlyle managing director.
Booz Allen had been considering a major reformation for at least two years before announcing the split, the Post said.
|
|
|
|
|
|
| Additional Business News Stories | |
CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
