Bear Stearns (BSC) department heads met with executives from J.C. Flowers and J.P. Morgan (JPM) Saturday afternoon to give them an overview of business operations, including profit and loss positions, CNBC reports on its website. Potential bidders have apparently been narrowed down to the two, a source says, although last-minute [...]

Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm's first quarter earnings by 50%. "Goldman will also take a hit of about $1.6bn in its leveraged loans business, which has seen a marked decline [...]

The CalPERS board on Monday will take up discussion of AB 1967, a bill that would prohibit the pension system from investing in private equity funds whose management companies are partially owned by sovereign wealth funds of governments with poor human rights records. It already has received a staff recommendation [...]

Mitchells & Butlers (M&B;) is to consider selling a minority stake to private equity firms in return for an injection of cash that would help repair the embattled bars operator's balance sheet.[...]

Apollo Management, the American private equity group, could be forced to pump millions of pounds of cash into Countrywide, Britain's biggest chain of estate agents, in a bid to shore up its investment in the group.[...]

VC Circle is presenting the first of its kind confluence of venture capitalists and private equity investors in Pune on April 4, 2008. It will be the largest ever gathering in Pune of investors, dealmakers and companies in and around the city and other parts of the state of Maharashtra [...]