KKR portfolio companies’ IPOs likely on horizon (Reuters)

Reuters - Private equity firm Kohlberg Kravis Roberts & Co is preparing for an initial public offering for discount retailer Dollar General, a source said, and others are speculated to follow as it looks to take advantage of a recent rise in equity markets.

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KKR portfolio companies’ IPOs likely on horizon
(Reuters)

Profit reports push Dow to best July in 20 years (AP)

AP - New hope for the economy just gave the stock market its best July in 20 years.

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Profit reports push Dow to best July in 20 years
(AP)

S&P eyes 1,000 but could be ripe for retreat (Reuters)

Reuters - Wall Street may have momentum on its side next week as the S&P 500 tries to puncture the 1,000 level, but the rally’s staying power will depend on whether U.S. data and corporate earnings provide more signs of economic stabilization.

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S&P eyes 1,000 but could be ripe for retreat
(Reuters)

FCC seeks details on Google app rejection for iPhone (Reuters)

Reuters - The Federal Communications Commission is seeking additional information about Apple Inc’s decision to reject Google Inc’s voice application for the iPhone.

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FCC seeks details on Google app rejection for iPhone
(Reuters)

Illinois files bias suit against Wells Fargo (Reuters)

Reuters - Illinois Attorney General Lisa Madigan filed suit on Friday against Wells Fargo & Co , accusing the second-largest mortgage lender of steering blacks and Latinos into high-cost subprime loans.

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Illinois files bias suit against Wells Fargo
(Reuters)

Allen Stanford replaces criminal defense lawyer (Reuters)

Reuters - Allen Stanford, the Texas financier accused of a $7 billion fraud, replaced his criminal attorney, Dick DeGuerin, with attorneys from the Patton Boggs law firm, the law firms said on Friday.

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Allen Stanford replaces criminal defense lawyer
(Reuters)

Cayman court freezes $9.2 bln of Saad assets (Reuters)

Reuters - A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the center of a financial storm, including some of its equity stakes outside the Gulf.

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Cayman court freezes $9.2 bln of Saad assets
(Reuters)

Executive pay limits advance in U.S. Congress (Reuters)

Reuters - Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage “inappropriate risks,” under a bill approved on Friday by the U.S.

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Executive pay limits advance in U.S. Congress
(Reuters)

FDIC launches test of toxic assets sale program (Reuters)

Reuters - The U.S. Federal Deposit Insurance Corp launched the first test of its Legacy Loans Program to help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday.

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FDIC launches test of toxic assets sale program
(Reuters)

FTSE closes 23.25 points lower (AFP)

AFP - Shares in London closed lower on Friday as investors digested a report on US economic growth that showed a smaller-than-expected contraction but continued weakness in consumer spending.

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FTSE closes 23.25 points lower
(AFP)

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