Newsblaster Archived Run Click here to return to today's news. Saturday, March 15, 2008 Articles from 03/12/2008 to 03/15/2008 Last update: 6:24 AM EST
Search for: Offline summarization (match summaries) Hybrid summarization Online summarization Offline summarization (match articles) U.S. World Finance Sci/Tech Entertainment Sports View Today's Images Back to Archive Index About Newsblaster About today's run Newsblaster in Press Academic Papers Article Sources: washingtonpost.com (457 articles) ft.com (210 articles) news.bbc.co.uk (181 articles) suntimes.com (173 articles) baltimoresun.com (164 articles) foxnews.com (95 articles) nypost.com (79 articles) timesonline.co.uk (76 articles) cbc.ca (72 articles) dallasnews.com (65 articles) abcnews.go.com (60 articles) business. timesonline.co.uk (58 articles) usatoday.com (49 articles) latimes.com (28 articles) msnbc.msn.com (18 articles) wired.com (15 articles) ac360. blogs.cnn.com (14 articles) hosted.ap.org (12 articles) cnn.com (11 articles) sfgate.com (8 articles) weblogs. baltimoresun.com (8 articles) entertainment. timesonline.co.uk (6 articles) cbsnews.com (5 articles) time.com (4 articles) travel.latimes.com (3 articles) cachef.ft.com (2 articles) lakersblog. latimes.com (2 articles) women. timesonline.co.uk (2 articles) travel. timesonline.co.uk (2 articles) nature.com (1 article) latimesblogs. latimes.com (1 article)	Carlyle fails to save $22bn CCC fund Summary from multiple countries, from articles in English Henry Paulson urged Wall Street banks yesterday to raise new capital rapidly to shore up their finances as a $22 billion ($10.8 billion) investment fund collapsed, marking one of the worst casualties of the credit crisis. (article 5) The immediate casualties of this new chapter include hedge funds and other leveraged investors such as Carlyle Capital Corporation, the listed credit fund sponsored by Carlyle Group, the private equity firm. (article 8) Panicking investors snapped up gold yesterday as the price rose to more than $1,000 per ounce for the first time amid escalating fears of the global credit crisis. (article 6) This week€s emergency credit market intervention by the US Federal Reserve was supposed to ease the liquidity crisis for struggling financial groups such as Carlyle Capital Corporation. (article 4) Carlyle's defence - that its assets are AAA and US government-backed - no longer appears to hold water. (article 3) David Rubenstein on Thursday pledged to compensate investors hit by the collapse of a $22bn mortgage-backed securities fund his private equity group floated seven months ago. (article 1) AMSTERDAM (Reuters) - An affiliate of U.S.-based buyout firm Carlyle Group has defaulted on about $16.6 billion of debt and expects its lenders to seize remaining assets as the global credit crunch tightens around leveraged investors. (article 2) Other summaries about this story: Summary from the United Kingdom, from articles in English (3 articles) [compare] Summary from United States, from articles in English (5 articles) [compare] Event tracking: Track this story's development in time Story keywords Carlyle, CCC, Banks, fund, mortgage Source articles Carlyle fails to save $22bn CCC fund (ft.com, 03/13/2008, 311 words) ABC News: $16B Default Shakes World Markets (ABCNews, 03/13/2008, 311 words) Triple-A rating not enough to save Carlyle Capital Corporation (business.timesonline.co.uk, 03/14/2008, 774 words) Fed just made matters worse, says Carlyle (ft.com, 03/14/2008, 376 words) US Treasury Secretary Henry Paulson urges banks to bolster finances after Carlyle Capital Corporation collapses (business.timesonline.co.uk, 03/14/2008, 759 words) Gold soars as panicking investors seek safety (business.timesonline.co.uk, 03/14/2008, 380 words) On Wall St: Private equity could discover a silver lining (ft.com, 03/14/2008, 203 words) Fear of further casualties whips up new storm (ft.com, 03/14/2008, 641 words) blaster@cs.columbia.edu