ECB holds rates steady ahead of French election; Draghi says downside risks have diminished

The European Central Bank (ECB) held its benchmark interest rate at zero percent on Thursday as President Mario Draghi suggested downside risks to the bloc’s economy had diminished and its economic recovery picked up pace. The ECB chief repeated his warning from...

Buyout firm KKR gets taste of own medicine as activist ValueAct announces stake

Shares of private equity giant KKR jumped on news Thursday morning that activist investing firm ValueAct has taken out a significant stake. KKR’s stock rose more than 6 percent after ValueAct principal Mason Morfit announced a stake of about 5 percent through...