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Private equity firm Carlyle Group LP, Washington's premier investment bank, will start trading publicly on Thursday at what analysts are calling a discounted initial price of $22 a share, the company announced late Wednesday evening after the markets closed.
The Carlyle Group, the Washington area's most prominent investment bank, turned heads on Tuesday when it confirmed plans to move ahead with its first public sale of stock, an initial offering that could be worth $1 billion or more.
John Edwards has spent several months lambasting Fox News Channel; its parent company, News Corp.; and Rupert Murdoch, the founder, chairman and CEO of News Corp. Calling upon all other Democratic presidential candidates to return contributions from News Corp. employees, Mr. Edwards insisted that "every dime" of the $500,000 advance he received from News Corp. subsidiary HarperCollins Publishers for a book project about homes "has gone to charity." It seems that one of the charities is College for Everyone, which Mr. Edwards himself established and has been citing throughout his campaign. Thus, while condemning Mr. Murdoch and Fox, it is clear that Mr. Edwards has funneled money from a News Corp. subsidiary to his own charity. Campaign Communications Director Chris Kofinis refused yesterday to tell The Washington Times how much of the $500,000 went to College for Everyone.