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Romney under fire over private equity firm Bain Capital

Mitt Romney faced blistering new attacks from his rivals for the Republican presidential nomination over jobs lost at firms bought by his hugely rich venture capital company. On track to win New Hampshire’s first-in-the-nation primary on Tuesday by a wide margin, the former Massachusetts governor found himself justifying what he…

Electronics retailer Kesa to sell Comet

Kesa Electricals on Wednesday said it had agreed to sell its loss-making retail arm Comet for a nominal fee of £2.0 to private-equity firm OpCapita. However Kesa has also agreed to inject £50 million into the business and retain responsibility for Comet’s pension deficit of £46 million before offloading the chain that runs…