Maybe the Bailout.

Governments are overcoming their wariness of private funds as they struggle to finance public improvements.

Cleaning up road kill and maintaining runways may not sound like cutting-edge investments. But banks and funds with big money seem to think so.

Cleaning up road kill and maintaining runways may not sound like cutting-edge investments. But banks and funds with big money seem to think so.

The Carlyle Group said that Louis V. Gerstner Jr., the former I.B.M. chief who became the private equity firm’s chairman five years ago, would step down from that post on Sept. 30.

The sale is part of a broader split of Booz Allen Hamilton’s commercial and government consulting groups.

Norman Pearlstine, the former top editor of Time Inc. and The Wall Street Journal, was named to the new position of chief content officer of Bloomberg on Monday.

The Carlyle Group is counting on its head start in international markets to help it weather recent turbulence.