New York Buyout Firms Probed Over Tax Tactic

Sep. 4 (Bloomberg) -- Cristina Alesci reports that Bain Capital LLC and Apollo Global Management LLC are among private-equity firms subpoenaed by New York’s attorney general in an investigation into whether they are depriving the state of tax revenue, according to two people familiar with the matter. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)