KKR limps

Shares of Kohlberg Kravis Roberts, co- founded by “buyout king” Henry Kravis, fell 3 per cent to $10.20 in their debut on the New York Stock Exchange.

AIG, Citi news

American International Group Inc. and Citigroup Inc. said they misclassi fied more than $25 billion of repurchase agreements and securities lending transactions as sales since 2007.

Suit Chased

JPMorgan Chase won dismissal of a lawsuit by MLSMK Investments Co., a victim of Bernard L. Madoff’s Ponzi scheme, claiming the bank know ingly participated in the fraud, in which it lost $12.8 million.

‘Mad Men’ on

AT&T Inc.’s U-verse TV customers will con tinue to receive the AMC, IFC and WE televi sion channels and shows like “Mad Men,” after it reached a deal with Ca blevision System Corp.’s Rainbow Media.

Allen gives

Microsoft co-founder Paul Allen, whose wealth is estimated at $13.8 bil lion, said he planned to leave most of his fortune to philanthropic causes after his death.

Black’s bill

Ex-Hollinger Interna tional CEO Conrad Black, convicted of fraud and serving a 6½-year sentence, owes an Internal Revenue Service bill of almost $71 million.