Carlyle Group, the world’s second-largest manager of investment alternatives to stocks and bonds, said fourth-quarter profit more than tripled as the value of its fund holdings increased and the firm sold assets at a profit.

San Francisco: Del Monte Foods Co climbed as much as 13% in New York trading after the Financial Times said the maker of canned fruit and Meow Mix cat food is in advanced discussions to be taken over by KKR & Co.