WASHINGTON - Two private equity firms have backed out of their US$8 billion buyout of upscale audio equipment maker Harman International Industries Inc., making it the latest in a string of such deals to run into trouble amid tightening global credit conditions.

Harman Says Buyout Deal Is Off (The San Francisco Examiner)
WASHINGTON ( Map , News ) - Two private equity firms have backed out of their $8 billion buyout of upscale audio equipment maker Harman International Industries Inc. (