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The Blackstone Group has completed its $400 million preferred stock investment in cybersecurity firm FireEye (Nasdaq: FEYE), with ClearSky also participating. The deal was announced in late November.

The big picture: FireEye stunned the cybersecurity world last week by admitting its systems were breached by what it called "a nation with top-tier offensive capabilities." The disclosure now appears to have been the bleeding edge of a much larger hack that was allegedly conducted by Russia's foreign intelligence service, with victims including the U.S. Treasury and Commerce Departments.

Details: The preferred shares convert into common at $17.25 per share. FireEye stock closed trading Friday at $13.83, having fallen more than 10% last week due to the intrusion.

The bottom line: "The hacking operation exposed as many as hundreds of thousands of government and corporate networks to potential risk and alarmed national-security officials in the Trump administration as well as executives at FireEye, some of whom view it as far more significant than a routine case of foreign cyber espionage." — Dustin Volz, WSJ

Go deeper

National Security Council names Russia as "likely" origin of U.S. agency breach

Illustration: Sarah Grillo/Axios

A U.S. task force responsible for investigating the massive cyberattack that breached the departments of Defense, State and Homeland Security — among others — identified the hack as "likely Russian in origin," per a joint statement on Tuesday.

Why it matters: This is the first time the federal government has formally named Russia as the likely origin of the attack.

25 mins ago - World

HRW: Over 100 former Afghan security members dead or missing under Taliban rule

Members of the Taliban movement patrol Kabul's airport in September. Photo: Valery Sharifulin/TASS via Getty Images

The Taliban have "killed or forcibly disappeared" over 100 former members of Afghanistan's security forces since the group took power in August, a Human Rights Watch report published Tuesday found.

Why it matters: It means former military members and officials from the ousted government, activists and other Taliban critics are facing peril amid executions driven by revenge — despite Taliban promises of an "amnesty" with no retributions, notes the New York Times, which first reported the news.

1 hour ago - World

Barbados becomes a republic, replacing U.K. queen with president

Combination images of Dame Sandra Mason, president of Barbados, and Britain's Prince Charles at her swearing-in ceremony in Bridgetown, Barbados, late Monday.

Barbados officially became a republic at midnight local time after Dame Sandra Mason was sworn in as the Caribbean nation's first president in a ceremony attended by the United Kingdom's Prince Charles.

Why it matters: Mason replaced Britain's Queen Elizabeth as head of state Tuesday — removing the country's final remaining colonial tie to the U.K. almost 400 years after the first British ships arrived in Barbados.