Drumroll, please: Almost two years after radio station and billboard company Clear Channel Communications began exploring strategic options, its $17.9 billion takeover finally closed on Wednesday.
The deal, slowed by legal battles in two states and negotiations to lower the purchase price, became a symbol of the buyout industry’s glory days and the subsequent struggles of […]
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Two takes from the latest data on U.S. M&A activity so far: The Europeans are coming like never before — and buying their beer here — and the credit crunch has really taken the pizzazz out of the ‘p’ in private equity.
The latest numbers from Thomson Reuters show that so far in 2008, about one-third […]
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As Q2 earnings season pushes on, a Bloomberg report this morning warns that earnings for the S&P 500 Index companies have dropped 24% vs. a year earlier. Even excluding financials and energy, Q2 earnings are on pace for a gain of a mere 2.8%, accordin
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Earlier this year Radar.com named Julia Allison one of the most hated people on the Internet. That may be true, but as this month’s Wired cover story explains, Allison has ridden controversy to fame and opportunity. …
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The SEC extended its restrictions on “naked shorting” of 19 select financial stocks late Tuesday, as was widely expected. Equally predictable, the Federal Reserve announced Wednesday it will allow Wall Street firms to access the discount window
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Comcast CEO Brian Roberts cited a “challenging economic environment” as the cable giant reported second-quarter revenue that beat expectations, but earnings fell shy of consensus.An equally, or perhaps bigger, challenge for the company is the an
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From Silicon Alley Insider, July 30, 2008:Less than two years after giving up on their attempt to take on Apple and the iPod, Dell is getting ready to try it again.
Any reason to think they’ll pull it off this time? Maybe: The WSJ notes
that Dell has hi
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President Bush quietly signed the Housing Bill into law Wednesday morning. Like Secretary Paulson’s covered bond initiative, the legislation is likely to be, at best, a small step in the long road to recovery of the housing market. …
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