Old China hands have maintained for years that the country’s economy would stay strong through the Olympics. Well, now the Olympics are almost done, the stock market has crashed, and inflation is out of control. So is this the end?My guest Philip Pan, for
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Many China-watchers assume the country’s adoption of free-market capitalism will inevitably lead to political and social change. But that’s wishful thinking, says my guest Philip Pan, the Washington Post’s former Beijing bureau chief.In his new book
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MID-DAY DEAL ROUND-UP
Genentech’s response to Roche Holdings’ $89 per share offer for the 44 percent of Genentech it doesn’t already own seems more designed to spur more discussions than shoo the bidder away, says the New York Times’ DealBook.
H.J. Heinz Co’s chief executive said on Wednesday that Campbell Soup Co would make a “nice fit” […]
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Biotechnology company Genentech Inc on Wednesday followed ImClone Systems Inc’s playbook by rejecting a takeover bid by its largest shareholder.
Genentech rejected an offer by Roche Holding AG to acquire the shares of the Genentech it did not already own, saying the the $89 per share offer undervalued the company. Roche said it believed its offer […]
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From Silicon Alley Insider, August 13, 2008:It seems like months since Yahoo ended its fight with Carl Icahn by agreeing to add a couple of his antagonists to the board. It has been months since Yahoo could have ended shareholder misery
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CVS Caremark Corp is bolstering its position on the West Coast with its acquisition of rival Longs Drugs Stores Corp. The deal, announced on Tuesday, is worth $2.54 billion and will allow CVS to expand in states like California and broaden the reach of its prescription services. The acquisition of Longs’ 521 stores will also […]
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Many forecasters say just wait until early 2009 and home prices finally will start to pick up.Not so fast says my guest Barry Ritholtz, CEO of Fusion IQ and financial blogger for The Big Picture.Home prices rocketed well above trend in the past five years
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This has been an insane year for investors, and it’s barely half over. Our guest Barry Ritholtz, CEO of Fusion IQ, shares a few of the lessons he’s learned from painful experience:Ignore market rumorsP/E matters less than you thinkIgnore deteriorating fun
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