The yo-yo that is Lehman Brothers’ stock took another spill before the market opened on Monday, after a top South Korean regulator threw cold water on the idea of a state bank buying the battle-scarred Wall Street warrior. Financial Services Commission Chairman Jun Kwang-woo told reporters Korea Development Bank (KDB) should be a “cheerleader” and […]
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Some hopeful housing numbers surfaced yesterday, among them the Case-Shiller Index showing that the rate of home-price declines slowed from May to June and that 9 of the 20 cities tracked by the index posted minor
month-to-month gains.That’s no reason to
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King Pharmaceuticals Inc’s $1.4 billion offer to buy Alpharma Inc follows a wave of unsolicited bids in the otherwise weak merger market.
So far this year, there have been 50 unsolicited bids, totalling $137.3 billion worldwide, up from 19 deals totaling $30.2 billion for the same period a year ago, according to Thomson Reuters data.
The amount […]
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Whether Hillary Clinton’s speech accomplished party unity grabbed the headlines from day two of the Democratic convention in Denver.But economic issues were also a major theme among the speakers, including Sen. Clinton, who talked about creating “a c
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Singapore’s Temasek made clear how bullish it is on Merrill Lynch in a Bloomberg TV interview, expressing great confidence in CEO John Thain. The news service reported that the Singapore wealth fund has U.S. clearance to raise its stake in the brokerage to as much as 14 percent. That would be worth roughly $1.7 billion […]
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The federal government should ditch the hybrid structure of mortgage giants Fannie Mae and Freddie Mac and fully back them with taxpayer funds, said New Jersey governor Jon Corzine, former CEO of Goldman Sachs.
“I don’t think we can continue with the schizophrenic view that we have today, sort of part public company, part private company, […]
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PE Hub’s Dan Primack writes:
Mitt Romney is probably just days away from being named John McCain’s running mate, and the Democrats are already taking shots based on his time running Bain Capital. During a press conference earlier today in Denver, Obama campaign manager David Plouffe referred to the former buyout kingpin as a “job killing […]
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From Silicon Alley Insider, Aug. 26, 2008:Apple’s (AAPL) incredible Mac growth streak appears to be losing steam. Time for some updated laptops?
Recently, we’ve seen three data points estimating this quarter’s Mac
unit sales. Two of the three suggest th
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