The Lehman Brothers Back-To-School conference isn’t really about selling to kids, so maybe it wasn’t the worst thing to happen to UST, the tobacco company that owns Joe Camel, when CEO Murray Kessler (pictured left) lit out of the conference to try to close a deal with suitor Altria. The New York Times says the […]
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They say politics make strange bedfellows, but it’s really no surprise both John McCain and Barack Obama are protesting the pay packages due to the outgoing CEOs of Fannie Mae and Freddie Mac.”It would be unacceptable for executives of these institut
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Fundraising for private equity buyout funds is getting tougher.
Thomson Reuters data for the first half of the year showed 59 buyout funds raised $35 billion, down from 74 funds totaling $62 billion the first half of 2008.
The immediate future looks no easier. Blackstone’s first close on its fund — which Private Equity Intelligence says has […]
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Research In Motion shares were solid gainers Wednesday morning after the firm launched its first Blackberry flip phone. But fellow tech titans Apple and Google were struggling to recover from their recent declines.All three stocks, among other forme
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Nobody knows better than South Korea how elusive the floor can be when markets are crying fire-sale. Pushed to the wall during the Asia Crisis a decade ago, the country’s banks had their assets priced in the pennies-on-the-dollar range. Here now, with the shoe squarely on the other foot, is Korea Asset Management, a government […]
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From ClusterStock, Sept. 10, 2008:Lehman Brothers released its critical Q3 earnings and
strategic plan: a huge writedown and lots of options. The real news is
that, after seven months of crisis management, Lehman is still
evaluating half a dozen option
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Coke pulled off the single largest takeover in Chinese history overnight, offering to buy juice maker Huiyuan for three times what the company was worth. Braving a notoriously difficult foreign M&A environment, where the state dominates the corporate sector and pumps out reams of regulatory red tape and where nationalistic pride often triggers protests when […]
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This won’t be a revelation to private equity bankers — but August was officially quiet for deals.
The summer month typically marks a dearth of transactions as bankers head out to the beach, but last month was exceptionally slow.
The dollar value of deals involving private equity sank to the lowest for four years, $21.7 billion globally […]
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