Buyout firms get a bad rap and there isn’t enough perception of the good that the private equity industry does, said Blackstone Chief Operating Officer Tony James on Tuesday.
“We had the dubious distinction of being like a public punching bag for a year — by politicians, by press, by just about everyone,” James said at […]
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Yet another shoe is dropping in our economic downturn: A commercial real estate meltdown. It started with Lehman’s earnings warning, and Paul Kedrosky expects it to continue getting worse through the rest of this year, and not rebounding until 2009. (This
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With the clock ticking down on its Lipitor patent, Pfizer is under pressure for the next big thing. With that in mind, talk that German drugs and chemicals group Bayer could be in its sights is not hard to swallow. Shares of Bayer, a $57 billion company, rose nearly 4 percent on the talk. It […]
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Editor’s Note: Due to technical problems, this segment from yesterday wasn’t widely viewed, so we’re re-posting it. Enjoy.There are no “safe havens” in a bear market, as owners of emerging market stocks and debt have discovere
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After months of trying to sell its rail leasing business, CIT pulled the plug on the auction, saying it no longer needed to do so.
CIT decided to keep its $4.5 billion rail franchise as a result of the progress it had made managing its balance sheet and strengthening its liquidity position, it said.
“We are very […]
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Editor’s Note: Due to technical problems, this segment from yesterday wasn’t widely viewed, so we’re re-posting it. Enjoy.Think business news is dull? Think government work is boring?Then check out today’s
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In a deal that will bring together the Marlboro cigarette and Skoal moist snuff brands, Altria Group Inc will buy UST Inc, the largest U.S. smokeless tobacco maker, for $10.4 billion, or $69.50 a share, to expand in a growing market. It will also assume about $1.3 billion in debt to acquire UST.
The Huntsman v […]
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Acting in front of movie cameras? No big deal for Ashton Kutcher. Launching a company in front of the Silicon Valley elite? That’s another matter. TechCrunch editor Michael Arrington has called Kutcher one of the new Hollywood “ambassadors”
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