Bailouts and shotgun weddings might be the order of the day for financial institutions, but among tech companies, hostile deals continue to win the popularity stakes. The fact that this year’s biggest hostile tech deals have failed to produce mergers — think Microsoft-Yahoo, Electronic Arts-Take Two, Cadence-Mentor – has done little to curb appetites for unsolicitied deals, which […]
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Campbell Soup Co. was the only stock in the S&P 500 that escaped yesterday’s historic sell-off. That’s right: 499 fell, and just one rose. Could there be a clearer metaphor for Americans refocusing on the basics after a decade of greed and
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Ask any business reporter covering the financial crisis what they were doing this weekend — the answer is probably not “mowing the lawn” or “doing things that don’t involve work.”
The folks over at Fox Business Network is playing that to their advantage. A new ad, first reported by TVNewser (we think), points out […]
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The public has spoken about the bailout and the answer, at least for now, is “no way.” Amid great drama, the House voted down the plan, 228 to 205.Congress has been flooded by angry phone calls and emails from many constituents opposed to t
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MAC clauses have long been controversial in deals. But in a ruling out of Delaware last night on the hotly disputed Huntsman transaction, they took on a life of their own.
“… material adverse effect clauses are strange animals, sui generis among their contract clause brethren,” an opinion from Judge Lamb stated. “It is by no […]
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From ClusterStock, Oct. 1, 2008:Now that the government has been terrified into rubber-stamping the bailout, what happens now?
In our opinion, here’s the most likely scenario:
Hank Paulson & Co. survey the banking industry and decide who wi
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Everyone seems to agree the world needs better regulation to prevent a repeat of current turmoil.
But how exactly do you cap greed and stupidity, the driving forces behind today’s property boom-and-bust and past examples of “irrational exuberance” like the dot.com bubble?
Craig Barrett, chairman of chipmaker Intel, was not optimistic when he dropped into Reuters offices in London.
“I don’t […]
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Other than that, Mrs. Lincoln, did you enjoy the play?
Congress dropped a daisy cutter on the market yesterday, rejecting the $700 billion financial rescue plan and sending the stock market spiraling to its biggest one-day loss in history. But stock futures were up more than 2 percent in premarket trading.
Pundits overnight and market watchers today […]
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