Stocks dipped early Tuesday amid a slew of corporate earnings and guidance largely slanted to the downside, most notably from Caterpillar, Texas Instruments, Lockheed Martin, Freeport-McMoRan and a slew of regional banks. …
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Posted on October 21st, 2008 by
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At a time when many dealmakers want to prove their ability to fund an acquisition, Swiss drugmaker Roche Holding AG is staying mum on how it would pay for its bid to buy the rest of Genentech.
“At this point we would not give any details or further information on how we arrange the financing and […]
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Those anxious about a potential GM-Chrysler merger are probably breathing a sigh of relief: The WSJ reports financing may not be available for the proposed deal.But “the biggest concern is if there’s not a merger,” says
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Warren Buffett has a reputation for being a step ahead of the game in his financial investments. This certainly seems to be the case in Berkshire Hathaway unit MidAmerican Energy’s proposed acquisition of Constellation Energy.
According to Constellation’s proxy statement, MidAmerican approached the liquidity-strapped power company on Sept. 16 with virtually the same deal the two […]
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Rep. Thaddeus McCotter (R-Mich.) was one of the most outspoken opponents of the bailout, when the bill was making its way through Congress — and in the immediate aftermath of its passage.Neither time nor changes to the bailout’s focus have changed Rep. M
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GM may want to help Cerberus get out of the dismal auto business, but there are real doubts about where it comes up with the cash to put a deal together. Markets worry about financing for Altria’s deal for UST and even InBev’s purchase of BUD. We hear a lot about the early thaw of […]
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The Dow jumped 413 points Monday as credit markets continued to thaw, reaffirming the idea for many that last Thursday marked an important “retest” or, at least, a tradable low.Beyond short-term technical considerations, the rally was also accom
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In a down economy do people still want to while away hours on Facebook throwing sheep? Keith Rabois, of Slide—the company that makes such seemingly frivolous applications—says yes, maybe even more so. The emphasis on utility-centric Web sites
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