From ClusterStock.com, Dec. 30, 2008:House prices plunged again in October, with the rate of year-over-year decline accelerating to a new record high of 19%. The peak-to-trough decline in the Case Shiller 10-city index is now 25%; the 20-city index is dow
It was the best of times, it was the worst of times… Well, mostly the worst of times, as this collection of Tech Ticker highlights from the past year reveals. From Nouriel “Dr. Doom” Roubini’s grim views on a potential housi
From ClusterStock.com, Dec. 30, 2008: The Bush Administration seems determined to extend the US auto industry’s life until January 21st come hell or high water. The latest sign of this desperation? The Treasury just bailed out GMAC with $5 billion of taxp
Kuwait’s decision to walk away from a $17.4 billion joint venture with Dow Chemical could hurt the prospects for the company’s $15.3 billion takeover of Rohm & Haas. But there could be other losers, too.
According to Thomson Reuters, Citigroup and Merrill Lynch advised Dow on the Kuwaiti deal and could lose some fees now that it has been scuttled. Those banks, as well as Morgan Stanley, advised the chemical company on the Rohm and Haas deal, and could drop some more fees if that deal is renegotiated or terminated.
The three firms also lead the group of 19 banks behind the $13 billion term loan that Dow took out to finance the takeover. Leading the loan are Citi, Merrill and Morgan Stanley, which have each committed $1.35 billion.
Others who could take a hit include Goldman Sachs, who advised Rohm and Haas, and Lazard, who advised the Haas family trust, in the Dow deal.
All is very quiet today in the Valley as public companies everywhere go into hibernation mode for the week between Christmas and New Year’s Day. It’s like one big MacBook Pro — shut down, with the pulsing power light the only sign of tepid lif
AllThingsD blogger Kara Swisher calls herself the “schoolmarm of the Internet.” Here’s how she grades the most powerful people in Silicon Valley:Most underrated execs? They include Mark Hurd of HP, Bobby Kotick of Activision Blizzard, an
Fast Money‘s Jeff Macke and Guy Adami aren’t the shy, retiring types, so we thought it’d be fun to get their unfiltered commentary on some of the year’s biggest themes, events and people.As you’ll see in the accompanying video, neither