The afternoon deal: Hard rock, hard time

Hot news items today include the Teva deal, MGM Mirage’s move out of Atlantic City and a possible Siemens spin off. But the limelight shines elsewhere, on a hard rocking Buffet and inmate number No. 61727-054.
Warren Buffett Rocks Out (NYT)
“The Oracle of Omaha made a guest appearance in a music video produced by employees of […]

Spitzer: S.E.C. still asleep at the switch

Former New York Governor Eliot Spitzer at a September 2009 conference

Seems like old times. 

Eliot Spitzer, who rose to national prominence in 2002 when he forced a sleepy S.E.C. to crack down on conflicted analyst research,  is none too pleased to hear that his old rivals recently joined 12 Wall Street banks in seeking to knock big holes in that […]

Spitzer: S.E.C. still asleep at the switch

Former New York Governor Eliot Spitzer at a September 2009 conference

Seems like old times. 

Eliot Spitzer, who rose to national prominence in 2002 when he forced a sleepy S.E.C. to crack down on conflicted analyst research,  is none too pleased to hear that his old rivals recently joined 12 Wall Street banks in seeking to knock big holes in that […]

DealZone Daily

Ratiopharm’s owner called a news conference for 1300 GMT to address the sale of the German generic drugs maker, after a three-way race that could trigger the richest takeover of a copycat drugmaker in nearly two years. One source close to the deal says a buyer has been picked, but declined to give any more […]

The afternoon deal: Signs of spring

The global market for initial public offerings is showing new signs of life after a spate of downsizings and postponements. Issue prices are not always what companies originally hoped for, however, and investors are being selective.
Following are some recent Reuters stories from the different regions that track the activez IPO market.
Americas:
* GM CFO sees chance […]

How to get a job in business? Short Buffett

Raj Rajagopal will graduate from business school in May and he’s currently looking for a job. But don’t expect the Cornell University student to get a call anytime soon from Warren Buffett.
That’s because Rajagopal recently put together a report in which he recommended selling shares of Buffett’s Berkshire Hathaway in part because “adoration is not an […]

Simon says … higher bid

Here’s the latest twist in the General Growth saga: Simon Property says it is weighing a higher bid for its smaller, bankrupt rival and could come up with something within a week.  That’s not surprising.
When General Growth investors Bill Ackman and Fairholme Capital Management stepped up with $3.3 billion of fresh capital to shore up […]

Third time’s the charm for Mukesh Ambani?

The ruthless efficiency and smooth execution that marked Reliance Industries’ development of the world’s largest refining complex in western India and its vast gas fields off the country’s east coast has eluded the top-listed Indian firm during its recent attempts at overseas takeovers.
Nevertheless, Mukesh Ambani, the world’s fourth-wealthiest man and the chairman of Reliance, is […]

Next Page »