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The federal government as an active stakeholder in private industry isn't so shocking anymore. Fed policy and intervention are, after all, helping reshape the financial services and auto industries. Still, it was surprising to learn of the role the previous Congress and administration played in undermining a joint venture between...
Posted on May 14, 2009 3:53 PM
ConocoPhillips' M&A hopes have gone down with oil prices. After reporting a fourth-quarter net loss of $31.8 billion (mainly reflecting goodwill impairment on some assets) the American oil major is playing it safe. "There is nothing in the $12.5 billion [2009 capital spending] program for acquisitions. We will live within...
Posted on January 29, 2009 3:17 PM
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