Entries tagged "DealZone"
While the masses screamed in outrage over a Citigroup Inc. affiliate buying a Spanish toll road operator for $10 billion, Clusterstock's Joe Weisenthal offers them some calm rationale on why the taxpayer is in fact not footing the bill. Another story that has prompted chatter is New York Magazine's feature about former Lehman Brothers Holdings Inc. chief Dick Fuld. On the subject of bailouts, the term is Merriam-Webster's word of the year, notes the Boston Herald. Talking about 2008 notables, with BHP Billiton Ltd. withdrawing its offer for rival Rio Tinto Group last month, the value of all withdrawn deals...
Portfolio's Felix Salmon suggests that Rep. Barney Frank, D.-Mass., is TARP's hero, not Treasury Secretary Hank Paulson. (Portfolio) On the subject of bailouts, The Deal Professor asks who owns American International Group Inc. after its bailout, and the answer is rather fuzzy. (DealBook) The bailout hasn't trickled down to Greenwich, Conn., which evidently is feeling the pain of the credit crisis. (Dealzone) Credit crisis? Not for Halliburton Co., which sports an "A" rating, and it may use it to go on a buying spree. (Corporate Dealmaker) With the masses angry over the bailout, comparisons between bankers and villains are...
With Goldman, Sachs & Co. laying off 10% of its work force, Heidi Moore declares its "Not Your Father's Goldman Sachs, Not Your Father's Wall Street." (Deal Journal) Talking about fathers, tech entrepreneur Jim Clark, who helped start Netscape, is engaged to marry a swimsuit model half his age. (peHUB) Meanwhile, Sen. Chuck Schumer, D-N.Y., offered some fatherly advice to bankers during congressional hearings: "I remain especially concerned that, in the Treasury's zeal to make the capital injection program easily digestible for the banks, we're feeding them a little too much dessert and not making them eat enough of their...
Ever wonder what a chastened Goldman, Sachs & Co. might look like? Bloomberg attempts to answer the question. (DealBook) On the topic of banking, Heidi Moore tries to discern which banks are on the prowl for deals, and which are likely targets. (Deal Journal) And why not go shopping? After all, it's clearly a buyers' market as evidenced by MidAmerican Energy Holdings Co.'s ability to hold steady on its offer to buy Constellation Energy Group Inc. (DealZone) Ahead of the deal's closing, Constellation has promoted its treasurer, Jack Thayer, to CFO. (Corporate Dealmaker) If you thought Apollo Management LP...
