The Deal
Saturday, November 21, 
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Entries tagged "Warren Buffet"

The eggheads did it

DealBook offers a compelling suggestion of what caused last year's financial crisis: smart guys working on Wall Street. Of course there's very little actual truth to this hypothesis.


Financial crisis: Dealmaking winners & losers

In the nearly two years since the recession began dealmakers have gotten one opportunity after another for transformational M&A deals. The Deal picks the Winners and the Losers.


Goldman looks at paying back Uncle Sam early

The company says it wants to pay back the government because of capital structure and compensation restrictions, both of which the bank would like to get out from under.


As Goldman's trouble mounts, rumors swirl

Rumors continue to swirl that things are getting pretty ugly for Goldman Sachs Group Inc. ahead of the former investment bank's fourth-quarter earnings announcement. Now, some analysts are forecasting a fourth-quarter loss that could top $600 million and the laying off of thousands. Goldman's shares are sinking fast (they hit a five-year low Monday), and now speculation that the bank will raise more capital are popping up as well, according to a post on FT Alphaville. ...


Buffett, Ross said to come to rescue of FSA

Franco-Belgian Dexia SA, a lender to local governments, reiterated Tuesday that it is seeking to reduce the risks associated with its troubled New York bond insurance unit after a Belgian newspaper reported that entities backed by Warren Buffett and distressed debt investor Wilbur Ross were close to buying at least part of it....


Obama huddles with his economic brain trust, but no treasury pick yet

President-elect Barack Obama will meet with his economic advisory group Friday and then plans to hold his first press conference since winning the election on Nov. 4. The meeting will take place in Chicago, followed by a 2:30 p.m. EST press conference. However the president-elect is not expected to announce his hotly anticipated pick for treasury secretary just yet, campaign aides said....


Buffett to invest $3B in GE

The Oracle of Omaha continued his spending spree Wednesday, taking another $3 billion out of Berkshire Hathaway Inc.'s coffers to invest in General Electric Co. ...


Buffett beats Sumitomo Mitsui to the punch on Goldman investment

Warren Buffett's move to swoop in with a $5 billion capital injection into Goldman Sachs Group Inc. may have derailed a plan by Sumitomo Mitsui Financial Group to make a similarly sized investment in the Wall Street titan....


Goldman Sachs to double public offering to $5B

Spurred on by the positive reaction to a $5 billion investment from Warren Buffett's Berkshire Hathaway Inc., newly minted commercial bank Goldman Sachs Group Inc. is doubling the amount it plans to raise from a stock offering from $2.5 billion to $5 billion. ...


Buffett's sweet tooth shows in portfolio

The Oracle of Omaha, Warren Buffett, spent the past quarter fine-turning his investments. According to filings, the owner of Berkshire Hathaway Inc. boosted his firm's stakes in Kraft Foods Inc. and Wells Fargo & Co., eliminated its stake in Ameriprise Financial Inc. and has cut its stake in Iron Mountain Inc., from 4.7 million shares to 3.4 million. Of those moves, perhaps the most interesting was Buffet's increased stake in Kraft to 132 million shares. ...


Buffett may open wallet for $60B in deals

Billionaire Warren Buffett is willing to spend as much as $60 billion on deals that would fuel more growth at his conglomerate Berkshire Hathaway Inc., according to Bloomberg TV. ...



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Inside The Deal: Avaya Inc.'s Mohamad Ali on the company's next target.


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Industry Insight

Managing your shareholder base

Growth companies and their PE sponsors should be wary of the pitfalls that arise when they layer on tiers of preferred stock.


Industry Insight

Easing the stress of distressed M&A

Corporate buyers face numerous complexities when trying to identify the right moment to purchase a distressed asset.


Editor's Note

Editor's letter: Nov. 16, 2009

Beneath the veneer of Wall Streeters beats the same heart, stirred by the same determinants of behavior.



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