The Deal
Thursday, November 26, 
1:50 am

— Jan. 26, 2009 —

Cover story

Black and white and red all over

The newspaper industry was struggling before the economic slump. Now papers desperately try a variety of strategies, some to survive, others to prepare for a future that's still unknowable.

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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.


Regulatory

Of politics and pay

How to fix executive compensation rules without breaking the companies.


Industry Insight

Before the honeymoon ends

Thinking differently about conflict resolution.


Judgment Call

The price of R&D

FAS 141(R): A new source of shareholder litigation against innovation-driven companies?



Table of contents

Analysis

The beginning: 1999

In which we launch a daily newspaper to cover dealmaking and discover why no one does this anymore.


Analysis

Fear of commitment

There is demand, there are deals, and there is even money, particularly among strategics. What's lacking in cross-border M&A is animal spirits. It'll take time.


Analysis

Satyam's search for truth

The Indian outsourcer finds itself with cooked books and new government bosses. Now what?


Analysis

Out of rhythm

Boston Scientific snatched cardiac implant maker Guidant away from healthcare giant Johnson & Johnson three years ago and hasn't breathed easily since.


Analysis

A chastened India

India's reputation as the newest bulked-up player in global cross-border M&A has taken a drubbing.


Industry Insight

M&A 2.0

The reports of dealmaking's demise are grossly exaggerated.


Analysis

Promise, meet reality

As Obama takes the reins, the economic outlook remains as dire as ever.


Media Maneuvers

Gone but not forgotten

John Thain and Vikram Pandit get scolded for being away from the office in a crisis. What, they lost their BlackBerries?


Follow the Money

Signs of life?

Investors scoop up a handful of corporate bond offerings but remain very wary about loans.


Safe Harbor

Winter's chill

Law firms struggle to cope with deal markets that have gone deathly quiet. The comparison: Silicon Valley after the dot-com bust.


Private Equity

Belly up to the bar

The number of private equity portfolio companies that have crashed and sometimes burned keeps mounting.


Analysis

About-face

The German government changes course and takes direct bank stakes. More capital injections are likely.


Analysis

From defense to offense

A few strategics are taking advantage of depressed prices to make acquisitions.


Industry Insight

Board to distraction

The Sarbanes-Oxley Act of 2002 has made an unintended contribution to the current economic crisis.


View from the City

Cold comfort

The government may throw a tantrum or two, but taxpayers and bank shareholders must foot unlimited bills.


Backstory

Darwin on the playground

Under the pressure of the credit crunch, all the cozy accommodations of media financiers begin to crumble.


Analysis

The Times grabs a lifeline

The deal with Carlos Slim gives management time to focus on deeper industry problems.


Dealsense

Opening drive

Obama tackles an intractable foe -- the college football bowl system.


Safe Harbor

Don't bank on it

The Blackstone-Alliance dust up shows just how hard it is for private equity firms to buy into financial services, and the M&A bar gets ready for Tulane.


Venture Well

Happy returns

2008's top venture exit as proof of concept, and a VC presides at the FCC.


Rules of the Road

Two-track minds

With the Whole Foods challenge, the FTC has aroused the anger of opponents of in-house trials.


Judgment Call

Promises, promises

Most social protections in mergers are not legally enforceable.


Deal Diary

Deal lawyers score a TD on Thinkorswim

Wilson Sonsini's Mike Ringler and Martin Korman advised TD Ameritrade in its Thinkorswim deal.


Deal Diary

Abbott leads the biotech wave

Skadden's Brian McCarthy led a team advising AMO in its sale to Abbott Labs.


Movers and Shakers

Where dealmaking is healthy

Veteran healthcare dealmakers are moving to smaller firms, including Samantha Miller, who joined Jennerex Biotherapeutics.


Movers and Shakers

Nate's fate

Recently elected the organizer of NY Tech Meetup, Nate Westheimer hopes to bring more cohesion to the diffused New York technology industry.


Movers and Shakers

Digital media: Get used to it

Bob Ennis, a News Corp. and IAC/InterActiveCorp vet, has joined Petsky Prunier Securities.


Movers and Shakers

China and India bound

Despite slowing economic growth, UMd's Gupta says opportunities to invest in India and China abound.


Deal Diary

Davis Polk works point on Citi spinoff

Davis Polk attorneys have weighed in on Citi's restructuring.


Arbitrage

Risk Arbitrage: Jan. 26, 2009

Even deals with committed, fully negotiated and syndicated debt for mergers without financing conditions trade at wide risk premiums.


Editor's Note

Transactions: Jan. 26, 2009

A new president is inaugurated and history is made. But as long as we conflate the markets and politics, what can Obama say that has any long-term staying power?


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