The Deal
Wednesday, November 25, 
11:23 pm

— Sept. 21, 2009 —

Cover story

The state of Calabasas

The San Fernando city was once home to Countrywide and other subprime purveyors. But while the recession hit hard, there's a diversity of tech and middle-market companies to soften the blow. And a few Hollywood types, too.

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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

Bankruptcy

In the thick of things

FocalPoint Partners carves out an investment banking niche. Originally focused on M&A and capital raisings, with the great recession, it now has turned to distressed and restructuring work.


Participate in our second annual survey and help us identify the leaders in three sectors.


Bankruptcy

Cheap trick

Creditors are increasingly eager to engage in credit bids — using debt owed to them to either buy companies out of bankruptcy or preserve their value. It's not for the fainthearted.


Deal Life

Wet 'n' wild

The right technology can transform your pedestrian bathroom into a 21st century, full-sensory immersion experience — if you're willing to pay for it. Mr. Bubble never had it so good.


Movers and Shakers

Here comes the judge

Federal jurist Jed Rakoff throws out the SEC's settlement with Bank of America, earning kudos and criticism. The parties had hoped the settlement would spare them costly litigation over the bonus disclosures and perhaps the obligation to reveal uncomfortable details of how the Merrill Lynch acquisition came together.


Movers and Shakers

John Mack, survivor

Major Wall Street figure for three decades was a bridge between the old and the new.


Movers and Shakers

Bragging rights

Ben Horowitz talks about Andreessen Horowitz's investments in Skype and Apptio.


Regulatory

Change we can dither on

Behind closed doors and drowned out by the din of the healthcare debate, Wall Street wages a quiet war to forestall tougher regulations for the nuanced and largely unregulated derivatives market.


Media Maneuvers

A failure to communicate

After months of testimony and argument, the hearing over the Charter bankruptcy recommences. Ahead: a settlement or perhaps a precedent.


Deals

Deja vu all over again

Vivendi's latest dealmaking foray makes sense, but once-burned investors will wait and see. To some, the company's bid for Brazil's GVT Holding has many of the hallmarks of a classic Vivendi misadventure.


View from the City

Traffic jam

British officials are grumbling about Berlin's attempts to saddle it with some of the costs of the Opel deal. But they won't stop the sale.


Deals

Wired for growth

The search for new sources of revenue takes Atheros, a scrappy survivor of the WiFi chip shakeout, in a risky new direction.


Capital Calls

Waiting for Talecris

Private equity firms have proceeded with caution as they approach the awakening IPO markets. But with Talecris, Cerberus and Ampersand seem ready to test the limits of investor appetites.


Follow the Money

Catalyst?

The leveraged loan market gets a little hope with a financing for Warner Chilcott.


Arbitrage

Risk arbitrage: Sept. 21, 2009

IBasis majority shareholder Royal KPN seeks to buy in the rest of the company. Meanwhile, a Landry's shareholder suit fails to deter CEO Fertitta from making a second run at the company.


Editor's Note

Editor's letter: Sept. 21, 2009

Afew weeks back, Thomas Friedman gave a thumbs-up to leaders of China and a Bronx cheer to America's democratic representatives, which he tut-tutted as a...


Media Maneuvers

Doom, the rerun

The media engages in an orgy of Lehman Brothers retrospectives, raising the question: Did we learn anything new?


Backstory

Research redux

A class action against bankrupt Charter Communications could reopen concerns about analyst-banking conflicts.


Rules of the Road

Cable unlimited

Writing with biting sarcasm, federal appeals judges last month struck down federal limits on how many subscribers one cable operator can serve. The FCC had capped the limit at 30%.


Private Equity

Private equity's new landscape

A more disciplined industry will make fewer mistakes, weaker players will disappear, and the barriers to entry may grow, likely allowing for more consistent returns for more demanding investors.


Industry Insight

Silicon separations

Deal noncompetes in California are easy to get wrong.


Bankruptcy

Scoreboard: Bankruptcy League Tables

BDO is tops among noninvestment banks for first time. See the full set of bankruptcy league tables including consultants, attorneys and bankers.


Judgment Call

Star-spangled startups

The U.S, must adapt to VC slowdown and encourage innovation. And it must realign its policies to do more to encourage innovation and maintain its leadership in global technology development.


Deal Diary

Candymaker Cadbury won't trust strangers

When Cadbury needed advisers to help fend off Kraft, it turned to people it knew.


Deal Diary

Press release omits Goldman

The announcement of Pacific Century's agreement to buy AIG's asset management unit left out Goldman.


Deal Diary

Elan gets a haircut

Johnson & Johnson takes advantage after a court ruling leaves Elan vulnerable.


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