In this video interview with The Deal magazine, Jeffrey Kaplan, the former head of M&A at Bank of America Merrill Lynch who will soon be the COO of Appaloosa Management LP, reflects on the changes in private equity and M&A over the last 20 years, including globalization. Just as Europe has emerged as a major force of M&A over the last 10 years, emerging markets, such as the BRIC countries, will be the big acquirers and consolidators over the next 10 years, predicts Kaplan. - Vipal Monga
Investment bank Berkery, Noyes & Co. hired Vineet Asthana (an avid squash player) as a managing director in the telecom, media and technology group. For other updates launch today's Movers & shakers slideshow.
If Warren Buffett is right that investors should be fearful when others are greedy and greedy when others are fearful, it's time to be greedy-at least with oil and gas stocks. And two big oilfield services mergers are creating perhaps the best bets. More video