News on Buyouts

AP sources: Simon weighs new General Growth bid

2010-03-17T04:15:46Z

<div id="subtitle">AP sources: Simon Property weighs higher buyout offer for rival mall operator General Growth</div><div><p>Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth Properties Inc. as early as this week, two people fami...

Tribune bondholders sue over 2007 buyout

2010-03-05T13:15:40Z

<div id="subtitle">Tribune bondholders sues bank lenders who financed 2007 leveraged buyout</div><div><p>Bondholders in the Tribune Co.'s Chapter 11 bankruptcy case are suing the banks that financed the media company's 2007 leveraged buyout, claiming they knew that the resulting debt load would leave Tribune insolvent.</p><p>The lawsuit was filed in North Carolina (Reuters) - Former Merrill Lynch & Co President Greg Fleming is seeking $20 million from his previous employer more than a year after he left the firm, according to a Fox Busines...

Tribune gets more time to file reorganization plan

2010-02-22T08:38:35Z

<div id="subtitle">Del. bankruptcy judge grants Tribune request for more time to file reorganization plan</div><div><p>The Tribune Co. on Thursday won approval from a Delaware bankruptcy judge for more time to file a Chapter 11 reorganization plan.</p><p>J...

Banks may shed private equity assets in Obama plan

2010-02-22T16:37:45Z

<div><p>NEW YORK (Reuters) - U.S. President Barack Obama's plan to limit financial risk-taking could force banks, such as Goldman Sachs or JPMorgan, to shed parts of their private equity opera...

House Holds Hearing On Bank Of America Purchase Of Merrill Lynch

2009-12-11T11:34:05Z

WASHINGTON - DECEMBER 11: House Oversight and Government Reform Committee ranking member Rep. Darrell Issa (R-CA) (L) and Chairman Edolphus Towns (D-NY) listen to witnesses testify about th...

Judge gives Tribune more time for bankruptcy plan

2010-02-23T22:26:34Z

<div id="subtitle">Judge grants Tribune extension of time to file Chapter 11 reorganization plan</div><div><p>A Delaware bankruptcy judge on Tuesday granted the Tribune Co. more time to submit a Chapter 11 reorganization plan.</p><p>Judge Kevin Carey a...

Private equity firms mull future as asset managers

2010-02-24T03:49:08Z

<div><p>PARIS (Reuters) - Private equity firms will need to become more like asset managers, offering buyouts as just part of their portfolio, or else focus tightly on specific sectors in order to prosper, industry participants said.</p><p>The industry -- once booming, but hit hard by the credit crunch -- must also become better in adding value by turning businesses around ra...

Bank of America Merrill Lynch

2009-10-13T14:45:56Z

FILE - In this Sept. 15, 2008 file photo, then Merrill Lynch Chairman and CEO John Thain, left, and Bank of America Chairman and CEO Ken Lewis shake hands following a news conference in New York. Bank of America Corp., giving up a months-lo...

BofA CEO Lewis out by year's end, search on for successor

2010-02-25T00:23:38Z

<div><p>NEW YORK (Reuters) - Bank of America Corp &lt;BAC.N&gt; CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company's acquisition of Reuters) - Bank lending, which plummeted after the credit crunch, remains constrained and leveraged buyout deals are still difficult to arrange.</p><p>But bankers say some recent commitments, such as Warner Chilcott's &lt;WCRX.O&gt; $4.1 billion financin...

Meltdown When The Wheels Came Off

2009-09-05T12:00:39Z

GM readies deeper cuts as 6,000 workers leave

2010-02-26T01:07:39Z

<div><p>DETROIT (Reuters) - More than 6,000 General Motors Co workers took buyout offers in the company's first month after emerging from bankruptcy, and it plans to cut its hourly workforce by another 7,500 through the end of 2009.</p><p>GM, which...

Gauging casino buyoutsÕ role in misfortune

2010-02-26T11:07:57Z

<div id="subtitle">Taking companies private ballooned debt, led to layoffs, but the moves have defenders</div><div><p> Private equity firms acquired Harrahs Entertainment and Station Casinos in 2006, when capital was cheap and business was booming.</p><p>The...

Executive Pay

2009-06-11T08:42:19Z

From left, former Merrill Lynch Chief Executive Officer E. Stanley O'Neal, John Finnegan, Chair of Management Development and Compensation Committee for Merrill Lynch, and Angelo Mozilo, founder and former chief executive officer ...

Congress Full Disclosure

2009-06-10T16:23:08Z

FILE - In this June 10, 2009, file photo former Merrill Lynch Chief Executive Officer E. Stanley O'Neal, from left, John Finnegan, Chair of Management Development and Compensation Committee for Merrill Lynch, and Angelo Mozilo, f...

Bank of America's Lewis Removed as Chairman

2010-02-27T17:29:56Z

<div id="subtitle">Will remain as President and CEO; Walter Massey to succeed as chairman</div><div><p>Under heavy fire from critics for the bank's losses in the economic meltdown, former Bank of America chairman Kenneth Lewis will step...

Ford extends buyout offers to U.S. union workers

2010-02-27T06:52:40Z

<div><p>DETROIT (Reuters) - Ford Motor Co has extended the deadline for buyout offers to some 42,000 U.S. factory workers represented by the United Auto Workers uni...

HOW PRIVATE EQUITY COULD REVIVE THE ECONOMY

2010-02-27T10:44:24Z

<div><h1> HOW PRIVATE EQUITY COULD REVIVE THE ECONOMY </h1><p>Donald B. Marron, founder of the $3 billion private equity firm Lightyear Capital, has been eyeing financial wreckage for more than a year. In early 2008 Marron, the former chairman and chief executive of brokerage PaineWebber

Job losses at Merrill Lynch in London.

2009-03-13T11:31:54Z

Job losses at Merrill Lynch in London. A sign for counseling outside Merrill Lynch..Copyright: The Times

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