Government Set to Takeover HBOS as Lloyds TSB Merger Flounders

THE government is set to make an announcement before the markets open this morning of a £49bn rescue package, which will in effect mean that the government becomes the majority shareholder in the HBOS group,...

Finally, BCE's buyout is a real deal

Given BCE's stagnant performance over the past few years this isn't surprising but you have to wonder what difference it's really going to make. This is a pretty big ship to turn around. " This week, we've seen two major buyout deals come undone: the $6.1 transaction for...

Blue-collar GM staffers take buyout en masse

The auto industry has been hit hard with the rising fuel prices and the effects echo through the ranks. More than one quarter of GM's auto workers have decided to take their buyout offers - some ranging up to...

JPMorgan to buy Bear Stearns for 236 million

It is shocking to see the nation's fifth-largest investment bank get picked up for just over 200 million.  The piddling price tag for an organization of this size shows how bad it is out there." ...

G.M. Offers Buyouts to 74,000 Workers

The US economy is struggling and so too are its primary players. Auto giant General Motors has announced recored fourth quarter losses and is now looking to buyout "its entire unionized work force". Is this a...

Dow Jones continues to break records

US stock markets are on a tear - and it's not clear why. US debt is the highest in history, the war in Iraq is floundering and eating up resources, and the public seems to be losing confidence in the presidency...

Carlyle Group in Talks to Acquire Virgin Media

Bush and Co. now want to take over entertainment media.  Surprised?  Don't be, the Carlyle Group are the world's largest war profiteers and it only makes sense that they would want to control popular...

Another ordinary day of newspapering fatalities

When the web first started devastating the newspaper publishing industry, many thought it would be just a matter of a shake-out shaking out the weak players."Two Triad newspapers, The Mount Airy News and The...

Ford misses some buyout goals

"Some Ford Motor Co. salaried employees will be getting pink slips after the company failed to meet its voluntary buyout targets in some departments, two people familiar with the situation said Tuesday. Each Ford department in the United States was given a headcount reduction...

Ford's salaried ponder buyouts

Ford Motor Company continues to struggle in it's restructuring efforts as it implements it's latest buyout offer."Another week at Ford Motor Co., another massive buyout offer. At noon Monday, the restaurants,...

Houghton-Mifflin accepts $1.8B buyout (AP)

" BOSTON - Houghton-Mifflin Co., one of the nation's largest textbook publishers and home to early American authors such as Ralph Waldo Emerson, has agreed to a nearly $1.8 billion buyout offer from a group led by educational publishing executive Barry O'Callaghan. Under the...

Clear Channel agrees to $18.7B buyout (AP)

" SAN ANTONIO - Clear Channel Communications Inc., the nation's biggest radio station owner, said Thursday it has agreed to be acquired for about $18.7 billion by an investment group. The transaction would be one of the biggest deals in which a company has been taken...

Whistler Sold

"Vancouver-based Intrawest has been sold to a group of American investors for $2.8 billion. While this may seem like business ass usual, I find it part of a larger trend towards the wholesale buyout of Canadian...

Aramark agrees to $6.3 billion buyout (AP)

" 37 minutes ago PHILADELPHIA - Aramark Corp. agreed to a $6.3 billion buyout by a group of investors including Joseph Neubauer, the chairman and CEO of the food services provider. The buyers will also assume $2 billion in debt. Aramark said Tuesday that shareholders will get...

Asia wakes-up to Mittal's success story

"Asian stock markets, including the second best performing Bombay Stock Exchange, on Monday saw metal stocks coming to centre-stage aided by the industry's biggest buyout deal between Arcelor and Mittal Steel."

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