Unstructured Finance

M & A wrap: Finding more perks to Google’s latest buy

August 31, 2011

Google’s blockbuster acquisition of Motorola Mobility will bring an unusual stable of tax and accounting benefits to the search-engine giant, already one of Corporate America’s most savvy users of such perks.

M & A wrap: Lehman plan offers 20 cents on the dollar

August 30, 2011

Lehman Brothers Holdings Inc. will ask a bankruptcy judge to let creditors vote on its $65 billion payout plan, a key step toward ending the biggest bankruptcy in U.S. history.

Risk Management: Did fund managers learn their lesson?

August 30, 2011

By Detlef Glow, Head of EMEA Research at Lipper. The views expressed are his own.

M & A wrap: Backing away from CCB stake

August 29, 2011

Bank of America Corp is selling about half its stake of China Construction Bank to a group of investors for $8.3 billion in cash, the bank said.

M&A wrap: Buffett trades off his reputation

August 26, 2011

Warren Buffett showed again that his name and money is enough to give a struggling company instant credibility in the market. But the legendary investor also demonstrated his canny command of that reputation means that deals such as the $5 billion investment in Bank of America can immediately generate profits.

M & A wrap: A Buffett bailout for BofA

August 25, 2011

Warren Buffett’s Berkshire Hathaway will invest $5 billion in Bank of America, stepping in to shore up the company in the same way he helped prop up Goldman Sachs during the financial crisis.

M & A wrap: Lifting the Vale

August 24, 2011

Brazil’s Vale said on Wednesday it has created a new logistics company for cargo transport, but it denied media reports it is planning to sell stock in the unit in a spin-off. Logistics services generated $1.5 billion in revenue in 2010, an increase of 33 percent from the year before.

M & A wrap: S&P chief downgraded

August 23, 2011

The chief of Standard & Poor’s will step down next month, to be replaced by a senior Citibank executive, in a move announced a few weeks after the credit rating agency downgraded U.S. government debt and sparked a row with Washington.

M & A wrap: HP confusion

August 22, 2011

While some investors applaud HP CEO Leo Apotheker’s long-term plan to get out of the PC business,  the $11.7 billion bill for Autonomy and haphazard articulation of the spin-off strategy left many shaking their heads. Even more worrying, HP’s new strategic road map marks an about-face on several crucial fronts, signaling a lack of direction, writes Poornima Gupta.

M & A wrap: What’s up with HP?

August 19, 2011

Shares of Hewlett-Packard slid on Friday, a day after the world’s biggest PC maker said it may spin off the business, signaling a massive overhaul in the wake of bleak tech spending across the board.