Unstructured Finance

Deals wrap: The perils of Paulson

August 11, 2011

Hedge fund manager John Paulson became an overnight sensation in 2007, in part, by betting big and early on the collapse of the U.S. housing market. But he is now emerging as one of this year’s big losers in the $2 trillion hedge fund industry.

Deals wrap: Valuing Groupon

August 10, 2011

Groupon trimmed marketing costs in the second-quarter but its loss more than doubled as it hired new employees, the Internet daily deals company said in an update filing for its IPO.

Deals wrap: Capital One beefs up credit card portfolio

August 9, 2011

HSBC is nearing a deal to sell its $30 billion-plus U.S. credit card business to Capital One, sources familiar with the situation said.

Deals wrap: Buffett makes a bid for Transatlantic Holdings

August 8, 2011

Shares in reinsurer Transatlantic Holdings rose more than 8 percent on Monday despite broad and deep market declines, after Warren Buffett’s Berkshire Hathaway made an unsolicited offer over the weekend to buy the company. The NYT looks at the chances of the deal getting done.

Deals wrap: Splitting Kraft

August 4, 2011

Kraft said it would split itself into two listed companies, a global snacks business and a North American grocery business, and raised its full-year outlook on better-than-expected quarterly results.

Deals wrap: China’s shortcut to Wall Street

August 3, 2011

A examination of a cross-section of 122 Chinese reverse mergers on U.S. markets found that between each stock’s peak trading price and July 10, 2011, those companies saw a total of $18 billion of their market capitalization vanish. Reuters is exploring the extent and impact of corporate secrecy in the United States in a series of articles.

Deals wrap: Express Scripts’ CEO steps into the spotlight

July 22, 2011

For a self-described nerdy accountant who shuns attention, Express Scripts chief George Paz just thrust himself into the limelight, reports Lewis Krauskopf. The company’s planned buy of Medco Health Solutions  met with swift opposition from consumer advocates and drug stores, signaling the beginning of what could be an ugly fight for antitrust approval.

Deals wrap: Express Scripts to buy Medco

July 21, 2011

Express Scripts will buy rival Medco Health Solutions for $29.1 billion in cash and stock to create a powerhouse in managing prescription drug benefits in the United States, the companies said on Thursday. The WSJ live blogged the companies’ conference call on the merger.

Deals wrap: News Corp in play?

July 19, 2011

Reuters’ blogger Felix Salmon asks the question: “Could News Corp end up in play?

Deals wrap: VW/Suzuki alliance shows strain

July 18, 2011

Volkswagen sought to allay Suzuki Motor’s concerns it might overstep its bounds in a multi-billion-dollar alliance and try to bring the Japanese carmaker under its control.