| To view the latest DealBook headlines on your mobile device, go to: http://mobile.nytimes.com/blogs/dealbook |
| |
TODAY'S TOP HEADLINES | Friday, March 7, 2008M & A: I.B.M. Says It Won't 'Do a Yahoo'BANKING: Citi Said to Consider Changes at U.S. Consumer Unit PRIVATE EQUITY: More Margin-Call Woes at Carlyle Capital HEDGE FUNDS: Motorola and Icahn Gird for Second Round OFFERINGS: Ambac Raises $1.5 Billion VENTURE CAPITAL: Kleiner Perkins to Aid iPhone Developers LEGAL: Aversion to Risk Deepens Credit Woes TOP STORY
![]() Documents uncovered by the committee's investigation included internal e-mail messages discussing pay practices. One document showed Countrywide seeking out a second opinion after a compensation consultant hired by its board said Mr. Mozilo's compensation was inflated. In an e-mail cited by investigators, Mr. Mozilo complained to a consultant about the pressure on boards from "the left-wing antibusiness press and the envious leaders of unions and other so-called 'C.E.O. Comp Watchers.'" Go to Article from The New York Times» Go to Memos from the House Oversight Committee» Go to Article from The Associated Press» Go to Article from Salon» ADVERTISEMENT MERGERS & ACQUISITIONS![]() Go to Article from Reuters via The New York Times» ![]() Go to Article from The New York Post» Go to Previous Item from DealBook» ![]() Go to Article from The Kansas City Star» ![]() Go to Article from VanityFair.com» A pair of deals by Brazilian meat company JBS to acquire U.S. beef production assets is likely to direct political heat at the Department of Justice, according to The Deal.com. Go to Article from The Deal.com» Atari said on Thursday that majority shareholder Infogrames Entertainment has said it wants to buy the rest of the company for for $1.68 per share. Go to Article from MCV» Go to Article from Reuters» Microsoft's recently acquisition of FAST Search & Transfer is one of the latest and largest deals in the enterprise search space. The 451 Group thinks there could be more, and it names names. Go to Report from The 451 Group» Robeco Investment Management has agreed to sell its U.S. municipal fixed-income business to Lehman Brothers, as the asset manager nears the completion of plans to exit from its U.S. fixed income market. Go to Article from Financial News» Macquarie Bank's Funds Management Group has agreed to purchase a majority stake in boutique fixed-income adviser Allegiance Investment Management as the Australian bank expands its presence in the United States. Go to Article from Financial News» China Petrochemical, or Sinopec Group, agreed to buy 60 percent of AED Oil's Puffin and Talbot oil ventures in the Timor Sea for 600 million Australian dollars ($559 million) in cash, gaining production in Australia. Go to Article from Bloomberg News» Kirtland Capital Partners agreed to sell Essex Crane Rental, one of the country's largest construction crane suppliers, for $210 million to a publicly traded blank-check company, Hyde Park Acquisition. Go to Article from The Deal.com» The Federal Trade Commission has given NYSE Euronext the go-ahead to acquire the American Stock Exchange, the companies said Thursday. Go to Article from The Associated Press via BusinessWeek» INVESTMENT BANKING![]() Go to Article from The Financial Times» Go to Related Item from DealBook» ![]() Go to Item from DealBook» ![]() Go to Item from DealBook» PRIVATE EQUITYCarlyle Capital, the investment fund affiliated with private equity firm the Carlyle Group, said on Friday that it was exploring all its options after receiving another wave of margin calls from lenders.Go to Article from MarketWatch» Go to Article from Reuters via The New York Times» Go to Article from The Times of London» ![]() Go to Article from Investment Dealers' Digest» ![]() Go to Article from Legal Week via Law.com» Go to Article from The Times of London» Go to Article from The Telegraph» HEDGE FUNDS![]() Go to Article from The Chicago Tribune» ![]() Go to Article from CBS News» Go to Article from CNN Money» Louis Friedman, Bear Stearns' vice chairman of investment banking and global head of mergers and acquisitions, will join hedge-fund firm P. Schoenfeld Asset Management this spring. Go to Item from DealBook» Go to Press Release from P. Schoenfeld via PRNewswire» ![]() Go to Article from Bloomberg News» Endo Pharmaceuticals on Wednesday dismissed calls by its largest shareholder, hedge fund D.E. Shaw, to hold off searching for a new chief executive until it had explored strategic alternatives, including a possible sale. Go to Article from The Philadelphia Inquirer» Go to Previous Article from Reuters» I.P.O. / OFFERINGBond insurer Ambac Financial Group said on Friday it sold $1.5 billion of shares and convertibles, protecting the company from ratings cuts but not satisfying some analysts who wanted the company to raise more.Go to Article from Reuters via The New York Times» ![]() Go to Article from Legal Times via Law.com» China Railway Construction, builder of more than half the nation's rail links since 1949, raised the maximum 18.3 billion Hong Kong dollars ($2.35 billion) sought in a Hong Kong initial stock sale, Bloomberg News reported. Go to Article from Bloomberg News» VENTURE CAPITAL![]() Go to Article from The New York Times» Go to Article from Teh San Jose Mercury News» LEGAL![]() Go to Article from The New York Times» The story of Syms's delisting provides some evidence for those who see value in the obligations and protections imposed by federal securities laws and the Sarbanes-Oxley Act in particular, according to The Deal Professor. Go to Item from The Deal Professor» Sallie Mae is flunking on Wall Street. Shares of the company, the nation's largest source of student loans, have lost more than half their value since December. Go to Article from The New York Times» ![]() Go to Article from The New York Times» | Visa and 'Equanomics'The Rev. Jesse Jackson says minority-owned underwriters should get a bigger piece of Visa's record-setting offering. (44 comments) More» The Refrain That Follows BronfmanAs Warner Music's stock has tumbled, a classic redemption story has taken a regrettable twist. More» What Price Scrabulous?Negotiations over the popular Facebook application may have become a numbers game. (87 comments) More» The Deal ProfessorA blog-within-a-blog that looks at mergers, private equity and corporate governance through a legal lens, written by Steven M. Davidoff, a professor at Wayne State University Law School and a former lawyer at Shearman & Sterling. More» Live From Super Return 2008Some of the biggest names in private equity gathered in Munich to share strategies for weathering the industry's recent downturn. More» DealBook Talks YahooDealBook's Andrew Ross Sorkin discussed Microsoft's offer for the Internet giant on "Charlie Rose." Watch here. More» Microsoft's |
| |

















































































































































































































































