Investment banks helping Cerberus Capital Management LP finance its buyout of Chrysler, the U.S. arm of automaker DaimlerChrysler, will launch a road show in the next week to raise funds for the deal, according to a report in the Wall Street Journal, citing a source familiar with the matter.
A $12 billion debt sale announced by Home Depot on Tuesday would be the biggest test of demand for U.S. corporate bonds in four years but will likely find ample buyers, analysts said.
It was Wall Street's version of hide and seek this week as some of the world's largest investment banks remained tight-lipped on the likely fall in price of some complex securities that may soon infect global debt and equity markets.
One of Wall Street's oldest maxims will be put to the test next week: markets don't hit bottom on a Friday.
Bear Stearns Cos. Inc. (NYSE: BSC) on Friday said it would provide up to $3.2 billion in financing for a struggling hedge fund it manages, raising concern about other funds that invested in bonds linked to subprime mortgages.
Blackstone Group LP (NYSE: BX) units rose 13 percent in their first day of trading on Friday, as the first major U.S. private-equity firm went public and minted billions of dollars of new wealth for its founders.
Stocks tumbled on Friday, wrapping up their worst week since a global sell-off in February amid fears that trouble at two Bear Stearns hedge funds may signal worse problems lie ahead for credit markets.
U.S. Treasury debt prices rose on Friday, halting a two-day decline, as nervous investors dumped stocks and shifted into government bonds as fears of the subprime mortgage problems reverberated through financial markets.
Lear Corp., which has faced criticism for accepting billionaire Carl Icahn's $36-per-share buyout offer, delayed a shareholder vote on the deal until July 12, the auto parts maker said on Friday.
Goldman Sachs’ (NYSE: GS) real estate fund, Whitehall, has agreed to acquire hotel owner Equity Inns, Inc. (NYSE: ENN) in a deal worth $1.27 billion, not including debt, the companies announced Thursday.
Bear Stearns Cos., trying to prevent the collapse of two of its hedge funds, may take over about $3.2 billion of the funds' loans to prevent creditors from seizing more assets, Bloomberg reported on its Web site on Friday.
Jones Apparel Group Inc. is near a deal to sell the Barneys New York high-end clothing chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
Blackstone Group LP priced its initial public offering at the top end of the range on Thursday, even as lawmakers pushed for its delay, raising $4.13 billion in the largest U.S. IPO since 2002.
Blackstone Group LP's (NYSE: BX) initial public offering raised billions of dollars for its employees, but the private equity firm's shares might have performed even better if it weren't for the potential tax headaches, analysts said on Friday.
The London Stock Exchange's offer for Borsa Italiana is worth about 1.6 billion euros ($2.14 billion), sources close to the situation said on Friday, a shade above a reported rival bid from NYSE Euronext and giving Borsa heavy board representation.
Gold held steady on Friday after falling to a one-week low the previous day, while bullion contracts in Tokyo extended losses as cautious investors digested a plan by the Japanese exchange to boost liquidity.
Blackstone Group LP, the largest private equity firm to go public, said on Thursday it raised $4.13 billion in an initial public offering priced at the top of a forecast range in the biggest U.S. IPO in five years.
Stocks rebounded on Thursday after brokerage upgrades sent the semiconductor sector to a 13-month high and fresh data pointed to a growing economy.
Gold extended losses on Thursday to slip to its lowest in nearly a week as a firmer dollar and rising bond yields triggered more selling, traders said.
Private equity firm Blackstone Group's initial public offering was about seven times subscribed, boosted by demand from Asia, the Middle East and Europe, the Financial Times reported on Thursday.
Lifecycle funds have become hugely popular with investors due to their simplicity but as more funds are launched, picking the right one is increasingly becoming a complex task for retirement plans.
Morgan Stanley, a top Wall Street firm, has raised an $8 billion real estate fund through its property arm to focus on North America, Europe, the Middle East and Asia.