April 2009
Chrysler LLC Lenders Plan Debt Offer
Chrysler LLC’s lenders are planning to make a counteroffer this week to the U.S. Treasury, which originally asked creditors owed about $6.9 billion to accept $1 billion to keep the auto maker from liquidating. Late Sunday night, the lenders recei...
Bristol-Myers eyes major acquisitions says James Cornelius!
With $9 billion in cash in hand, New York drug maker Bristol-Myers Squibb Co. is looking to do six or seven additional partnerships or acquisitions Chief Executive James Cornelius said. “There’s no urgency to put a ‘for sale’ si...
March 2009
American Axle & Manufacturing Holdings Inc's Future, what about others?
American Axle & Manufacturing Holdings Inc said in a regulatory filing today that it may violate the terms of its loan agreements as the future of its primary customers are still in question. General Motors Corp. and Chrysler LLC are American Axle...
January 2009
Layoffs hits U.S. economy: Spread to More Sectors of the Economy!
On Jan. 26, U.S. companies slashed nearly 60,000 jobs new layoffs were announced at companies as varied as telecom giant Sprint Nextel, construction equipment maker Caterpillar, semiconductor manufacturer Texas Instruments, and pharmaceutical house Pfi...
September 2008
Executive acquisition: Merrill Lynch has snapped up a team of Lehman bankers.
A week after Japan’s leading independent investment bank, Nomura, confirmed it has agreed to acquire Lehman Brothers’ operations in Asia-Pacific and Europe, Merrill Lynch has swooped in and snapped up a team of Lehman bankers. Merrill Lynch & ...
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