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October 6, 2008 9:08:02 PM CDT

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Stories related to: privatization

Stories

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  • July 2008

    • Lehman Bros. Pondering Privatization

      New York Post  |  Jul 15, 08 10:58 AM CDT

      Lehman Bros. Pondering Privatization

      (Newser) - Lehman Brothers’ CEO is considering ways for the company to privatize itself, the New York Post reports. The financial-services firm has seen its share price fall 79% this year—including 15% yesterday—and Richard Fuld is hoping to ward off bargain-hunters. "The idea is why sell to someone else at so cheap a price when they could buy themselves," a source said. More »

      Tags

      Lehman Brothers  • privatization  • Richard S. Fuld

    • Social Security Reform Dicey for McCain

      Los Angeles Times  |  Jul 14, 08 11:26 AM CDT

      Social Security Reform Dicey for McCain

      (Newser) - John McCain has opened a political can of worms by embracing the polarizing issue of privatizing social security, the Los Angeles Times reports. McCain says making young workers pay into a plan unlikely to benefit them is a "disgrace." Counters a rep for one group planning to fight the GOP candidate: "This could well be McCain's Achilles' heel with … the baby boomer generation." More »

      Tags

      John McCain  • Election 2008  • McCain 2008  • election  • Social Security  • privatization

  • June 2008

    • Senate Moves to Privatize Anemic Restaurants

      Washington Post  |  Jun 9, 08 8:03 AM CDT

      Senate Moves to Privatize Anemic Restaurants

      (Newser) - The Senate has voted to privatize its restaurants after decades of losing money, the Washington Post reports. The decision comes after much wrangling among Democrats, split between the $250,000 taxpayer subsidy that keeps the restaurants afloat and the lower wages workers would receive. “You cannot stand on the Senate floor and condemn the privatization of workers, and then turn around and privatize the workers here in the Senate," said one Dem. More »

      Tags

      Congress  • Senate  • restaurant  • privatization  • Dianne Feinstein  • tax  • subsidies

  • March 2008

    • $19B Buyout of Clear Channel Nearly Dead

      Wall Street Journal  |  Mar 25, 08 7:30 PM CDT

      $19B Buyout of Clear Channel Nearly Dead

      (Newser) - A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one wants to do this deal except for the seller,” said a source. More »

      Tags

      credit market  • bank  • privatization  • financial institutions  • Bain Capital  • Clear Channel  • Thomas H. Lee Partners  • sale

    • More US Troops Outfitting Themselves for Combat

      Christian Science Monitor  |  Mar 6, 08 1:39 PM CST

      More US Troops Outfitting Themselves for Combat

      (Newser) - US troops are increasingly augmenting their military-issue gear with higher-end commercial products to gain an extra edge—and look sharp, the Christian Science Monitor reports. The military has encouraged the trend, perhaps in response to the equipment shortages that have dogged the Iraq and Afghanistan war efforts, loosening procurement rules that previously stopped troops from providing their own equipment. More »

      Tags

      Iraq  • Iraq war  • Afghanistan  • Iraq war spending  • privatization  • House Armed Services Committee  • supply chain  • military equipment

  • October 2007

    • Hit the Road, Jack—or You Can Lease It

      Time  |  Oct 24, 07 11:15 AM CDT

      Hit the Road, Jack—or You Can Lease It

      (Newser) - Cruising the Goldman Sachs Turnpike might not be as futuristic as it seems, Time reports, as more states lease highways to private companies to raise quick cash for infrastructure needs. And backlash didn't stop Indiana from grabbing $3.8 billion for a 75-year lease on the Indiana Toll Road. States and localities are considering 71 such projects, worth $104 billion. More »

      Tags

      Goldman Sachs  • governor  • privatization  • highways  • Carlyle Group  • Indiana Toll Road

  • August 2007
  • July 2007

    • Blackstone Books Hilton For $26B

      Wall Street Journal  |  Jul 3, 07 8:38 PM CDT

      Blackstone Books Hilton For $26B

      (Newser) - Blackstone moved to expand its hotel portfolio in a big way late today, making a deal to take Hilton private for $26 billion, including $7.5 billion in debt. The $47.50 per share offer, 40% more than yesterday's close, turned the head of the chain's CEO, who called it "such a compelling price," the Journal reports. More »

      Tags

      private equity  • hotel  • Blackstone Group  • privatization  • Hilton

    • BCE Agrees to Landmark LBO

      Globe and Mail  |  Jul 1, 07 10:24 AM CDT

      BCE Agrees to Landmark LBO

      (Newser) - Canada's dominant telecom company will go private in the country's biggest takeover ever, and one of the largest LBOs in the world. A powerful teachers' retirement fund and two American private-equity firms made a deal yesterday for CBE, also known as Bell Canada. The $48.5 billion (C$51.7 billion) bid must still clear regulators and shareholders. More »

      Tags

      Canada  • private equity  • buyout  • takeover  • privatization  • teacher  • telecom  • retirement fund  • LBO  • Providence Equity  • Madison Dearborn

  • June 2007

    • Wendy's on Block as Stale Sales Sink Earnings

      Wall Street Journal  |  Jun 19, 07 5:29 AM CDT

      Wendy's on Block as Stale Sales Sink Earnings

      (Newser) - Wendy's is looking for buyers as the hamburger chain's earnings and market share plummet. Aggressive competition from McDonald's and Burger King as well as soaring beef and dairy prices have taken a  big bite out of Wendy's bottom line, the Wall Street Journal reports. More »

      Tags

      food  • McDonald's  • fast food  • privatization  • Wendy's

    • Gambling Firm Agrees to Buyout

      Bloomberg  |  Jun 15, 07 4:08 PM CDT

      Gambling Firm Agrees to Buyout

      (Newser) - The casino-operator buyout spree continued today as Penn National Gaming agreed to be acquired by two private-equity firms for $8.9 billion. The deal, which allows the company to solicit bids for 45 days, includes $2.8 billion in debt. News of the $67-a-share offer, a 31% premium over yesterday's closing price, drove the stock up to $62.12 at close. More »

      Tags

      business  • stocks  • acquisitions  • private equity  • casino  • privatization  • Harrah's  • Fortress Investment Group

    • Hot LBO Market Takes Hit

      Wall Street Journal  |  Jun 8, 07 9:40 AM CDT

      Hot LBO Market Takes Hit

      (Newser) - The red-hot market for LBOs may be hitting a long-awaited rough patch. Several big deals—including Apollo's $1.3 billion Linens 'n Things buy and the multigroup $17.6 billion acquisition of Freescale Semiconductor Holdings—have turned sour, with the companies struggling to generate enough cash to pay down debt after soft quarters. More »

      Tags

      US economy  • business  • acquisitions  • merger  • debt  • privatization  • takeovers  • LBOs  • leveraged buyouts  •