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NEWS ABOUT: buyout

buyout stories: 47 news summaries

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New York Times to Cut 100 Newsroom Jobs

Newspaper forced to reduce journalistic staff by 8%

Oct 19, 09 4:17 PM CDT
(Newser) - In an effort to continue cutting costs, the New York Times will eliminate 100 jobs from its 1,300-person newsroom. The paper will offer buyouts before instituting layoffs if necessary, executive editor Bill Keller said in an email to his staff. The move comes on the heels of an across-the-board... More »

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New York Times • journalism • buyout • revenue • newsrooms • newsroom cuts

(Newser) - The economic crisis and outdated business models are forcing steep cuts at three venerable news organizations. The New York Times today announced a 5% pay cut for all employees, who were offered 10 extra days off as compensation, "in a spirit of shared sacrifice and as a way... More »

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New York Times • Washington Post • NBC Universal • recession • salary • buyout • NBC News • pay cut • raise

7,500 Hourly UAW Workers
Take GM Buyouts

The total is now 60,500 buyouts since '06

Mar 26, 09 10:49 AM CDT
(Newser) - General Motors has convinced 7,500 unionized, hourly workers to accept buyouts and exit the company as early as next week, the Wall Street Journal reports. The automaker offered $20,000 in cash and $25,000 car vouchers—far less than previous offers—in this latest round of cuts to... More »

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General Motors • Detroit • buyout • Big Three • US automakers

Credit Crisis Spells Disaster for Private Equity Firms

Debt tightens as profits fall for many acquired companies

Nov 3, 08 11:30 AM CST
(Newser) - After a nearly 3-year buyout spree, private equity firms are facing tightened credit conditions just as slumping consumer spending squeezes many of their acquisitions, the New York Times reports. The leveraged-buyout bubble that culminated in $796 billion in deals in 2007 is bursting, leading to a grim reckoning as firms... More »

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private equity • leveraged buyouts • debt • buyout • credit crisis • private equity firms • financial crisis

Chavez: 'Hola, Comrade Bush'

Irony of White House plans to buy stakes
in banks isn't lost on Venezuelan prez 

Oct 16, 08 6:06 AM CDT
(Newser) - A smirking Hugo Chavez noted the US bank bailout yesterday and duly welcomed George W. Bush to the club of socialist leaders, reports Reuters. Hailing "Comrade Bush" was high praise from the man who has variously referred to his American counterpart as the devil and a drunk, but Chavez... More »

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socialism • nationalization • bank • buyout • Hugo Chávez • George W. Bush • financial crisis

Citi Demands Wells Fargo Give Wachovia Back

Bank says new buyout violates an exclusivity agreement

Oct 3, 08 11:43 AM CDT
(Newser) - Citigroup is seeking to nullify the Wells Fargo takeover of Wachovia announced this morning, Bloomberg reports. Citi claims the $15.4 billion deal violates an exclusivity agreement it had worked out with Wachovia early this week. "Citi has substantial legal rights regarding Wachovia and this transaction,'' the bank... More »

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Citigroup • Wachovia • Wells Fargo • takeover • buyout • FDIC • financial crisis

 'Silent Run' Doomed Wachovia 

Panic pushed FDIC to use unprecedented authority in Citigroup merger

Oct 2, 08 4:32 PM CDT
(Newser) - Customers made a “silent run” on Wachovia as the North Carolina bank negotiated a buyout from Citigroup last week, the Charlotte Observer reports. Wachovia execs noticed customers withdrawing money from large accounts following Washington Mutual’s failure, lowering their balances to below the federally insured limit. More »

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Citigroup • Wachovia • buyout • WaMu • bailout • mergers • financial crisis

Longs Picks CVS Despite Walgreen's Higher Bid

Investor calls move 'unfair' to shareholders

Sep 17, 08 2:41 PM CDT
(Newser) - Longs Drugs today declined Walgreen’s premium buyout offer, opting for CVS’ in the pharmacy-market tussle, the AP reports. Longs’ largest shareholder calls the choice "totally unfair," but the board maintains that a Walgreen deal could get bogged down in antitrust review. Longs' stock dipped on the news,... More »

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buyout • CVS • market share • Walgreen • Longs Drugs

 UK's Largest Mortgage
Lender in Buyout Talks

HBOS could be sold to Lloyds as early as tomorrow

Sep 17, 08 10:36 AM CDT
(Newser) - Britain's biggest mortgage lender, HBOS, is in advanced discussions with Lloyds about a possible buyout, reports the Financial Times. Stock in the troubled lender has yo-yoed today, falling to less than a pound a share before rocketing up and then plummeting again. While a Lloyds purchase of HBOS could trigger... More »

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bank • buyout • mortgage lender • HBOS • Lloyds of London

South Korean Banks Offer
$5.3B for Stake in Lehman

Newspaper says Korea Development Bank plans a consortium to pay for the deal

Sep 3, 08 7:47 AM CDT
(Newser) - Korea Development Bank—which in August backed out of negotiations to acquire struggling Lehman Brothers—is back with bid for a 25% stake in the capital-starved bank for as much as $5.3 billion, reports the AP. The state-owned lender says it will form a consortium of South Korean banks... More »

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acquisition • Lehman Brothers • buyout • investment banks • Korea Development Bank

InBev Boosts Bid for Bud, Making Buyout Likely

Deal now tops $50 million, and Anheuser is likely to accept

Jul 11, 08 10:55 AM CDT
(Newser) - InBev has increased its bid for Anheuser-Busch to $70 a share, the Wall Street Journal reports. Although willing to replace the Budweiser-brewer’s board in a hostile takeover, the $5-per-share boost—bringing the total deal to $50 billion—is a signal that InBev would prefer to keep things friendly. Anheuser... More »

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mergers and acquisitions • beer • Budweiser • buyout • brewery • Anheuser-Busch • InBev

 American Axle Deal
 Restarts GM Plants 

Wage cuts, buyouts, buydowns, plant closings a bitter pill for workers

May 19, 08 7:52 AM CDT
(Newser) - General Motors is poised to resume production at dozens of idled plants as workers at American Axle & Manufacturing, a key GM supplier, have reached a tentative deal in their 11-week-old strike. The UAW strike had all but stopped the production of GM's highly profitable SUVs, pickups, and vans, reports... More »

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United Auto Workers • General Motors • buyout • auto industry • UAW strike • American Axel & Manufacturing

 Microsoft, Yahoo in Talks
 for Partial Buyout 

Transaction would involved partial purchase of Internet giant

May 18, 08 4:05 PM CDT
(Newser) - Microsoft is back at Yahoo's bargaining table, this time seeking a partial acquisition of the Internet portal, the Wall Street Journal reports. Buyout talks fizzled earlier this month, but billionaire Carl Icahn's push for a proxy war has left Yahoo honchos feeling shareholder pressure to cut a deal, though today... More »

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Yahoo • Microsoft • Carl Icahn • acquisition • buyout

 Ballmer to Yahoo:
 That's Our Final Offer 

CEO not impressed by Yahoo's Q1 profits

Apr 23, 08 2:48 PM CDT
(Newser) - Microsoft won't raise its $44.6 billion takeover bid for Yahoo despite the Internet firm's strong first-quarter earnings, Bloomberg reports. "We are prepared to go forward without a merger," said CEO Steve Ballmer, who has threatened a proxy shareholder revolt to push the deal through, possibly at a... More »

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Yahoo • Microsoft • Jerry Yang • acquisition • buyout • Steve Ballmer • search advertising • display advertising

earnings report

 In Q1, Yahoo Beats Estimates 

Positive numbers may translate into leverage against Microsoft

Apr 22, 08 4:09 PM CDT
(Newser) - Yahoo posted an increase in net income and reported sales that beat estimates in the first quarter, the company reported today. The jump in profit to $542.2 million translates to 37 cents per share, up from 10 cents a share a year ago—a number reflecting a onetime $401... More »

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Yahoo • Microsoft • shareholders • buyout • profit growth • Alibaba

Bear Stearns Staffers Gird for Mass Layoffs After $3B Hit

After losing their shirts, half will also lose jobs

Mar 26, 08 7:30 AM CDT
(Newser) - The Icarus-like fall of Bear Stearns stock, trading as high as $170 a share a year ago before plummeting to $2 last week, has cost Bear employees—who once owned nearly a third of the company—more than $3 billion. That's even after JPMorgan raised its bid for the investment... More »

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Federal Reserve • Bear Stearns • acquisition • takeover • buyout • JPMorgan Chase

Microsoft Likely to Raise Yahoo Bid: Analyst

Stock upgraded to a buy after $34-per-share offer predicted

Mar 25, 08 2:39 PM CDT
(Newser) - A Citigroup analyst upgraded Yahoo stock to a buy today, predicting that Microsoft will raise its buyout bid from $31 per share to $34, MarketWatch reports. Acquiring Yahoo is the only way for Microsoft to successfully compete with Google for online advertising, said analyst Mark Mahaney, and so “the... More »

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Yahoo • Time Warner • Microsoft • online advertising • mergers and acquisitions • DoubleClick • Jerry Yang • buyout • Citigroup analysts

(Newser) - Yahoo today restated its opinion that Microsoft’s $44.6 billion buyout bid underestimates the online giant’s “combination of unique assets,” but for the first time stated publicly the strengths it would bring to the Microsoft merger, MarketWatch reports. In an investor presentation for the SEC, the... More »

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China • Yahoo • Internet • Microsoft • Japan • mergers and acquisitions • Jerry Yang • search engine marketing • buyout • search engine • search advertising • display advertising • Internet portal

Air France Buys Alitalia in Cut-Rate Deal

Struggling Italian carrier sells for 81% below market value

Mar 17, 08 3:07 AM CDT
(Newser) - Embattled Italian airline Alitalia has accepted a severely discounted buyout from Air France, the BBC reports. The $1.17-billion deal, which includes both the airline and its debt, sees Air France take over the Italian carrier at 81% below company's current share price. Alitalia has been in the red for... More »

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airline industry • Italy • buyout • Alitalia • Air France KLM Group

Yang Justifies Rejected Microsoft Bid

Says Yahoo uniquely positioned in growing online ad market

Feb 14, 08 2:07 PM CST
(Newser) - Jerry Yang believes Microsoft’s $44.6 billion bid for Yahoo was too low because it does not take into account the company's “unique position” in the growing online advertising market, the New York Times reports. In a letter sent to shareholders today, Yang inventoried Yahoo’s advantages: its... More »

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Yahoo • Microsoft • online advertising • Jerry Yang • search engine marketing • acquisition • buyout • search engine • Steve Ballmer

1 - 20 of 47 Stories | 1 2 3 Next >>


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