General Motors Co. said Friday that it failed to disclose in its proxy a $600,000 contract with an ad agency partly owned by the wife of the auto maker's chief financial officer.
NEW YORK (MarketWatch) — Talbots Inc. shares plunged 34% Friday after the struggling women’s clothing retailer said its exclusivity agreement with potential buyer Sycamore Partners expired without a deal even after the deadline was extended ...
There has never been a better time to refinance your mortgage. Rates are at record lows. The government is devising new programs to help homeowners. The economy and job market are improving, albeit slowly.
Winners & Losers for the week that was in business and deals, Deal Journal's weekly look back and grading system of some of the biggest stories: The Facebook Edition.
The Russians are coming—to Turkey, at least. State-owned Sberbank is in exclusive talks to buy Turkey's Denizbank from its stressed Franco-Belgian owner Dexia for around $3.5 billion. That fits the theme of weak Western institutions ceding ...
This week on The Broke and the Beautiful, rapper Young Buck agreed to a plea deal and has been kicked out of his house. Also, TLC member T-Boz is getting sued for not making car payments.
NEW YORK (MarketWatch) — Things just got a lot worse for Talbots Inc. and its shareholders. After months of fighting off a buyout offer from Sycamore Partners, the women’s clothing retailer succumbed earlier this month, reaching a tentative ...
When Lehman Brothers led a leveraged buyout of apartment-company Archstone valued at $22 billion in 2007, it had a code name for the deal: "Project Easy Living."
By Jacob Bunge and Brett Philbin The market-making arms of UBS and Citigroup suffered combined losses of about $50 million on trades made during last Friday's glitch-plagued listing of Facebook on the Nasdaq Stock Market, according to ...
"Moonrise Kingdom," the latest feature from offbeat indie director Wes Anderson, tracks the adventures of two precocious tweens—he smokes a pipe; she wears eye shadow. When it opens May 25, it will go head-to-head with "Men in Black 3," a ...
Talbots Inc.'s shares slumped Friday as the women's retailer was left looking for a new suitor after Sycamore Partners opted not to pursue a takeover.
Top stories in today's LBO Wire: In this morning's roundup of private equity news, the private equity arm of Moelis & Co. added another aviation-services business to its portfolio, acquiring Mxi Technologies Ltd. in a deal less than $100 ...
In the wake of Facebook's disappointing offering, there has been much discussion about whether the rules of IPOs should be redone. For Nicolas Colas, Chief Market Strategist at ConvergEX Group and a former long-time analyst in the auto ...
Federal prosecutors and lawyers for five former insurance executives accused of engineering a bogus reinsurance transaction to mask a drop in reserves at American International Group Inc. are in settlement talks, according to a joint court ...