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Fed Fights Fannie/Freddie Failure

Treasury Dept.’s call to shift mortgage financiers to government control preserves credit in housing and triggers investment optimism.

Mervyn’s Sues its Former PE Buyers

The bankrupt retailer assails PE firms over use of real estate assets in LBO, damages could reach $1 billion.

Manchester City Sold to Dubai Investors

Thailand’s Thaksin jettisons soccer team as inquiry tide swells around him, threatening assets.

Tropicana Gambles On Casino Aztar

Tropicana filed for Chapter 11 before original deal with Eldorado could come to fruition.

Advent Acquires Stake in Amscan

The party supplies retail franchise sold 38% of the company to the Boston-based buyout firm.

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Articles

UBS To Split

UBS last week said it will split into three business units, while also announcing a second-quarter loss.

Ascendia Petitions For Bankruptcy

Ascendia Brands petitioned for Chapter 11 bankruptcy protection on Aug. 5 in Delaware's bankruptcy court.

Divestiture Darlings

New research shows that strategic acquisitions of divested assets tend to add more value than buying a business as a whole.

Don't Stick a Fork in 'Em Yet

The demise of chowhouses Bennigan's and Steak & Ale, to some, represented another consumer entity toe-tagged thanks to a flagging US economy.

Lehman Demotes CFO

Lehman Brothers has reshuffled its senior management team in a move that includes the demotion of its of-late-high-profile CFO, Erin Callan.

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