Archive for December, 2007

Warren Buffett’s Berkshire Hathaway to Pay $4.5B for 60 Percent Stake in Marmon Holdings

Warren Buffett’s investment company announced on Tuesday it will pay $4.5 billion for 60 percent of Marmon Holdings Inc., a private company of more than 125 manufacturing and service businesses.
Berkshire Hathaway Inc., based in Omaha, Neb., said it plans to acquire the remaining 40 percent of Marmon over the next five to six years depending […]

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Merrill Lynch Raises $6.2B As It Sells Stake to Singapore Investment Fund

It hasn’t taken John Thain long to put his stamp on the world’s largest brokerage.
After being named chairman and chief executive of Merrill Lynch & Co. just three weeks ago, Thain on Monday secured a capital infusion worth up to $6.2 billion and sold off one of Merrill’s lending units. His fast action came at […]

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China Set to Hunt Down More US Bargains

Fresh from a five-billion-dollar investment in Morgan Stanley, China’s cashed-up government is set to go shopping for more bargains as it takes advantage of the financial turmoil in the United States.
China’s sovereign wealth fund created global headlines on Wednesday when it seized on Morgan Stanley’s credit problems and grabbed a 9.9-percent stake in one of […]

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Stocks Jump on RIM Earnings and Merrill Reports

Stocks jumped on Friday following a better-than-expected rise in profits at Research in Motion Ltd. and on word that Merrill Lynch may have lined up a big cash infusion from a Singapore fund.
The Dow Jones Industrial Average capped a volatile week with a gain of more than 200 points and along with the other major […]

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US Regulators Clears Google’s $3.1 Billion Purchase of DoubleClick

With U.S. antitrust clearance for its DoubleClick purchase, Google’s focus now turns to European regulators, who are expected to be more critical of the top search engine linking up with a market leader in online advertising.
The proposed $3.1 billion transaction, which is strongly opposed by privacy advocates, cannot be completed without approval from the European […]

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