Articles Written by:    STEPHEN GROCER     

Afternoon Reading: Benefits From a Citigroup Breakup

An up-to-the-minute take on deals and deal makers. Citigroup is now ready to dismantle itself. A little more than a decade after Sandy Weill created the financial supermarket, culminating with the landmark merger of Citicorp and Travelers, the WSJ ...

From STEPHEN GROCER, Wall Street Journal,  14 Jan 2009
Related Topics: Citigroup,  Wall Street Journal

Deal Profile: Abbott to Buy Advanced Medical Optics

An up-to-the-minute take on deals and deal makers. Abbott Laboratories for $1.36 billion in a deal that launches Abbott into the eye-health market at a discount but also exposes it to a business that has slumped during the recession. Abbott will pay ...

From STEPHEN GROCER, Wall Street Journal,  12 Jan 2009
Related Topics: Advanced Medical Optics, Inc.,  Wall Street Journal,  Abbott Laboratories,  Ronald Reagan

Afternoon Reading: Citigroup Issues That Never Sleep

Is anyone surprised that Citigroup is expected to post an operating loss of at least $10 billion when it announces fourth-quarter results on Jan. 22? A little more than a month after its second government bailout, Citigroup continues to be ravaged by ...

From STEPHEN GROCER, Wall Street Journal,  12 Jan 2009
Related Topics: Citigroup

Afternoon Reading: Is There Such Thing as Too Much Madoff?

Clearly the financial press has devoted a lot of time and ink to Bernard Madoff. It was, after all, a $50 billion scheme that financially ruined scores of charities and individuals. “Looked at beside the overall problems in the economy here and ...

From STEPHEN GROCER, Wall Street Journal,  9 Jan 2009
Related Topics: Bernard Madoff,  Mark Matthews,  John Carney,  Bank of America,  White House

Deals of the Day: Merrill Lynch’s President Heads for Exit

An up-to-the-minute take on deals and deal makers. Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can ...

From STEPHEN GROCER, Wall Street Journal,  9 Jan 2009
Related Topics: Merrill Lynch,  Barack Obama,  Wall Street Journal,  European Commission,  Rohm & Haas

Evening Reading: Three Cases of Madoff Anger Syndrome

An up-to-the-minute take on deals and deal makers. It is almost a month since news of Bernard Madoff’s alleged Ponzi scheme broke and we still are trying to figure out where all the money went and how much investors will get back. Stephan Harbeck, ...

From STEPHEN GROCER, Wall Street Journal,  8 Jan 2009
Related Topics: Bernard Madoff,  Wall Street Journal,  Yahoo!,  Henry Paulson

Evening Reading: Wait, There’s More Deleveraging to Come?

An up-to-the-minute take on deals and deal makers. Is the real pain only just beginning? Just maybe. As FT Alphaville writes: “Real deleveraging is only just beginning to gather speed; the world economy has yet to enter its worst months, and there ...

From STEPHEN GROCER, Wall Street Journal,  7 Jan 2009
Related Topics: Wall Street Journal,  Henry Blodget,  Larry Flynt,  Joe Francis,  Steve Jobs

Afternoon Reading: How Mark Cuban Pursued the Chicago Cubs

Not the case. What took Cuban’s out of running to acquire the Cubs was the same thing that killed so many deals over the past year - the credit crisis. Writes Cuban — we preserved his grammar — this is what happened: “Then the credit crisis hit and ...

From STEPHEN GROCER, Wall Street Journal,  6 Jan 2009
Related Topics: Chicago Cubs,  Mark Cuban,  Sumner Redstone

Afternoon Reading: Stimulus vs. Rescues

So is the U.S. heading toward another Great Depression? And by “swiftly and boldly,” Krugman means massive government spending to fight mass unemployment, not more monetary policy. “Under Mr. Bernankes leadership, the Fed has been supplying liquidity ...

From STEPHEN GROCER, Wall Street Journal,  5 Jan 2009
Related Topics: John Maynard Keynes,  Barack Obama,  John Carney,  James Surowiecki

Deals of the Day: The $300 Billion Obama Stimulus Plan

An up-to-the-minute take on deals and deal makers. Deals of the Day, compiled by Stephen Grocer and Heidi N. Moore, gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity. You can ...

From STEPHEN GROCER, Wall Street Journal,  5 Jan 2009
Related Topics: Barack Obama,  Wall Street Journal,  Universal Pictures,  National Australia Bank Limited,  Woolworths

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