Berkowitz’s Fairholme Out of Sears Financing Deal
A 13D filing by Bruce Berkowitz and Fairholme Capital yesterday reveals their withdrawal from the deal to finance $400 million … Read more
A 13D filing by Bruce Berkowitz and Fairholme Capital yesterday reveals their withdrawal from the deal to finance $400 million … Read more
Just a couple of years ago, Peabody Energy Corporation (NYSE:BTU) named an asking price of over $500 million for the … Read more
Last week the Government Accountability Office (GAO) took aim at the Financial Stability Oversight Council (FSOC), the regulatory watchdog assigned … Read more
Buybacks by US companies have been in the news for all the wrong reasons lately. The aggressive share repurchase spree … Read more
Leading cloud companies are moving fast to capture a share of the cloud computing business in China. International Business Machines … Read more
Never mind that with a twinkle in his eye, the legendary investor added a rider: “…at your cost price.” Dan … Read more
The Fed’s latest statistical release on Financial Accounts of the United States observes that the aggregate net worth of households … Read more
Recent notes from Fitch Ratings and Credit Suisse analyst Gary Balter underscored troubled retailer Sears Holdings Corp (NASDAQ:SHLD)’s precarious cash … Read more
According to McKinsey, by 2025, roughly $250 billion of GDP will be concentrated across only 60 mega-cities – that’s a … Read more
Hitherto, an uptick in manufacturing activity (captured by Purchasing Manager Indices) in developed markets such as the EU and the … Read more
A toxic mix of central bank intervention, ultra-low inflation and yields and historically high sovereign debt has spawned a bubble … Read more
A Reuters report last week said China’s Evergrowing Bank may have to make good on guarantees it issued on a … Read more
A recent Mckinsey publication carries an article written by Peter F Drucker in 1967. Titled ‘The manager and the moron,’ … Read more
Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS) has said it will sell 140 million shares in its US banking … Read more
The Agony and The Ecstasy, a study of the risks and rewards of concentrated investing by Michael Cembalest, Chairman of … Read more