NEW YORK - Cerberus Capital Management LP, the brash private equity firm named for a demonic dog, has been humbled in recent weeks by woes at two of its larger investments, automaker Chrysler LLC and auto and mortgage lender GMAC LLC.
NEW YORK - Take-Two Interactive Software Inc on Sunday rejected an unsolicited, $26-per-share offer by Electronic Arts Inc , saying it was at a significant discount to its peers and came at “absolutely the wrong time.”
WASHINGTON - The government is due to pick the winner this week in a huge warplane competition that pits No. 2 United States defense contractor Boeing Co against a team made of No. 3 Northrop Grumman Corp and its European partner, Airbus parent EADS.
NEW YORK - Walt Disney Co stands out for its management stability and financial discipline, and long-term investors should be happy, business weekly Barron’s has said in its latest report.
CARACAS - Venezuela offered to resolve its
nationalization dispute with United States energy giant Exxon Mobil by
withdrawing from its stake in the Chalmette refinery, a top
energy official told local media in comments reported on
Sunday.
HELSINKI - Cellphone maker Nokia has said on Sunday its agreement in a United States court in Delaware with Qualcomm was unlikely to solve the major legal battle over patent fees between the two technology heavyweights.
WASHINGTON - The papers that United States borrowers sign
when purchasing a house are piled so high that few people read them
all, and even fewer absorb the info.