Archive for April, 2009
The Anatomy of the stress test | Fool.com gets it
One part of Treasury Secretary Geithner’s plan to prop up the failing bank sector is a forward-looking “stress test” imposed on every bank with over $100 billion in assets. Those failing the test would have access to contingent capital that could, thought goes, keep them alive — or zombified, depending how you look at.
As was [...]
RBS says good interest in Asia assets for sale | Deals | Reuters
Part-nationalized Royal Bank of Scotland RBS.L has received good interest from potential buyers for its Asian assets, its chief executive said on Friday.
“Were seeing good levels of interest, but it would be premature to declare victory with respect to price or executability,” RBS Chief Executive Stephen Hester told reporters after a shareholder meeting.
“Were in the [...]
U.S. Office Vacancies Hit 15.2% — and Rising – WSJ.com
Struggling to cut costs in a raging recession, companies dumped a near-record 25 million square feet of office space in the first quarter, driving vacancy up and rents down, according to data to be released today by Reis Inc.
Businesses that needed to lease space took advantage of the market weakness to extract concessions out of [...]
Facebook | Carlyle fund values Freescale at 15 percent of cost | Deals | Reuters
Private equity firm Carlyle Group CYL.UL is valuing an investment it made in chip maker Freescale Semiconductor FSLSM.UL at 85 percent below its cost, a document obtained by Reuters shows.
Formerly Motorola’s semiconductor unit, Freescale was bought by Carlyle, Blackstone Group (BX.N), Permira Funds PERM.UL and Texas Pacific Group TPG.UL in 2006 in a $17.6 billion [...]
