2007's "Mega LBO" Set To File Prepackaged Bankruptcy
When news hit the tape in February of 2007 that TXU would be acquired by a consortium of PE firms including KKR, TPG and Goldman, for the mind-boggling price of $45 billion, to this day the biggest LBO...
View ArticleFrontrunning: April 30
Euro-Area Unemployment Increases to Record 12.1% Amid Recession (BBG)Fed faces calls for radical reform (FT) - Has Jamie Dimon approved of this message? No? Carry on thenCEO Pay 1,795-to-1 Multiple of...
View ArticleThe Next Big Thing: Profiting From The Fear Of Climate Change
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe last big thing was green tech – from wave-power generators to the smart grid. It was hyped in the bipartisan stimulus bill,...
View ArticleFrontrunning: May 15
Once a beacon, Obama under fire over civil liberties (Reuters)Eurozone in longest recession since birth of currency bloc (FT)EU Oil Manipulation Probe Shines Light on Platts Pricing Window (BBG)BMWs...
View ArticleFrontrunning: May 16
As scandals mount, White House springs into damage control (Reuters)Glencore Xstrata chairman ousted in surprise coup (Reuters), former BP CEO Tony Hayward appointed as interim chairman (WSJ)JPMorgan...
View ArticleFrontrunning: May 22
Apple Bonds Stick Buyers With $280.6 Million Loss as Rates Climb (BBG) Iceland Freezes EU Plans as New Government Shuns Euro Crisis (BBG)"Transparent Fed" - Ben Bernanke meets privately with Darrell...
View ArticleFrontrunning: May 30
Japan’s Stocks Correction Raises Stakes for Abe’s Growth Plan (BBG)China Failure to Grow With $1 Trillion Is Warning to Li (BBG)Blankfein Leads Bank CEO Pay With $26 Million Deemed Overpaid (BBG)IMF...
View ArticleFrontrunning: June 6
Global Stocks Tumble as Treasuries Rally, Yen Strengthens (BBG)China Export Gains Seen Halved With Fake-Data Crackdown (BBG) - so a crash in the GDP to follow?FBI and Microsoft take down botnet group...
View ArticleFrontrunning: June 18
Obama Says Bernanke Fed Term Lasting ‘Longer Than He Wanted’ (Bloomberg)Merkel Critical Of Japan's Credit Policy In Meeting With Abe (Nikkei)China Wrestles With Banks' Pleas for Cash (WSJ)Biggest...
View ArticleFrontrunning: June 25
Here come the rolling blackouts: Obama takes on power plant emissions as part of climate plan (Reuters)Walking Back Bernanke Wished on Too Much Information (BBG)As previewed last week: Bridgewater "All...
View ArticleFrontrunning: July 9
ICE's NYSE to determine the rate used by key competitor CME: NYSE Euronext to Take Over Libor (WSJ)Japan slams China over maritime disputes (FT)The Twinkie Returns, With Less Baggage (WSJ)Pentagon...
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A Glimpse Of Things To Come: KKR Suspends First Data's 401(k), Replaces Cash...
With the untapering due any minute, and cost of debt set to plunge to even lower record levels, one thing is certain: the private equity industry is about to be bathed with even more costless credit...
View ArticleFrontrunning: July 16
India Joins Brazil to China in Efforts to Tighten Liquidity (BBG)Seven dead as police and protesters clash in Egypt (Reuters)U.S. senators fail to cut deal, head for showdown on filibuster...
View ArticleWhere Markets Stand Ahead Of Bernanke
Bernanke today testifies on monetary policy before the House Financial Services Committee (formerly the Humphrey-Hawkins). The testimony will be released at 8:30 am NY with Q&A after his testimony....
View ArticleFrontrunning: July 24
Humans Beating Robots Most Since ’08 as Trends Shift (BBG)Easing of Mortgage Curb Weighed (WSJ)European Banks Face Capital Gap With Focus on Leverage (BBG)Signs Suggest China Warming to Idea of...
View ArticleFrontrunning: August 20
So no great rotation into EM? Capital Flows Back to U.S. as Markets Slump Across Asia (BBG)Muslim Brotherhood leader arrested in Egypt (Reuters)Allies Thwart America in Egypt: Israel, Saudis and U.A.E....
View ArticleFrontrunning: August 23
Lew warns Congress to strike debt ceiling deal (FT)Central-Bank Moves Blur the View (WSJ)Brazil, Indonesia launch measures to shore up their currencies (FT)More mainstream media reminded about...
View ArticleFrontrunning: August 28
Merkel Blames SPD’s Schroeder for Letting Greece Into Euro (BBG)U.S. Bank Legal Bills Exceed $100 Billion (BBG)U.K. to Request U.N. Action to Protect Syrians From Chemical Weapons (WSJ) - and Russia...
View ArticleBonds Bleed: Largest Bubble In History Unwinds, But The “Great Rotation” Into...
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterThe bond-fund massacre has been spectacular. Prime example: antsy investors yanked $7.7 billion in August out of the largest...
View ArticleDebt Zombie Verizon
Wolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichterVerizon will unleash a tsunami of money on Wall Street. To pay for its $130 billion acquisition of Vodafone’s 45% share of...
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