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Conducting the Most Admired Corporate Dealmakers survey during a financial earthquake: Is timing really absolutely everything? We sure hope not.On Sept. 22, after months of work, we unveiled our Most Admired Corporate Dealmaker survey and invited you to participate. In a nutshell, the...
What will an IMF "structural adjustment" plan for Iceland look like?: Ten years ago, during the Asian financial crisis, the International Monetary Fund was at the center of the action. Acting as both financial firefighter and cop, the IMF sent teams to hard-hit...
How Lehman bankruptcy forced insider sales at Boston Scientific: Usually it's unnerving when the founders of a company you have a stake in dump their shares. In the current market, when they're apparently doing it against their will, it's just weird. On Thursday,...
Wells Fargo and Wachovia, geographic overlap and integration: It appears that Wells Fargo & Co. will be buying Wachovia Corp. for $15.1 billion -- not that Citigroup Inc. is going away quietly. In a press release, Citi says it plans to follow through with...
Brazil's massive oil discovery 'a gift from God': That's what Brazilian President Luiz Inacio Lula da Silva said about the discovery of 50 billion to 80 billion barrels of light crude miles under the Atlantic. The massive oil reserves -- which could...
As the banking industry shrinks, will financial outsourcing follow suit?: Banks spend billions every year on outsourcing, making financial services one of the fastest growing sectors in the industry. So what's going to happen to all those outsourcing contracts as...
Discussing divesting at CD Forum (and in HBR): The first article I noticed in the latest Harvard Business Review (subscription required) is "How the best divest," written by three partners at Bain & Co.As it happens, last week at our...
IBM posts profit, plans bond sale, but investors stay fearful: You might think news of a bellwether company doing what it's supposed to do would reassure panicky investors. Not these days.Information technology behemoth IBM Corp. released preliminary results on...
Bailout agency gets a CFO, eyes bank stakes: As Treasury Secretary Henry Paulson considers plans to buy stakes in banks -- a fresh tactic in the battle against the financial panic -- news comes of a key appointment to the newly created Office...
More Citigroup news from India: We reported on Wednesday how Citigroup Inc. was selling its India-based back-office captive outsourcing unit to Tata Consultancy Services for $505 million in cash. The U.S. bank also awarded Tata a...
What's lost in a Wachovia carve-up?: Joseph Schumpeter touted capitalism's knack for creative destruction. But in the context of the possible outcomes as two giant banks spar over the fate of a third one -- with the government deeply...
Tech sector integration notes from all over: Though emergency mergers of financial firms dominate the deal headlines, Thursday morning's mail brings news about two post-merger integration projections in the world of information technology --...
U.S. economy and Longs' unwillingness deter Walgreen: Deerfield, Ill.-based Walgreen Co. just opened the door for its biggest rival, CVS Caremark Corp. Late Wednesday, Walgreen dropped its $2.8 billion bid for pharmacy chain Longs Drug Stores Corp....
That was fast! WaMu and Chase ATMs get synched up: Here at Corporate Dealmaker, we've been doing a lot of reporting lately on the avalanche of post-merger integration issues facing executives of merging banks. One of the biggies, particularly for...
VeriSign sells JV stake, continues refocusing: One of our Most Admired Corporate Dealmaker candidates is streamlining its business. Internet infrastructure provider VeriSign Inc. sold its 49% stake in a joint venture with News Corp. for $200...
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