Activist investor Carl Icahn resigns from Yahoo board
Investor Carl Icahn said late Friday he has resigned from the board of directors at Yahoo Inc., saying that there was not a need at this time for an activist investor at the internet company.
CIT says restructuring plan protects value of assets
CIT Group Inc warned bond holders that if they failed to exchange their debt or approve a prepackaged bankruptcy, the commercial finance company -- and its debt investors' returns -- could suffer mightily.
CIT, Goldman in tentative pact: report
CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter.
CIT debt offer by obscure fund raises questions
An obscure hedge fund said it offered to buy $1 billion in debt from CIT Group Inc but declined to identify its source of capital. CIT would not comment on whether it was seriously considering the offer.
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Elan, J&J cut deal price, resolve Biogen dispute
Elan Corp Plc has resolved a disputed partnership agreement with Biogen Idec Inc , lowering the price Johnson & Johnson will pay for a minority stake in the Irish drugmaker.
J&J in talks to reduce $1.5 billion Elan deal price: source
U.S. health-care firm Johnson & Johnson is in talks to cut the price of a $1.5 billion deal with Irish drugmaker Elan Corp , a source familiar with the negotiations said on Sunday.
J&J in talks to reduce $1.5 bln Elan deal price: source
U.S. health-care firm Johnson & Johnson is in talks to cut the price of a $1.5 billion deal with Irish drugmaker Elan Corp, a source familiar with the negotiations said on Sunday.
Yahoo board member Icahn trims stake
Yahoo Inc board member Carl Icahn has cut back his stake in Yahoo, selling nearly 13 million shares since last Thursday, according to a regulatory filing on Monday.
Guaranty Financial files Chapter 11
Guaranty Financial Group Inc has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA .
Guaranty Financial Group files Chapter 11
NEW YORK - Guaranty Financial Group Inc (GFGF.PK) has filed for Chapter 11 bankruptcy protection, less than a week after regulators seized its banking unit and sold most of its assets to the Spanish bank, Banco Bilbao Vizcaya Argentaria SA (BBVA.MC).
UPDATE 1-U.S. judge confirms WCI plan of reorganization
A bankruptcy judge on Wednesday approved a plan of reorganization for luxury home builder WCI Communities Inc (WCIMQ.PK), according to court documents, helping clear the way for the company to emerge from Chapter 11 bankruptcy protection.
BBVA expected to win Guaranty auction: sources
Banco Bilbao Vizcaya Argentaria , Spain's second-largest bank, is expected to win a government-run auction of troubled Texas lender Guaranty Financial Group Inc , sources familiar with the situation said on Wednesday.
Hedge fund suit says Icahn hurt XO investors
Activist investor Carl Icahn is under fire from a hedge fund that accuses the billionaire investor of enriching himself at the expense of minority shareholders in XO Holdings Inc , a company he controls.
Federal-Mogul quarterly profit drops sharply
Auto parts maker Federal-Mogul Corp (FDML.O) posted a sharp drop in quarterly profit on Thursday, but reported substantial progress from earlier in 2009 as it cut costs to address the economic downturn and production cuts by its automaker customers.
Microsoft and Yahoo agree on ad partnership: source
Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.
Microsoft, Yahoo agree on ad partnership-source
Microsoft Corp and Yahoo Inc have agreed to an online search and advertising partnership, in an attempt to rival Google Inc, that will be announced within 24 hours, a source familiar with the situation said on Tuesday.
Guaranty Financial, No.2 Texas bank, says may fail
Guaranty Financial Group Inc , the second-largest publicly traded bank in Texas, said it will probably fail after loan losses and write-downs
Yahoo board member Icahn wants Microsoft deal
Activist investor Carl Icahn spoke out in favor of a search deal between Yahoo Inc and Microsoft Corp, as talks between the two companies appeared to regain momentum.
XO Chairman Icahn offers to buy company
XO Holdings Inc Chairman and billionaire investor Carl Icahn on Friday offered to buy the shares in the communications company that he does not already own for 55 cents each.
Federal-Mogul considering Delphi bid: sources
Federal-Mogul Corp (FDML.O) is readying a renewed bid for the assets of Delphi Corp (DPHIQ.PK) after breaking off talks with the bankrupt auto parts maker in late May, three people with knowledge of the situation said on Tuesday.
Auto supplier Lear to file for bankruptcy, obtains financing
Auto seating supplier Lear Corp said on Wednesday it would file for Chapter 11 in a reorganization supported by key secured lenders and bondholders and had obtained $500 million in bankruptcy financing.
Icahn, others lose Steel Partners challenge
Activist investor Warren Lichtenstein got court approval on Friday to move forward with his controversial plan to convert hard-hit hedge fund Steel Partners II into a listed investment company.
U.S. stock index futures mixed; eyes on banks
Dow Jones futures rose 0.1 percent and S&P 500 futures also rose 0.1 percent while Nasdaq futures fell 0.2 percent by 0913 GMT, suggesting a mixed start for U.S. stock markets on Thursday.
Lenders mull offer for bankrupt Delphi: report
Bankrupt U.S. auto parts maker Delphi Corp's debtor-in-possession lenders are mulling an offer for the company, the New York Post said, citing a person familiar with the matter.
Icahn mulls another run at Delphi Corp: report
Activist investor Carl Icahn is considering making another attempt to take over bankrupt auto parts supplier Delphi Corp, the New York Post reported on Saturday.
CORRECTED: Icahn mulls another run at Delphi Corp: report
(Corrects paragraph 2 to make clear the judge did not block sale to Platinum Equity, and paragraph 6 to show that General Motors is providing funding to Delphi, not the U.S. Treasury)
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