Capmark Financial Group Inc., the commercial real estate company created through a 2006 leveraged buyout of certain GMAC assets, is preparing to file for bankruptcy possibly by the end of next week, according to a source with direct knowledge of the situation.
Giant initial public offerings this week by Banco Santander (Brasil) SA and Verisk Analytics are likely to be followed by more outsized IPOs, but the mixed performance of the stocks shows selling future deals could be difficult.
Verisk Analytics Inc, an insurance services firm partly owned by Warren Buffett's Berkshire Hathaway, soared in its first day of trading on Wednesday, and stirred hopes that the appetite for such offerings is warming.
Kraft Foods Inc told employees it would use fiscal restraint in its pursuit of British confectioner Cadbury, and said its success as a company was not dependent on doing a deal.
Insurance risk assessment specialist Verisk Analytics Inc on Monday set the terms of its initial public offering, saying it expects the offering to yield $1.7 billion in what could become the largest U.S. IPO in a year and a half.
Its sharp decline in the last week has pushed the euro to its highest level in a year and reignited fears that there's only one place for the dollar to go, and that's down. Rhetoric from influential investors like Warren Buffett as well as big foreign buyers of U.S. debt like China and Russia has fed that sense of doom.
U.S. food giant Kraft could raise its bid 20 percent up to 12.3 billion pounds ($20.1 billion) to seal a takeover deal for Britain's Cadbury without losing a key investment grade rating on its debt.
Warren Buffett is probably not trying to be Warren Wonka, but the Oracle of Omaha is certainly in a position to influence the struggle for control of the global chocolate industry.
The trust that holds voting control of candy maker Hershey Co has hired Warren Buffett's favorite banker to advise it on a possible bid for British chocolatier Cadbury, the Wall Street Journal reported on Thursday.
The U.S. economy has not begun to climb out of the worst recession since the Great Depression, but the terror that followed last year's near- collapse of the financial system is gone, due in part to government intervention, Warren Buffett said on Tuesday.
A year after the collapse of Lehman Brothers plunged the world into financial meltdown and jolted the foundations of capitalism, business students don't just want to learn how to maximize profit for shareholders and themselves.
Warren Buffett is often a go-to guy when companies want to raise money.
Global banking giant HSBC and Warren Buffett's Berkshire Hathaway should be paying staff the biggest bonuses, according to a new bonus model from a management consultant.
Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
U.S. billionaire Warren Buffett intends to raise his stake in Chinese electric car and battery maker BYD Co Ltd , BYD's chairman said on Monday, sending shares in his company up 8 percent.
Recovery View Gains Believers; Giving Up Names; Debt Threatens U.S.
Billionaire investor Warren Buffett said the U.S. economy has avoided a meltdown and appears on a slow path to recovery, but Congress must now deal with enormous amounts of debt that threaten to erode U.S. purchasing power.
The United States economy is out of the emergency room and appears to be on a slow path to recovery, Warren Buffett wrote in an opinion column in the New York Times.
The United States economy is out of the emergency room and appears to be on a slow path to recovery,, Warren Buffett wrote in an opinion column in the New York Times.
Stock index futures pointed to a fall of about 1 percent on Wednesday as a drop in Chinese shares prompted renewed selling in global equity markets on fears stock prices have outpaced the economic recovery.
Billionaire Warren Buffett's Berkshire Hathaway Inc reported on Friday a new 1.2 million share investment in Becton Dickinson & Co and an increased stake in Johnson & Johnson , as it boosted exposure to some health-care companies.
Warren Buffett's Berkshire Hathaway Inc underestimated the risks of falling stock prices to its billions of dollars of derivatives bets, yet still believes it is valuing the contracts fairly.