Bloomberg buying BusinessWeek magazine

2010-04-16T09:51:17Z

Bloomberg announced Tuesday it has agreed to buy BusinessWeek magazine from McGraw-Hill Cos. in a move that allows the news agency to expand beyond its core business of supplying financial data to professionals.

Bloomberg did not disclose terms of the purchase of the business magazine, which has a Irene Rosenfeld, chief executive of Kraft (KFT), went public with her $16.7 billion bid for confectionary giant Cadbury (CBY), the British company's chairman, Roger Carr, blasted back in a Sept. 12 letter explaining why the cash-and-share off...

The Case for Cautious Optimism

2010-04-16T10:50:13Z

Sept. 15, 2008 will remain firmly etched in my mind. I was on my way to Moscow for meetings with SAP's customers and partners when I heard the news that Lehman Brothers had collapsed. By the time I reached the Russian capital and switched on my BlackBerry, I realized from the sheer number of ...

M&A's Long Road Back

2010-04-16T11:06:08Z

Call it the merger muddle. If you wanted to buy a company in the past year, you had two big problems. First was simply trying to find anyone who would lend you the money. The credit markets were frozen and many banks that usually financed deals were on shaky financial ground themselves.

BRITAIN'S BANK EXIT PLAN

2010-04-16T11:10:39Z

BRITAIN'S BANK EXIT PLAN

The entity managing the British government's stakes in nationalized banks is warning that exiting from those investments could take years. The agency, called UK Financial Investments, also says in its annual report that the government has logged paper losses of nearly $17 billion on its 70% stake in

Research Parks for the Knowledge Economy

2010-04-16T11:59:53Z

Since it opened 50 years ago, North Carolina's Research Triangle Park has been the epitome of science parks: a neatly landscaped campus of low-rise building buildings in exurbia, where scientists at aspiring technology spin-offs from nearby universities toil all day in cramped, low-rent "incubators" and then disperse each evening to fight the Interstate...

Merrill Lynch Turns Into a Black Hole for Bank of America

2010-04-16T17:28:15Z

One deal too many. That could be the epitaph of many CEOs -- Jerry Levin of Time Warner (TWX) and Ken Thompson of Wachovia (WFC) come to mind -- who built their companies through ever-bigger mergers and then watched those...

Movers: Advanced Medical Optics, Alcoa, Citigroup, Morgan Stanley

2010-04-16T17:29:50Z

Abbott Laboratories (ABT) agrees to acquire Advanced Medical Optics (EYE) for $22 cash per share, for total deal value of approximately $2.8 billion, including estimated net debt at time of closing. ABT confirms 2008 EPS guidance of $3.31-$3.33, excluding specified items. Sets 2009 EPS guidance at $3.65-$3.70 on GAAP, non...

Private Equity's Year from Hell

2010-04-16T13:59:09Z

The financial crisis has damaged investors great and small, and private equity funds are no exception. These funds, and the investors who plunked down millions to back their deals, appear to be facing big losses as more of the companies that they used leverage to buy -- and to take cash out of -- are defaulting on their debt and starting to file for bankruptcy. It's only logical that the targets of these leveraged buyouts, with their hefty debt obligations financed at junk-bond rates, ...

Contemplating a Business Partnership?

2010-04-16T14:11:39Z

A business partnership [BusinessWeek SmallBiz, June/July, 2007] is usually hatched in a state of inspired optimism when two or more seemingly like-minded individuals come together with an idea to create a product or service and develop it into a business. But perhaps not surprisingly, for every partnership agreed upon formally or informally, there are a number of questions about the best way to keep it going forwa...

India Inc. Battered by Credit Crisis

2010-04-16T14:20:00Z

These days when KPMG's Mumbai corporate finance head Rohit Kapur meets Indian chief executives, he finds a marked difference in the corner suite talk. Until recently, Indian bosses were still firming up their mergers-and-acquisition shopping itinerary. No longer. "Now they talk of rationalizing their business portfolio and monetizing assets to...

A GM-FORD MARRIAGE

2010-10-22T11:04:35Z

How desperate are things in Detroit? At a recent management meeting, a senior General Motors executive floated the idea of approaching Ford Motor about a merger, BusinessWeek has learned.

The idea was shot dow...

How to Choose a Business Partner

2010-04-16T16:26:43Z

I was in the process of starting a business and got about halfway there when my business partner had a change of life and backed out. At a previous company I co-owned for 10 years, my business partner stole from me. Should I open my company alone, or is there a way to avoid making another mistake in choosing a partner?

The latest in Businessweek Magazine

Bloomberg buying BusinessWeek magazine

The Case for Cautious Optimism

M&A's Long Road Back

BRITAIN'S BANK EXIT PLAN

BRITAIN'S BANK EXIT PLAN

Research Parks for the Knowledge Economy

Merrill Lynch Turns Into a Black Hole for Bank of America

Movers: Advanced Medical Optics, Alcoa, Citigroup, Morgan Stanley

Private Equity's Year from Hell

Contemplating a Business Partnership?

India Inc. Battered by Credit Crisis

A GM-FORD MARRIAGE

How to Choose a Business Partner