Private equity firms are taking profits in their portfolio holdings left and right. The third such instance today comes from General Growth Properties Inc. (NYSE: GGP). It has been announced that Blackstone…
Jon C. Ogg courtesy J.C. Penney Co. Inc.Investor George Soros reported last night that he had taken a 7.9% stake in J.C. Penney Co. Inc. (NYSE: JCP), and the news has lighted a small fire…
Paul Ausick U.S. equity markets opened mixed this morning as the DJIA was slammed by a number of weak earnings reports both last night and before markets opened this morning. The was no economic…
ThinkstockThe initial public offering (IPO) of SeaWorld Entertainment Inc. (NYSE: SEAS) went off this morning at the high end of the $24 to $27 expected price range. The theme park operator sold…
Paul Ausick courtesy Dell Inc.Several news sources report that Blackstone Group L.P. (NYSE: BX) has dropped its bid to buy out Dell Inc. (NASDAQ: DELL). This may leave the offer of Michael Dell and…
IntelsatDreamliner to Return to Service Boeing Co. (NYSE: BA) may be able to put its 787 Dreamliner back in service shortly. The problems with a battery on the plane that had caused…
ThinkstockBlackstone Group L.P. (NYSE: BX) will halt its bid for Dell Inc. (NASDAQ: DELL). (Reuters) Microsoft Corp. (NASDAQ: MSFT) announces CFO departure as it posts strong earnings. (Reuters) Google Inc. (NASDAQ: GOOG)…
courtesy Dell Inc.You can’t always get what you want, but if you try, you might get what you need. That seems to be the outcome of the deal announced today between Dell…
courtesy J.C. Penney Co. Inc.A New York Supreme Court justice this morning threw out a claim of unfair competition brought by Macy’s Inc. (NYSE: M) against J.C. Penney Co. Inc. (NYSE: JCP)…
courtesy of DellA drop in first-quarter PC sales reported by research firm IDC was blamed, to some extent, on the public’s rejection of Microsoft Corp.’s (NASDAQ: MSFT) Windows 8. The rise of…
courtesy of Facebook Inc.The FBI begins review of the relationship between a KPMG partner and Herbalife Ltd. (NYSE: HLF). (Reuters) Problems with lithium ion batteries hurt the growth of companies that make…
The planned initial public offering of SeaWorld Entertainment Inc. is about to get a lot larger than previous estimates. The operator of SeaWorld, Shamu and Busch Gardens brands now plans to raise…
Jon C. Ogg courtesy Dell Inc.Michael Dell may walk out on his partnership with Silver Lake, a marriage created to make a leveraged buyout (LBO) of Dell Inc. (NASDAQ: DELL), to join a rival bid…
courtesy of Facebook Inc.Weak small businesses in Spain and Italy could cause the next wave of problems in the European Union. (Reuters) Mobile messaging apps begin to compete with use of Facebook…
ThinkstockThe maker of Vlasic Pickles, Celeste Frozen Pizza, Van de Kamp fish sticks and a variety of other frozen and packaged foods, Pinnacle Foods Inc. (NYSE: PF) priced its initial public offering…
Paul Ausick 