Mills Grabs $1B Portfolio; Taubman Likely to Lose Contracts
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Mills Corp. agreed to purchase a 50 percent interest in nine malls owned by General Motors Asset Management Corp. for just over $1 billion, creating a new joint venture between the groups. The deal will extend ...
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Paul Abate is 60 and has 16 years in at Malden Mills, where he makes about $15 an hour as the lead man overseeing five huge machines at the bankrupt textile plant. Abate has only a shot at collecting the $5,327 Malden Mills owes him as one of hundreds of unsecured creditors, but just hopes to hang onto his job. ...
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Investors should ponder the different stories for Target and Wal-Mart.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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General Mills is a solid company, but one Fool isn't infatuated with its dividend history.
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Credit Suisse says first-quarter profit will be $1bn less than forecast after a write-down.
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About 700 textile workers will begin voting on a revised contract offer as the new owners of Malden Mills Inc. seek to avoid a threatened strike. Voting will run through tomorrow, with results expected tomorrow night, union spokesman Warren Pepicelli said. Pepicelli and Malden Mills spokesman James Harter declined to comment on what changes the company made to its offer. ...
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Investors will digest reports from Pfizer and Capital One, among others.
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WASHINGTON -- Mall developer The Mills Corp. said Tuesday that it now plans to accept a $1.6 billion takeover bid by Simon Property Group Inc. and the hedge fund Farallon Capital Management LLC, spurning a lower offer from Canadian company Brookfield Asset Management that Mills agreed to last month.
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Profit at Merrill Lynch & Co. Inc.   could take a big hit if the U.S. brokerage heavyweight  cuts the value on nearly $1 billion in subprime lender assets  it bought just eight months ago.
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Unfortunately, your portfolio gains can mean someone else's loss.
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Kohlberg Kravis Roberts & Co. is considering making a concession to the banks financing its $26 billion leveraged buyout of payment processor First Data Corp. , according to a source familiar with the situation.
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Investor's Business Daily - Manage the company well and its stock price will follow is the way Richard Weiss picks the holdings of $1.14 billion Wells Fargo Advantage Common Stock Fund  (NASDAQ:STCSX - News).
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Embattled U.S. shopping mall owner Mills Corp.  said on Tuesday a roughly $1.56 billion takeover offer from Simon Property Group Inc.  and Farallon Capital Management is superior to a rival bid by Brookfield Asset Management Inc. .
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Profit at Merrill Lynch & Co. Inc.  could take a big hit if the U.S. brokerage heavyweight cuts the value on nearly $1 billion in subprime lender assets it bought just eight months ago.
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The asset value of timber company Weyerhaeuser  may exceed $100 a share, some 50 percent above its current stock price of about $68, Barron's reported in its October 29 edition.
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Kohlberg Kravis Roberts & Co. is  considering making a concession to the banks financing its $26  billion leveraged buyout of payment processor First Data Corp.  , according to a source familiar with the situation.