DealBook Blog: First Data Prepares $5 Billion Loan Sale
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First Data is preparing to sell the first slug of debt related to its leveraged buyout in the first real test for the debt markets since the credit markets froze this summer.
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&quot;IBM plans to announce on Monday that the Blue Gene will be available immediately with a starting price of $1.5 million.&quot;.
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Fannie Mae said it would sell $5 billion of preferred stock to large institutional investors in a rush to meet its regulator's minimum capital requirements.
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The deals have been in the pipeline for some time, but the duo finally completed their medicals on Friday night and signed five-year deals.
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Bankrate's new CEO shares the art of tracking personal finance data.
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In a $4.5 billion stock transaction, the two will join forces to challenge the recently announced combination of Bank of New York and Mellon Financial.
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Banco Santander Central Hispano, SpainÂs biggest bank, agreed to buy 90 percent of Drive Financial Services of Dallas for $651 million, gaining a presence in 35 states with what is its first consumer finance move into the United States. The bank will buy the unit from HBOS, a British mortgage lender, and the management of Drive Financial. Santander will also pay as much as $175 million to some of Drive FinancialÂs management if the company meets goals in the next two years. Drive Financial offers financial services through 10,000 car dealers and had $2.4 billion of loans in August.
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San Francisco - PeopleSoft Inc. and International Business Machines Corp. will spend $1 billion in the next five years to develop and sell business software.
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Driving the companyâs loss, which amounts to $31.85 a share, was a $5.21 billion write-down on its portfolio of credit derivatives.
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The firm is poised to buy a 5% share in the popular social networking website, according to reports.
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The data storage company is selling its Stonehouse Technologies unit for $6.5 million.
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The nation's fourth-largest bank plans to shore up $3.5 billion
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U.S. Treasury prices built on early gains on Wednesday after an auction of five-year debt drew surprisingly strong demand from indirect bidders, which include foreign central banks.
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Deal worth $1.35 billion is designed to help Intuit attract a larger number of financial institutions as customers.
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European regulators gave their approval to IBM's $5 billion acquisition of the business intelligence software vendor.
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The door maker will go private in a $2.5 billion deal.
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By BRIAN BERGSTEIN BOSTON - IBM Corp. disclosed Tuesday that it is taking on $11.5 billion in new debt to finance the aggressive accelerations of its stock repurchase plan, which appears to be one of the largest such steps ever.