news

DBR: Housing and The Economics of Sand Castles

DBR: Housing and The Economics of Sand Castles

By Anders J. Maxwell May's capital markets are up blissfully, albeit after some extraordinarily volatile trading. Equity and credit markets are climbing to new highs from the current business cycle's low point in the second half 2008. The S&P 500 is up 34% in the past 12 months. High-yield bond prices have recovered from ... Read More

DOW JONES LBO WIRE: Golden Gate is Zale’s Best Friend

DOW JONES LBO WIRE: Golden Gate is Zale’s Best Friend

Irving, Texas -- Jewelry retailer Zale Corp. said it has secured the rescue financing needed to fund its business as the company struggles with dwindling sales. Zale, based in Irving, Texas, closed late Monday on a $150 million secured loan from Golden Gate Capital Inc. The firm will receive warrants to purchase 11 million Zale shares at... Read More

Embracing Conflicts – A Bad Business Strategy by Peter J. Solomon

Embracing Conflicts – A Bad Business Strategy by Peter J. Solomon

Embracing Conflicts – A Bad Business Strategy Goldman Sachs may or may not be guilty of fraud as alleged by the Securities and Exchange Commission. The legal issue centers on whether Goldman had to disclose that a prominent institutional investor had selected mortgages to be sold to other institutional investors. "Disclosure" is... Read More

IDD: A Call to Action by Peter J. Solomon

IDD: A Call to Action by Peter J. Solomon

  • News
  • April 30, 2010

Veteran Wall Streeter warns that the financial services industry is lapsing into pre-crisis mode. The debate over the bureaucratic location and independence of a Consumer Financial Protection Agency as part of the financial reform bill raises legitimate concerns about the relationship of consumer advocacy to the “safety” and “soundne... Read More

WSJ: Tracking the Fallout on Goldman

WSJ: Tracking the Fallout on Goldman

  • News
  • April 19, 2010

By AARON LUCCHETTI and RANDALL SMITH Friday, news of U.S. regulators' fraud lawsuit against Goldman Sachs Group Inc. dominated trading floors and financial channels. Saturday, it moved to little-league sidelines, birthday parties and other weekend venues of adult conversation. "It's the flavor of the day," said Gustavo Dolfino, senio... Read More

Sanderson Farms, Inc. Announces Pricing of Common Stock Offering

Sanderson Farms, Inc. Announces Pricing of Common Stock Offering

  • News
  • March 31, 2010

LAUREL, Miss., Mar 31, 2010 (BUSINESS WIRE) --Sanderson Farms, Inc. (NASDAQ: SAFM) announced today the pricing of its underwritten registered public offering of 2,000,000 shares of its common stock. In connection with this offering, the Company has granted the underwriters a 30-day option to purchase up to an additional 300,000 shares of... Read More

BLOOMBERG: Chirico’s 4am Ice Cream Seals $3 Billion Tommy Hilfiger Deal

BLOOMBERG: Chirico’s 4am Ice Cream Seals $3 Billion Tommy Hilfiger Deal

  • News
  • March 16, 2010

by Cotten Timberlake (Bloomberg) -- It took Phillips-Van Heusen Corp. Chief Executive Officer Emanuel Chirico more than 2 years and 15 pints of ice cream to seal the $3 billion takeover of Tommy Hilfiger BV. “It just seemed natural to us,” Chirico, 52, said yesterday in an interview after announcing the agreement to buy the clothing comp... Read More