GE obtains approval from the Federal Trade Commission for its purchase of Lufkin pumps. General Electric Co obtained antitrust approval to purchase oilfield pump manufacturer Lufkin Industries Inc.
Investors
Buffett Announces Berkshire Record Earnings
Berkshire Hathaway reports record earnings for its shareholders in meeting with Warren Buffett. In the announcement during its shareholders meeting held at Omaha, Nebraska last Friday, Warren Buffett said that quarterly profit rose nearly 51% on solid performance of its investments in insurance and other businesses, together with revenues from derivatives.
Claire's Inc Prepares for IPO
Claire's Inc prepares for IPO expecting a return in the upwards of US$100 million. Claire's Inc, the private equity backed retailer of jewelry and accessories, has filed an application with government regulators to raise up to US$100 million in an initial public offering of its common shares of stock.
Loans Top Choice in Unstable Markets
Loans remain the safest route for financing during unstable markets. A crackdown on bank lending similar to regulations have not barred corporate funds from plunging itself into the loan markets.
Junk Markets Make Hay While Yield Seekers Come
Junk rated companies are riding the crest of yield seeking investors, regardless of the risks. The current European economic crisis has moved a rate cut this week, but this did not hinder the unstoppable search for profit from many fund managers.
Latest News
Charlie Ergen may be the face of Dish Network but Tom Cullen is the muscle behind the push for wireless technology.
Mike Brown did the work and now has US$33 million for Bowery Capital. Mike Brown has spent the past year making trips to small rural towns and has spent many weeks in cities from the west to the east.
Checkview recently concluded transfer and acquisition of Checkpoint. In an announcement made by Checkpoint Sytems, Inc today, it disclosed that the sale of its Canadian and US Checkview organization to an associate of Platinum Equity was recently concluded.
Qiwi, the payment solutions provider from Russia, is set to do an IPO at Nasdaq. Qiwi Plc, the Russian instant payment operator is now in the process of conducting an IPO at the Nasdaq Stock Market.
CTPartners acquires Augmentum for an undisclosed amount. CTPartners Executive Search Inc, a publicly listed company in the NYSE, has announced that it has purchased Augmentum Consulting Ltd, the premier executive search firm in London.
Plexus Capital raises US$150 million with an equal counterpart from the Small Business Association to create Plexus Fund III worth US$300 million.
Klockner Pentaplast to issue notes worth Eur225 million. The largest producer of rigid plastic film for packaging purposes, Klockner Pentaplast, has set the price of Eur225 million in Senior PIK notes due on 2017 with an interst rate of 10.
Netchemia receives investment from Mainsail in the amount of US$6.5 million. In an announcement made today by Netchemia LLC, it disclosed that Mainsail Partners gave its company an equity investment amounting to US$6.
BC Partners offered over US$1.3 billion for Allflex. On Friday, Electra Partners announced that BC Partners offered US$1. 3 billion to purchase Allflex.
