March 7- U.S. medical devices maker Biomet Inc filed with U.S. regulators on Friday to raise up to $100 million in an initial public offering of its common shares as its private equity owners look to cash out. The company, which was taken private for $11.4 billion in 2007, said BofA Merrill Lynch, Goldman Sachs and J.P. Morgan were the lead underwriters to the offering.» Read More
Look below the surface of the $45b takeout of TXU and what do you see? A long list of concessions to help the deal sail through. But to find who really wins from these concessions, look a little deeper.
The President's Working Group (PWG) on Financial Markets has not pushed for new hedge fund regulations -- except for a rule that would raise the minimum net worth of investors to $2.5 million from $1 million. Even some PWG critics agreed with the suggested floor -- but Magnum Funds' David Friedland decried the "discrimination." The debate raged, on "Morning Call."
The President's Working Group put forward a set of guidelines they said would enhance information about the largely secretive investment pools.
Some in the U.S. Congress are discussing a so-called Passenger "Bill of Rights," which would legally bind airlines when their craft are delayed. Is this a good idea? Or merely an example of unnecessary and potentially stifling regulation? Read what some viewers had to say.
History shows that outraged citizens tend to drive reforms -- fast. It's no different with publicly traded companies -- like JetBlue Airways. David Neeleman, CEO of the beleaguered carrier, returned to CNBC to explain how his "Bill of Rights" may prevent last week's nightmare from recurring.
The "Bill of Rights" Kate Hanni supports doesn't concern free speech or search-and-seizure: it's more about breathable air and sanitary rest rooms -- and being released from a grounded airplane in no more than three hours. Hanni is the chairwoman of the Coalition for Airline Passengers, and she joined "Closing Bell" to talk about the aftermath of last night's grueling JetBlue faux pas -- and what she hopes will come of it.
There are preperation meetings over the weekend for the G8 Summit taking place this summer--and members are discussing proposals to make hedge funds more transparent. In the wake of last year’s big-name losses in private equity – Amaranth’s $6 billion loss grabbed the most headlines – the pressure is mounting for some type of hedge fund regulation.
History was made today at the New York Stock Exchange, when Fortress Investment Group made its Wall Street Debut, becoming the first major hedge fund to stage an initial public offering in the U.S. In the first minutes of trading, share price nearly doubled, with investors eager to grab a piece of the pie.
A protest in Washington may underscore public concerns about cloning, but the food industry is in no rush to bring cloned food to market. The FDA says cloning produces no health hazards and doesn't plan to require special labels for food derived from cloned animals.
The Tundra truck -- Toyota Motor’s postmodern combo of blue-collar ruggedness and advanced electronics -- goes on sale this week. How will top automakers confront the competition? That’s one question that drew CNBC’s Phil LeBeau to the Chicago Auto Show.
It's been a year since the Dubai Ports World (DPW) imbroglio. Tomorrow, Rep. Barney Frank, D-Mass., chairman of the House Committee on Financial Services, will convene the HCFS to ask the question: Have we learned anything? That's also what Rob Nichols and Gary Hufbauer are asking.
We’ve been telling you of the huge run-up in the Chinese stock market lately. It has had some froth let out in the past weeks, but the bubble still seems like it could burst for good any time now. Reporting for CNBC, Cheng Lei looked at the day-to-day trading environment in China.
China is experiencing a bull market unlike anything seen since the dot-com glory days of the late 1990’s in the U.S. But there could be a big "uh-oh" moment coming. Analysts, journalists, regulators, even the ruling Communist party, are beginning to take notice that the recent run-up in the Chinese stock market...
The U.S. Senate is almost through debating a bill to raise to the minimum wage. However--Republicans want to amend the bill with provisions including tax breaks for businesses in order to offset the costs of a higher minimum wage. Democrats don't want that. There's also a move to attach tax deferred compensation to the measure.
The House Committee on Oversight and Government reform is looking into allegations the White House tried to suppress information on global warming and climate change. This comes as President Bush just signed a directive that gives the White House much greater control...
Rumors about merger talks between pharmaceutical giants Sanofi-Aventis and Bristol-Myers have picked up speed after French financial newsletter La Lettre de I Expansion reported a deal was in the works. Thomas Burnett, director of research at Wall Street Access, was on “Morning Call” to give his take on the possible friendly takeover.
KB Home is joining what's becoming a long list of companies caught up in the stock back dating issue. The home builder announced that it's under formal investigation by the SEC for improper stock option practices. The company CEO Bruce Karatz resigned (or retired) last fall over the backdating issue. Right now--more than two hundred companies are under a similar microscope (including computer giant Apple).
Frank Quattrone, once the top investment banker in Silicon Valley until he was charged in 2003 with covering up IPO abuses, is planting the seeds of his comeback. Quattrone, who was cleared last year, spoke exclusively with CNBC Senior Correspondent Scott Cohn, his first interview in nearly four years.
Most everyone agrees that President George W. Bush must find common ground with congressional Democrats -- not to mention disaffected Republicans. But after last night's State of the Union address, several polarized camps seem to agree on only one thing: disappointment when it comes to solving America's energy problems.
"We can and must take prompt action to establish a coordinated, economy-wide market-driven approach to climate protection," the executives from a broad range of industries said in a letter to the president.