Since August 2007, the pace of withdrawn mergers has risen sharply, largely due to the difficulty in financing deals and the erosion of stock values that dropped along with the market.
Casino and racetrack operator Penn National Gaming said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit markets and weak U.S. economy.
Following are the day’s biggest winners and losers. Find out why shares of Alcoa and Blockbuster popped while Clearwire and Vimplecom dropped.
For the week ending Friday, March 28, 2008 the US Markets ended mixed after starting on a high note Monday extending last week's market rally. The winning streak came to an end on Tuesday when the Dow closing down for the first time in three sessions. The NASDAQ had the strongest performance of the week managing a positive gain despite weak earnings from Oracle and poor performance from Google . Economic data dragged on the markets with consumer sentiment and confidence at low levels and negative housing data.-Next week the markets will watch Friday's jobs report for evidence of recession, and any revisions on guidance as we move into earnings season. Alcoa kicks off "official" earnings season on Monday, April 7th after the bell. The big companies for next week all hit on Wednesday with RIM , Monsanto and Best Buy all reporting earnings.
What are the most solid trades in a landscape of shaky deals?
In Tuesday’s Web Extra the traders reveal how to play coke -- as in coal. Also find out how Karen Finerman feels about FIG.
Strong growth in Latin America should take this ag machinery company higher.
In Friday's Web Extra, the traders reveal how they're playing housing data as well as quarterly earnings from Oracle and Fortress in the week ahead.
Surprise, surprise. Another CEO could get a massive payout despite his terrible performance.
Fortress Investment Group came to market at private equity's peak. Too bad no one but the company knew the party was over.
As Castro Announces his Retirement at 81, the stocks that could benefit.
Top government and private-sector executive discussed derivatives and analyzed the recent financial crisis. ECB chief Trichet says turbulence won't dictate rates, JPMorgan Chase boss Jamie Dimon says such crises are cyclical, but nobody mentions the fraud at Societe Generale.
Here's our Fast Money Final Trade. Our gang gives you tomorrow's best trades, right now!
The guys who run these companies are smart. But the investors who own these stocks? Not so much.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hedge fund and private equity company Fortress Investment Group reported a third-quarter loss on Tuesday, hurt by a special charge.
The financial sector continued their decline on news that Citigroup CEO Charles Prince resigned. In spite of the bank downturn some technology stocks continue to make gains.
Nationstar Mortgage, the subprime unit of Fortress Investment Group, said it is no longer accepting new loan applications from brokers, a signal the lender is winding down operations.
More credit problems surfaced in the financial sector on Tuesday, battering stocks and fueling worries that things will get worse before they get better. "The market is still jittery," said Stephen Porpora, managing floor broker with William O'Neil. "Everybody's looking for the next shoe to drop in this subprime problem."
Stocks closed sharply lower, with the Dow dropping more than 200 points, amid continuing anxiety about the credit markets and a weak earnings outlook from Wal-Mart. "I still feel the market is headed for a lower low," said Byron Wien, chief market strategist at Pequot Capital Management.
Private equity and hedge fund firm Fortress Investment Group on Tuesday posted a wider loss for the second quarter, as compensation expenses rose dramatically.