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Archive for April, 2006
Wednesday, April 5, 2006 Bank hires new gaming specialists By Ian Mylchreest Credit Suisse has hired some new talent for the gaming sector, reports the New York Times Dealbook. David Berman, Dean Decker, Sung Chun and Jonathan Rein will lead the Investment Banking Gaming coverage in the Real Estate group.
All four come from CIBC World Markets. This looks like a straight steal of the group, who [...]
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Tuesday, April 4, 2006 Merrill takes optional loss By Ian Mylchreest The investment bank has taken a big hit to its bottom line this quarter writing off $1.2 billion, or its entire anticipated profit, reports Reuters. The one-time charge is necessary to reconfigure stock options under new accounting rules.
The bank obviously gives out a lot of stock and needs to account for it now, and not [...]
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Tuesday, April 4, 2006 Smart & Final looks at the alternatives By Ian Mylchreest And as the Los Angeles Times reports, that usually means the company wants to sell itself. Experts tell the paper that the sale is needed to unshackle the chain from its uninterested French majority-owner.
This looks like another private equity play for a grocery chain but unlike some other supermarket buyouts, analysts say Smart & Final [...]
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Monday, April 3, 2006 A prick until the end By Steve Sebelius Breaking news: CNN just reported that U.S. Rep. Tom DeLay will announce at a news conference on Tuesday that he's abandoning his bid for re-election. (Insert "sweet justice" gloat here.)
According to CNN, DeLay, who has been indicted on campaign finance and money-laundering charges in a master scheme to boost the Republican majority — and [...]
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Monday, April 3, 2006 Golden State employers offer housing help By Ian Mylchreest The price of real estate in California has risen so high, reports the Los Angeles Times, that housing perks once reserved for senior executives are now becoming more routine for mid-level employees. That's the only way that employers can attract the workers they need when the median home price in the region hit $480,000 in [...]
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Monday, April 3, 2006 Mortgage blues By Ian Mylchreest Yet another report appears in USA Today about mortgage repayment problems. The core issue continues to be the adjustable rate mortgage that appeared so tempting to people needing money. As one borrower tells the paper: "At the time of the loan, they tell you, 'Well, it may go up, but it's probably going to go [...]
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Monday, April 3, 2006 French love their whine By Len Butcher Ahh, the French. Can they be any more whiney? Mais oui, certes! I‘m referring to the demonstrations we‘ve witnessed over the past week by French young people decrying the fact that they don‘t have any job security. Mon dieu, could this be true? I wonder what de Gaulle would say of this if he were [...]
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Monday, April 3, 2006 The race is on for Aztar By Ian Mylchreest A third company has decided that Aztar could make it a big boy on the Strip, reports Bloomberg. Now that Ameristar Casinos and Colony Capital are both in the race, Pinnacle's takeover deal appears to be in tatters - at least at the original $38 per share offer is.
On Friday, Colony offered $41 per share [...]
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