The high cost of spending

Source: The Washington Post

T hree years ago, the Pentagon began cancel- ing the Army’s ambitious modernization program, which would have cost billions and created a sophisticated network of vehicles, drones and radios. ¶ This kind of cut might appeal to politicians c ...
Full article at: The Washington Post  More like this  2 days ago, 2:08pm CDT

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Management Buyouts Can Be Too Cozy

Source: Dealbook

Jerry Cleveland/The Denver Post, via Associated PressTimothy Marquez, chief executive of Venoco, has made an offer to buy the company. Some corporate decisions leave you wondering what the board might have been thinking at the time. ...
Full article at: Dealbook  More like this  2 days ago, 1:59pm CDT

Gen-Probe Remains Neutral - Analyst Blog

Source: NASDAQ

We reiterate our Neutral rating on Gen-Probe Inc. ( GPRO ) . Its first-quarter 2012 adjusted earnings of 55 cents per share beat the Zacks Consensus Estimate of 51 cents. Revenues of $153.4 million were ahead of the Z ...
Full article at: NASDAQ  More like this  2 days ago, 12:29pm CDT

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Bank of America, Barclays sell Archstone stake

Source: NCB-WCNC Charlotte

NEW YORK (AP) -- Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion. The transa ...
Full article at: NCB-WCNC Charlotte  More like this  2 days ago, 8:01am CDT

Equity Residential Enters into Agreement with Owners of Archstone Equity Residential to Receive $150 Million

Source: iStockAnalyst

Equity Residential (NYSE: EQR) today announced it has entered into an agreement with the owners of Archstone, a privately-held owner, operator and developer of multifamily apartment properties, which will result in the company rec ...
Full article at: iStockAnalyst  More like this  2 days ago, 6:29am CDT

Lehman Brothers to Acquire Partners' Remaining Stake in Archstone

Source: iStockAnalyst

Lehman Brothers Holdings Inc. announced today that it has exercised its right of first offer to purchase the remaining stake in Archstone held by affiliates of Bank of America and Barclays Capital (“the Banks”), which will give Lehman full ownersh ...
Full article at: iStockAnalyst  More like this  2 days ago, 6:29am CDT

M&A watch: Eaton moves to Ireland with Cooper Industries acquisition

Source: Westlaw Business Currents

(Business Law Currents) Eaton Corporation, the Ohio-based industrial components manufacturer, has agreed to make an $11.8 billion recommended cash and share offer for electrical equipment manufacturer Cooper Industries. Wachtell, Lipton, Ros ...
Full article at: Westlaw Business Currents  More like this  2 days ago, 2:42pm CDT

T-Mobile: Sorry You Lost Your Job And Had To Move, Here's Your $500 ETF Bill

Source: Consumerist

My wife lost her job at the end of 2011 when her former employer was acquired in a buyout. After two months of seeking a job, she found an opportunity out of state in Nebraska. While staying in Chicago would have been ideal, we de ...
Full article at: Consumerist  More like this  3 days ago, 11:35am CDT

Straight Talk: It could let you dump AT&T or T-Mobile

Source: jkOnTheRun

Since trying the service, I’ve received a number of questions about it and the company noticed. So in order to help me answer them intelligently, Straight Talk sent me a loaner unlocked iPhone 4, two AT ...
Full article at: jkOnTheRun  More like this  3 days ago, 2:39pm CDT