Dealmaking in the energy sector has been red-hot lately, and now Schlumberger is getting into the action. The oil services giant agreed to buy Smith International for $11 billion, but the all-stock deal could hit serious antitrust challenges along the way.
Continue reading Schlumberger Bulks Up With an $11 Billion Deal for Smith International
Schlumberger Bulks Up With an $11 Billion Deal for Smith International originally appeared on DailyFinance on Sun, 21 Feb 2010 23:50:00.
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That market has been tough to crack and also risky. For example, late last week, one of Despite broad global experience, private equity firm Carlyle's investment in mobile-phone company Willcom has gone bust as the wireless provider has filed for bankruptcy. Still, Japan remains a promising market for private equity, and Carlyle certainly isn't going away.
Continue reading Carlyle Learns a Hard Lesson About Private Equity in Japan
Carlyle Learns a Hard Lesson About Private Equity in Japan originally appeared on DailyFinance on Sun, 21 Feb 2010 17:40:00.
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The Fed's surprise move to raise its discount rate is just the latest event that unnerved investors. But a closer look at what's happening in the U.S., China and Europe suggests that after years of economic crisis, things are starting to work the way they're supposed to again.
Continue reading Fearful Investors Are Missing Early Signs That 'Normal' Is Making a Comeback
Fearful Investors Are Missing Early Signs That 'Normal' Is Making a Comeback originally appeared on DailyFinance on Sun, 21 Feb 2010 15:00:00.
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Economy,
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A National Governors Association report based on findings from 45 state treasurers shows that states, despite having made deep expense cuts, face widening budget gaps in the coming years. In 2011, total deficits in those 45 states are predicted to reach $53.6 billion.
Continue reading Governors' Gathering Hears That Worse Deficits Are Coming
Governors' Gathering Hears That Worse Deficits Are Coming originally appeared on DailyFinance on Sun, 21 Feb 2010 10:40:00.
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Economy
Buying a single stock ties your fate to the ups and downs of one company. You can moderate this risk but still aim for your target by investing in an exchange-traded fund focused on a particular sector. With ETFs for just about every sector, how do you begin to choose? We'll tell you how.
Continue reading How to Become a Savvy Investor in Sector ETFs
How to Become a Savvy Investor in Sector ETFs originally appeared on DailyFinance on Sun, 21 Feb 2010 09:00:00.
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Investing,
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Investing Basics
More studies are confirming what's becoming increasingly obvious: Wealthy U.S. households have pulled away from the pack, leaving average- and lower-income groups far behind. Ownership of financial assets plays a key role in this growing imbalance.
Continue reading Are the Rich Getting Richer? The Data Say Yes
Are the Rich Getting Richer? The Data Say Yes originally appeared on DailyFinance on Sun, 21 Feb 2010 08:00:00.
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Economy