We (the taxpayers)  paid some of the $50 billion to bail General Motors out of its bankruptcy misery last year.  Now, the former American industrial icon is going to launch one of the biggest U.S. IPOs  of the decade. According to estimates by Independent International Investment Research, GM’s...

AgBank and its IPO price guessing game coupled with an exclusive interview with Neuberger Berman President Joseph Amato are the highlights of the day. *  Even as Neuberger Berman celebrates its first year as a private and independent firm, the money manager’s executives are moving toward an initial...

A joint Senate-House of Representatives conference committee convened at 2:15 p.m. EDT to begin merging competing bills from each chamber into what will be the biggest overhaul of the financial rules since the 1930s. Columnist John Kemp explains the simple conference process and the not so simple reality...

As Wednesdays go, this must be one of the best in a while for activist investor Carl Icahn. He’s getting two board posts at Genzyme, for which he is dropping his proxy battle, and he has charmed the Canadians into approving his tender offer for Lions Gate Entertainment, for which all he had to do was...

You couldn’t accuse former Marsh & McLennan CEO Michael Cherkasky of wandering too far from his knowledge base. Though he may not have been able to shine at Marsh, he seems to have not only found kindred spirits in private equity firm Providence Equity Partners, but he may have gotten them a steal...

Stifel Nicolaus analyst Greg Mason says American Capital now faces less risk of bankruptcy than it did just a day ago. And although he wouldn’t say it, the highly rated analyst himself may be the reason for the business development company’s apparent reversal of fortunes. Mason, who has a...

American International Group CEO Robert Benmosche asked the insurer’s board for time to explore options besides a public offering for its Asian life unit after a $35.5 billion deal to sell it to Prudential fell apart, a source familiar with the matter tells Paritosh Bansal. Benmosche wanted to...

Hot Pink apparently. Former hedge fund manager Art Samberg resurfaced on Wednesday at a UJA-Federation charity event in New York,  less than a week after he and his former firm Pequot Capital Management agreed to pay $28 million to settle insider trading allegations. At the event to get an appreciation...

With the luxury of hindsight, Saks Chief Executive Stephen Sadove said he wouldn’t hesitate to repeat the big markdowns of the 2008 holiday season if faced with the same tough environment that made the retailer the poster child of recessionary sales. “It was the right thing to do to generate...

As an investment strategy, making private equity and hedge fund managers rich is a probable loser. As a tax policy, it is a guaranteed one. The U.S. House of Representatives passed a bill last week that would raise the taxes that private equity and other investment managers pay on “carried interest,”...