Markets

Supervalu Shares Are Exploding Higher

Shares in embattled grocer Supervalu are soaring after Dow Jones’ Sharon Terlep reports Cerberus Capital Management is in talks to buy the grocer (via Chicago Tribune’s Ben Estes).
Supervalu Shares Are Exploding Higher
Markets

Private Equity Giant Cerberus Is Selling Gunmaker After Newtown Shooting

[credit provider=”Academy” url=”http://www.academy.com/webapp/wcs/stores/servlet/Product_10151_10051_473701_-1″] (Reuters) – U.S. private equity firm Cerberus Capital Management said on Tuesday it will immediately begin selling its investment in gunmaker Freedom Group in light of last week’s school shooting in Connecticut.Pressure mounted on Cerberus as the California State Teachers’ Retirement System (CalSTRS) said on Monday it […]
Private Equity Giant Cerberus Is Selling Gunmaker After Newtown Shooting
Markets

Cerberus Investors Freak Out, Demand Their Money Back

Even though hedge funds are said to be recovering from last year’s bloodbath, “green shoots” are all over the place, and even jocks are finding it timely to launch some funds, clients of Cerberus Capital Management are erring on the safe side of the street, choosing to redeem most of […]
Cerberus Investors Freak Out, Demand Their Money Back
News

Cerberus CEO Stephen Feinberg Caught On Film

Cerberus CEO Stephen Feinberg is so committed to his firm remaining notoriously private that he once told staffers that he would fire kill anyone whose photograph was in the media. Uh-oh! Does this mean Feinberg has to fire kill himself? 
Cerberus CEO Stephen Feinberg Caught On Film
Markets

GMAC (GM) Wants To Be A Bank Holding Company

GM may get a a bailout even if lawmakers deny the Detroit automakers their own special bailout. This morning it announced that its financing unit, GMAC Financial Services, has applied to the Federal Reserve for designation as a bank holding company. That’s the first step in applying for a capital […]
GMAC (GM) Wants To Be A Bank Holding Company
News

Detroit Automakers Plan To Suck Up To Obama

After GM and Chrysler’s appeals to Washington last week for merger assistance were rejected, negotiations were put on hold until the next administration was elected. Obama seemed to offer the more Detroit-friendly proposals, so luckily he won. And now the automakers are trying to get him to help them make […]
Detroit Automakers Plan To Suck Up To Obama
News

Ask And You Shall Receive: Government Working On Bailout For GM, Ford

After pleading for government assistance after being unable to find the funds they needed to stave off bankruptcy, GM and Chrysler may be getting the bailout they asked for. Why not? After all, the government seems to be in the habit of handing out bailouts to practically everybody. And it’s […]
Ask And You Shall Receive: Government Working On Bailout For GM, Ford