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Pfizer strikes deal to buy Wyeth
Steve Henn Jan 26, 2009
Pfizer announced a deal this morning to buy Wyeth for more than $68 billion, which it will do with the help of bailed-out banks. What does this say about the lending health of these banks? Steve Henn reports.
Sovereign wealth funds suffering
Sam Eaton Jan 23, 2009
Dubai investors who bought Barneys New York less than two years ago now want to put it up for sale. Sovereign wealth funds like Dubai's were once huge sources of cash for U.S. companies. But that's starting to change. Sam Eaton reports.
Pfizer may want to swallow Wyeth
Ashley Milne-Tyte Jan 23, 2009
Reports out this morning say mega pharmaceutical company Pfizer is in talks to buy competitor Wyeth in a potential $60 billion deal. Pfizer may be considering the move because it's running out of options. Ashley Milne-Tyte reports.
Chrysler and Fiat join forces
Ashley Milne-Tyte Jan 20, 2009
Chrysler and Italian carmaker Fiat have announced a partnership, but Fiat won't be helping by injecting the Detroit automaker with cash. Steve Chiotakis talks to Ashley Milne-Tyte, who is following the story.
Will other big banks need more help?
Mitchell Hartman Jan 15, 2009
With Bank of America seeking more TARP money to ease acquisitions of smaller competitors, can we expect banks such as J.P. Morgan Chase and Wells Fargo to request more bailout funds as well? Mitchell Hartman reports.
Citi's sell-off ushers in consolidation era
Steve Henn Jan 14, 2009
Citigroup's deal to spin off brokerage firm Smith Barney seems to be the company's first step in selling off businesses and assets that are pulling down the financial services giant. And Citi's deconstruction could lead to more consolidation. Steven Henn reports.
Chrysler looking to shed assets, too
Stephen Beard Jan 14, 2009
Chrysler is under pressure to sell off assets after its $4 billion bailout loan from the U.S. government. The automaker is said to be in talks with Renault-Nissan, which Renault-Nissan denies. Stephen Beard reports.
Citi could sell off several parts
Jeremy Hobson Jan 14, 2009
On the heels of its brokerage merger announcement, Citigroup is also expected to sell off several financial services to counter a potential $10 billion loss. Jeremy Hobson reports what the bank might be shedding.
Citigroup to announce brokerage deal
Jeremy Hobson Jan 12, 2009
Citigroup is expected to announce a deal to merge its brokerage house, Smith Barney, with Morgan Stanley. Inside sources say a deal is likely by the middle of the week. Jeremy Hobson reports.
Mergers still happening in 2009
Jill Barshay Jan 2, 2009
The credit markets may be stiff, but there's always money somewhere for mergers. And though they may not be the high-priced ventures of 2008, companies can still benefit from deals in the new year. Jill Barshay reports.
