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.
Investors looking for opportunity in a distressed market can find it in cheap company debt. But buyer beware: Something put that company into trouble to begin with, and it's wise to understand what. Mitchell Hartman reports.
The credit crisis foiled about 1,300 mergers this year, worth a total of about $900 billion. Investment bankers were hurt by the failed deals, but Stephen Beard reports this could help them get a strong leg up for 2009.
About 18 months ago Australian mining giant BHP Billiton decided it was a good time to get bigger. It launched a hostile bid for its smaller British rival Rio Tinto — a $200 billion deal. But today BHP walked away. Dan Grech reports.
BHP is blaming the global financial crisis and regulatory worries for not going through with its original multibillion-dollar bid for Rio Tinto. Kyle James reports why steelmakers are breathing a sigh of relief.
The mining company BHP Billiton dropped its hostile bid today for rival Rio Tinto — good news to steel companies opposed to the move. Scott Jagow talks to economist Bob McKee in London on why the merger didn't go through.
Citigroup stocks were selling at a dizzying pace on reports that the troubled company might be considering a merger. How did things get so bad for Citigroup so quickly? Ashley Milne-Tyte reports.
With its stock having lost more than a quarter of its value on Thursday, Citigroup looks like it could be in talks for a merger or sale. The company's board reportedly will meet today. Janet Babin has the story.
Federal regulators are glad to see the Google/Yahoo ad partnership fail because they feared less competition would make online ad sales expensive. Janet Babin reports consumer advocates are happy for another reason.
