take-control

Video: Ireland’s Government Takes Control of Allied Irish

by on December 23, 2010

Dec. 23 (Bloomberg) — Bloomberg’s Elliott Gotkine discusses Ireland’s decision to take control of Allied Irish Banks Plc, the nation’s second-largest bank, without shareholder approval. Finance Minister Brian Lenihan will inject 3.7 billion euros ($4.8 billion) into the Dublin-based lender and raise the government’s stake to 92 percent from 19 percent. Gotkine speaks with Betty Liu on Bloomberg Television’s “In the Loop.” (Source: Bloomberg)

Read the original post:
Video: Ireland’s Government Takes Control of Allied Irish

Video: Frank Keating Says U.S. Budget Needs `Radical Surgery’

by on December 3, 2010

Dec. 3 (Bloomberg) — Frank Keating, the former Oklahoma Governor who has been named the next chief executive officer of the American Bankers Association, talks about his work on the Bipartisan Policy Center’s proposal for changes to the U.S. budget. Keating, who is scheduled to take control of ABA on Jan. 1, speaks with Pimm Fox on Bloomberg Television’s “Taking Stock.”(Source: Bloomberg)

See the original post:
Video: Frank Keating Says U.S. Budget Needs `Radical Surgery’

Obama: GOP Will Undo Financial Reform

October 25, 2010

In his weekly Saturday address, President Obama warned that if Republicans take control of Congress this November, they would repeal consumer protections in the Frank-Dodd financial regulatory reform legislation, which he called “one of the most important victories” he has achieved in office.

Read the full article →

Video: Tennenbaum Says $50 Bln of Distressed Debt Could Default: Video

September 30, 2010

Sept. 30 (Bloomberg) — Michael Tennenbaum, founder of Tennenbaum Capital Partners LLC, discusses the outlook for distressed debt. Tennenbaum says $50 billion of distressed debt could default in the next two years, creating opportunities to take control of companies. (Source: Bloomberg)

Read the full article →

Video: Elliott Says Mining Tax Agreement Has `Unleashed’ Deals: Video

July 4, 2010

July 5 (Bloomberg) — Mike Elliott, Sydney-based global mining and metals sector leader for Ernst & Young LLP, speaks with Bloomberg’s Susan Li about Australia’s planned resources tax. Prime Minister Julia Gillard agreed to cut the planned tax to 30 percent from 40 percent and raise the levy’s trigger level, a week after ousting Kevin Rudd as the nation’s leader to defuse a row that’s damped the government’s election prospects. Elliott also discusses the outlook for the mining industry, and Banpu Pcl’s agreement to pay A$2 billion for the 80 percent of Centennial Coal Co. it doesn’t own to take control of thermal and coking coal mines in Australia. (Source: Bloomberg)

Read the full article →

Video: Le Monde Accepts French Trio’s Offer, Snubbing Sarkozy

June 29, 2010

June 29 (Bloomberg) — Bloomberg’s Elliott Gotkine reports from Paris on the sale of the French national newspaper Le Monde. A group of investors, which includes Yves Saint Laurent Group partner Pierre Berge, Internet billionaire Xavier Niel and Lazard Ltd. banker Matthieu Pigasse agreed to pay 110 million euros ($135 million) to take control of the 65-year-old Paris afternoon daily, helping it avert a capital crunch.

Read the full article →

Yahoo Sells HotJobs To Monster For $225 Million

February 3, 2010

SUNNYVALE, Calif. — Yahoo is selling its online help-wanted site, HotJobs, to rival Monster Worldwide for $225 million in cash. The deal announced Wednesday reflects HotJobs’ diminishing value as the high unemployment rate undercuts the demand for help-wanted advertising. Yahoo bought HotJobs for $439 million in 2002. The sale is part of Yahoo’s effort to jettison services that aren’t doing well or don’t fit with its focus on news, entertainment and communications. As part of the deal, Monster.com will provide Yahoo with job listings and other employment content. Monster hopes to take control of HotJobs between June and October.

Read the full article →

GMAC posts smaller net loss in 3rd quarter on improved results in …

November 4, 2009

May 9th, 2009 How could a government-run GMAC reshape car sales ?DETROIT — With the federal government almost certain to take control of GMAC Financial Services, analysts suggest it could become a loan machine that gives General Motors and Chrysler a … GMAC says 1st -qtr loss widens to $675M as credit markets weigh on auto, mortgage businesses. May 6th, 2009 GMAC won’t necessarily follow GM to Chapter 11NEW YORK — GMAC Financial Services said Tuesday that it will not be …

Read the full article →

Toll Holdings to take control of Footwork Express

October 13, 2009

Toll Holdings to take control of Footwork Express

Read the full article →