SAMAR (Free subscription) | 11/19/2008
Mazda Motor Corporation (Mazda) has announced today that Mazda and several of its strategic business partners will acquire a part of Ford Motor Company’s (Ford) shares in Mazda through market trading.
TODAY ON ROADST3R - Car STORIES (Free subscription) | 11/18/2008
In an effort to boost capital while simultaneously distracting auto journalists by waving a bright, shiny and colorful new toy around, Ford today authorized Mazda to buy back approximately 20% ( around 96,802,000 shares ) of the 33.4% stake the Dearborn-based automaker holds in the Japanese car manufacturer....
Banking Business Review (Free subscription) | 11/17/2008
HSBC Overseas Holding UK has completed the divestiture of its ownership stake in Financiera Independencia, a Mexican microfinance lender of personal loans to lower income segment individuals.
CARSCOOP (Free subscription) | 11/18/2008
Following in the footsteps of GM which announced on Monday the sale of its 3% stake in Japanese carmaker Suzuki for $230m, Ford said that it will sell a portion of its ownership stake in Mazda in a desperate attempt to raise cash to survive through the economic crisis. The troubled U.S. automaker, which owns 33.4% of Mazda, will sell about a 20%...
PersonaNonData (Free subscription) | 11/19/2008
As an update to yesterday's post about RBI's CEO van de Aast, Bloomberg is reporting that bids may come in at around $1bill. which is half the amount expected. What is unknown is whether that figare assumes an ownership stake in the divested business. For example, if Reed retained a 40% ownership in RBI (admittedly a lot) then this would translate to a value of $1.4billion which...
Abovethelaw.com (Free subscription) | 11/20/2008
The economy is in the toilet and law firms are scrambling to adjust. Usually this means "firing associates," but DLA Piper has done something really interesting and brought changes to the partnership instead of firing associates: Some 275 "income" partners who don't have an ownership stake will be invited to join the ranks of 300 equity partners, provided each makes a capital contribution...
Creeping Sharia (Free subscription) | 11/20/2008
On November 10, 2008, the Federal Reserve and the Treasury Department decided that they were going to use American taxpayer money to buy ownership in something against America's values of equality and liberty – by purchasing ownership in a company with a Sharia-Compliant Finance (SCF) based business.
Amateur Asset Allocator (Free subscription) | yesterday
... system of personal accounts to shore up the treasury’s balance sheet and give Swedish citizens an ownership stake in their own retirement. There are a few important lessons we should learn from the Swedish experiment before attempting to implement a personal account system of our own. Limit Investment Options - When personal accounts were launched in Sweden, over 400 mutual funds...
AUTOinCAR (Free subscription) | 11/18/2008
– Ford Motor Company said it will sell a portion of its ownership stake in Mazda Motor Corp., and the two companies will continue their successful strategic relationship. The ratio of Ford’s ownership of Mazda stock has been reduced from 33.4 percent to just over 13 percent. – The action is in line with Ford’s [...]
Bumpshack (Free subscription) | 11/17/2008
The SEC (Securities and Exchange Commission) has charged entreprenuar/NBA owner Mark Cuban with insider trading according to the Wall Street Journal. The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, [...]
Lou Krieger's Poker Blog (Free subscription) | 11/18/2008
Former Full-Tilt member Clonie Gowen brought a $40,00,000 lawsuit against FTP for breach of contract, alleging she is owed a 1 percent ownership stake promised her during a phone conversation with Full Tilt executives. This oral agreement is not supported by a written contract, which makes the existence of a legal contract tougher to prove. The alleged oral contract was executed in 2004...
The Big Lead (Free subscription) | 11/17/2008
Mark Cuban Busted: For insider trading. ”The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that Mamma.com was raising money through a private investment in a public entity, or PIPE. The next day, on June 29, the company announced the PIPE financing and [...]
Reverent & Free (Free subscription) | 11/18/2008
Mark Souder sees Reds everywhere: Congressmen Mark Souder says he can’t vote for a bill that would allow the government to take an ownership stake. “I want to help GM, Ford, and Chrysler,” said Souder. “But I don’t want the government becoming an actual business partner in the companies.” Supporters scrabble to find support across the isle to prevent an expected filibuster. Between a...
The Corner (Free subscription) | 11/18/2008
A great idea from Frum: In fact, here's a very practical immediate suggestion for Republicans: How about a law forbidding campaign contributions by officials of companies in which the federal government holds an ownership stake? Otherwise, banks will be giving massive amounts of money to politicians who have given even more massive sums to the banks. A Democratic Congress may refuse to...
Hollywood Grind (Free subscription) | 11/18/2008
Mark Cuban, who made his money talking Yahoo into buy Broadcast.com for $6 billion, just had charges filed against him for insider trading by the SEC (Securities and Exchange Commission). The WSJ reports: The SEC alleges in a civil action that Mr. Cuban sold his entire 6% ownership stake on June 28, 2004, after learning that [...]
