Pilgrim’s Pride, the poultry producer that filed for bankruptcy protection late last year, said Wednesday it agreed to sell a majority stake of itself to a Brazilian beef producer as part of plan to emerge from Chapter 11.
Sen. Edward M. Kennedy leaves a long legislative legacy that extends even to corporate bankruptcy: His amendment to a 2005 law sought to stop big bonuses for executives at companies in Chapter 11.
As the Federal Deposit Insurance Corporation meets this week, one analyst is projecting that its insurance fund has dipped below $4 billion because of a string of costly bank rescues.
Five years ago today, Google sold shares to the public for the first time, amid lots of skepticism about how the offering was being handled and whether the Web search company was overhyped and overvalued.
Carl C. Icahn, the billionaire investor known for shaking up companies, is sounding as feisty as ever as he seeks to quash a lawsuit that a hedge fund has filed against him.
How many spreadsheets did it take to restructure General Motors? The answer is more than 4,000 — and that just counts the ones created or reviewed by the bankers at Evercore.
Goldman Sachs, which reported huge profits in the second quarter, said in a regulatory filing that it has received inquiries from government agencies about compensation and credit derivatives.
Profits at Goldman Sachs have made a roaring comeback — and it seems that the Wall Street firm’s legendary bonus pool has as well.
A long-discussed change in how company directors are elected will soon become reality. And if you ask Kathleen L. Casey, a commissioner at the Securities and Exchange Commission, that’s not good news.
Lawyers for Bernard L. Madoff, who has confessed to running what may be the biggest Ponzi scheme in modern history, asked a judge for leniency when he imposes a sentence on Mr. Madoff at a hearing next week.
U.S. Bancorp and BB&T became the first large financial institutions to announce they had repaid the government in full for the preferred shares it bought under the bailout program.
As President Obama proposes to overhaul the financial regulatory system, banking analysts at RBC Capital are pointing out several changes that aren’t likely to be in his plan — but should be, in their view.
The Managed Funds Association, a major trade group for the hedge fund industry, has hired the powerhouse K Street lobbying firm Brownstein Hyatt Farber Schreck to press its interests on Capitol Hill.
Ronald O. Perelman, the billionaire and cosmetics mogul, knows a thing or two about messy breakups. This time, though, his stormy separation involves a former business partner, not a former love interest.
Update | 3:56 p.m. It’s a big day for William A. Ackman, and not just because he, a hedge fund boss, turned 43 today. Mr. Ackman took to the lectern Monday to make his case that Target’s shareholders should sweep out four current board members in favor of his nominees.
“Target is not Gucci,” [...]
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