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Fancy footwork from more private equity funds

November 19, 2008 — 12:18pm ET | By Jim Kim
We noted recently that private equity firm Apollo has been among the most active beneficiaries of PIK toggle features in bond issues. Which basically allow portfolio companies to pay interest with... Read more...

Should Bank of America walk away from Countrywide?

May 6, 2008 — 6:59am ET
MarketWatch notes that Countrywide is a bad position. Basically, its debts exceed its assets. Negative equity, of course, doesn't exactly speak well for the mortgage giant's future. Of immediate... Read more...

ALSO NOTED: Merrill may take $4 to $5 billion write down; Rumors lash Lehman Brothers again; and much more...

March 28, 2008 — 7:59am ET
Company News: > Analyst: Merrill may take $4 to $5 billion write down. Read more...

The mystery of Merrill Lynch's stock drop

March 10, 2008 — 7:59am ET
Merrill Lynch's stock mystified many last week, the AP notes. Many assumed its plunge was related to the fact that it changed the... Read more...