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Morgan Stanley shares reflect fearful environment

How trigger-happy are the markets right now? Just ask Morgan Stanley. Its shares plunged about 40 percent in one day earlier this week, as fears arose that the $9 billion investment from Mitsubishi... Read more...

Oaktree raises massive distressed debt fund

We've noted that valuations have improved for some on-the-brink debts as of late, notably leveraged loans and some credit default swaps. The trading psychology seems to be improving in part because... Read more...

More on private equity and banks

Private equity funds traditionally have not had a lot of time for public investments (not enough control for them) and financial... Read more...

Lehman Brothers raises $3 billion

So who invested in Lehman Brothers? That's the big question. All we know is that Lehman intends to raise $3 billion from American institutions, not sovereign wealth... Read more...

Small deal market still thriving

The plunge in financial sponsor activity fortunately has not proven contagious for really small deal makers. While big and mid-market deals continue to fall, those worth less than $100 million... Read more...

How much private equity blood will spill?

Blackstone Group's 90 percent plunge in first quarter profits sent another shudder down the spine of the private equity industry. The Carlyle Group's credit fund woes certainly aren't helping things,... Read more...

Lehman to lay off another 5 percent

We've been telling people to expect a whole lot more layoffs.... Read more...

The mystery of Merrill Lynch's stock drop

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...