| Dog Days at Cerberus
When that failed, Cerberus abandoned the deal on Nov. 14, just days before it was set to close. The news chopped $1.2billion off United's market value. Two days later, United sued a Cerberus-affiliated group for pressuring its board to accept a lower price. That isn't the only headache for Cerberus these days. In recent months two of its other deals have fallen apart, several investments have soured, and the problems at its big plays, Chrysler and GMAC, have worsened. In hindsight, Cerberus' bets on housing, financials, and autos look perilous. It bought GMAC Financial Services, which owns a mortgage lender, as the real estate bubble was bursting. Now, say sources close to Cerberus, the $26 billion firm has slowed its pace of dealmaking with the credit crunch in full force.
Carlyle's fund cound cash in on privatizing
The Washington buyout firm has raised $1.15 billion for an infrastructure fund that it will use to partner with federal, state and local governments in running vital public projects in the United States, including water and sewer systems, bridges, tunnels, highways and airports. Carlyle and other investment firms see themselves as part of the solution for governments facing declining tax revenues and a troubled municipal bond market that has left them unable to complete or repair billions of dollars in public works projects. Robert Dove, who is co-managing Carlyle Infrastructure Partners, says his team can run most airports, highways and water systems better than the public authorities and governments now doing the job – and make a profit for investors to boot.
HSHS Selects Medicity for Consolidated Clinical Record and Physician Portal
Hospital Sisters Health System (HSHS) today announced a contract with Medicity, Inc., effective Dec. 5, 2007, to configure a comprehensive, electronic-heath-record solution for its 13 hospitals in Wisconsin and Illinois. Medicity, a Salt Lake City-based health information software firm, will deploy its ProAccess(TM) clinical application suite and MediTrust(TM) interoperability platform to better serve HSHS patients and physicians by improving the quality, timeliness, and availability of healthcare information exchanged in and among its service communities. .
Geometric Software Solutions, Ltd. Adds New Functionality with NestLib ...
Geometric Software Solutions (NSE: GEOMETRIC), a leader in product lifecycle management (PLM) services and technologies, announces the release of NestLib Library version 18.5. NestLib is one of the most successful technologies available in the market known for it's robustness, and can be easily customizable to suit your industrial requirements. NestLib focuses on saving costs by optimizing material utilization while fitting two-dimensional shapes on sheets for metal cutting machines. Mumbai, India (PRWEB) August 14, 2006 -- Geometric Software Solutions (NSE: GEOMETRIC), a leader in product lifecycle management (PLM) services and technologies, announces the release of NestLib Library version 18.5. NestLib is one of the most successful technologies available in the market known for it's robustness, and can be easily customizable to suit your industrial requirements.
BHP's Kloppers certain bid will be hailed
Rather than Caesar's inhumanity, the inspiration for BHP's acquisition team is no doubt Caesar's strategic genius, and his ability to move quickly and do the unexpected. And certainly Kloppers' $150 billion move on Rio only a few weeks after becoming CEO was certainly unexpected. The problem is that while Rio boss Tom Albanese has put on his best armour, setting out an aggressive standalone growth plan and cost savings, unlike Vercingetorix he has no intention of giving up his sword. Far from surrendering, he is inspiring the troops. And he is certainly the man for the job. Like Kloppers, Albanese has been in charge only a short time at Rio and is using that newness to ditch Rio's traditional conservatism on its prospects. Instead, he is being more aggressive in outlining the company's growth plans and shareholders are clearly impressed.
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