Uploaded by FinancialNewsOnline on Nov 18, 2011
This is what's in the news for Friday, November 18th. The Wall Street Journal reports that Silver Lake Partners may not be among the best known private-equity firms, but it could pull off a takeover, and turnaround, of Yahoo (NASDAQ:YHOO). The Wall Street Journal reports that investors are losing patience with Alcatel-Lucent (NYSE:ALU) CEO Ben Verwaayen and his effort to turn around the telecommunications-equipment maker as shareholder pressure on the board to replace him runs high. Reuters reports that Standard & Poor's plans to update its credit ratings on the world's 30 largest banks within three weeks and could downgrade some. Speculation centers around Bank of America (NYSE:BAC), Citigroup (NYSE:C) and Morgan Stanley (NYSE:MS). Finally, Bloomberg reports that Green Mountain Coffee Roasters (NYSE:GMCR) will lose the main patents on its single-serve K-Cups on September 16, 2012, and competitors can make their own versions.
No comments:
Post a Comment