NEWS
By New York Times News Service | November 22, 2008
NEW YORK - With the sharp stock market decline for Citigroup rapidly becoming a full-blown crisis of confidence, the company's executives entered into talks with federal officials yesterday about how to stabilize the struggling financial giant. In tense meetings and telephone calls, the executives and officials weighed several options, including whether to replace Citigroup Inc.'s leadership or sell all or part of the company. Other options discussed included having the government try to steady Citigroup with a public endorsement or a new financial lifeline, people involved in the talks said.
NEWS
By Andrea F. Siegel | July 20, 2008
The brick townhouse is a bright eight-year-old end unit with a list of upgrades - $10,000 in plantation shutters alone - and tasteful decor. Outside, it has a deck screened for privacy; inside, it has a big kitchen island. It's also in a convenient location, all likely pluses. However, condos and apartments recently replaced the trees that were behind it and a dozen other townhouses are for sale in this Owings Mills complex, including three end units. All factors likely to limit its appeal.
NEWS
By Andrea F. Siegel | December 2, 2007
There'll be cooking going on, Christmas lights going up, festive ribbons going around gifts. And, perhaps, company going in and out. Potential buyers may see some or all of that if they size up the Bolton Hill home of Drs. Ann Halbower and Rubin Tuder during the holiday season. The couple yearn less for Santa and more for a buyer for their Baltimore house, which has been on the market since September. Although this is the time of year when home buyers are rumored to hibernate before re-emerging when the weather warms, the couple are looking for someone willing to make a change in the cold weather like themselves.
NEWS
By Andrea F. Siegel | September 7, 2007
Owners of the legendary Club 4100 in Brooklyn Park were negotiating with potential buyers late yesterday after a morning auction failed to produce a winning bid. "We withdrew it at $650,000," said auctioneer Andrew J. Billig, who said owners Manny and Dino Spanomanolis, who want to retire, "were not going to let it go" at that price. He would not identify the potential buyers but said negotiations were particularly "close" with one. The auction of the 48-year-old former hangout of Johnny Unitas and other Baltimore Colts drew more than 200 people, a handful of them bidders.
NEWS
By Rick Popely | June 2, 2007
Despite a record U.S. population and more licensed drivers than ever, sales of new vehicles slipped nearly 3 percent last year to their lowest level since 1998 and are down the same amount this year. Analysts and auto manufacturers point to several factors for the sales slide, including high gas prices, sagging home values and sluggish economic growth. But those who study car-buying habits see another factor keeping a lid on car sales: the aggressive borrowing habits of consumers today.
NEWS
By Allison Connolly | April 17, 2007
Officials from Chicago-based Esmark Inc. toured Sparrows Point yesterday, the latest in a string of potential buyers that have filed through the Baltimore County steel plant in the past two weeks. Netherlands-based Mittal Steel Co. NV, which must sell Sparrows Point to abide by a Justice Department ruling, has been tight-lipped about who has come through the plant. Workers say the tours are led by managers, who refuse to disclose who the interested parties are. Esmark's chairman and chief executive officer, James P. Bouchard, confirmed yesterday that he was at the plant for a tour.
NEWS
By Bloomberg News | April 11, 2007
FORT WORTH, Texas -- D.R. Horton Inc., the second-largest U.S. homebuilder by revenue, said yesterday that orders for its houses tumbled 37 percent in the first three months of this year. Orders for the fiscal second quarter fell to 9,983 houses from 15,771 a year earlier, the builder said. The value of houses ordered plunged 41 percent to $2.6 billion from $4.4 billion a year earlier. Builders, including D.R. Horton and industry leader Lennar Corp., are in their second year of slowing sales as buyers wait for prices to stop falling before making an offer.
NEWS
By Stacey Hirsh | March 13, 2007
Faced with a federal investigation into its stock options practices and the need to restate years of financial results, SafeNet Inc. contacted 35 potential buyers before agreeing to be bought by San Francisco private equity firm Vector Capital, the Harford County company disclosed in a document filed late yesterday with the SEC. Seventeen of those signed confidentiality agreements and conducted due diligence, and three - including Vector Capital -...
NEWS
By MEREDITH COHN | July 23, 2006
Dubai Ports World last week launched its effort to sell some of the U.S. marine terminals it controls after facing a blistering rebuke earlier this year from congressional leaders. The state-owned Arab company agreed to find an American buyer after it was unable to sway critics that it was not a security threat. It plans to sell only the U.S. portion of the $6.8 billion global portfolio it bought in March from London-based Peninsular & Oriental Steam Navigation Co. The company and analysts said at the time that it was sure to be a complicated effort.
NEWS
By ALLISON CONNOLLY | June 1, 2006
Mittal Steel Co. NV has begun showcasing its Sparrows Point steel mill to potential buyers, believing that it might have to sell the plant for antitrust reasons if it wins a hostile takeover fight for its biggest global rival, Arcelor SA. Mittal officials confirmed yesterday that representatives of German steelmaker ThyssenKrupp AG expressed interest after touring the Baltimore County complex last week. Plant general manager Thomas Russo declined to comment on the ThyssenKrupp visit, other than to say he was "glad we have interest."