<?xml version="1.0"?>
<rss version="2.0">
<channel>
<title>Finance Industry Today: Cerberus News</title>
<link>http://finance.einnews.com/news/cerberus</link><description>Constantly updated news and information about finance industry.</description><item>
<title>CERBERUS BURNED BY MERVYN&apos;S CREDIT WOE</title>
<link>http://finance.einnews.com/news.php?wid=179301439</link>
<pubDate>19 Jul 2008 10:09 GMT</pubDate>
<description>
... The titans of private equity are poised to take yet another beating  ...  Mervyn&apos;s, a California-based department-store chain part-owned by Cerberus Capital Management. The giant buyout firm, headed by  ...
</description>
</item><item>
<title>Longtime Canadian Auto Workers union chief to retire</title>
<link>http://finance.einnews.com/news.php?wid=179274470</link>
<pubDate>19 Jul 2008 04:46 GMT</pubDate>
<description>
...  concession contracts at Ford, General Motors and Chrysler-Cerberus. And only two weeks ago, he announced  ...  credit watch. Peter Schiff, president of Euro-Pacific Capital opined, &quot;The question now is who will  ...
</description>
</item><item>
<title>iGATE Corporation Q2 2008 Earnings Call Transcript</title>
<link>http://finance.einnews.com/news.php?wid=179218152</link>
<pubDate>18 Jul 2008 19:15 GMT</pubDate>
<description>
...  for the first half of 2008. The capital expenditure during the quarter was $3.9 million  ...  zero debt and $155.9 million in shareholders equity. The DSO was 67 days as of  ...  customers we had remaining were acquired by Cerberus. They decided that they want to invest  ...
</description>
</item><item>
<title>Bank Job</title>
<link>http://finance.einnews.com/news.php?wid=179084053</link>
<pubDate>17 Jul 2008 23:33 GMT</pubDate>
<description>
...  they dont know. These hearty rounds of capital bingeing shouldnt make investors happy. Because of  ...  MBIA. And let us recall the private equity boom that happened last year. Wherever one  ...  reversed itself on its Sallie Mae deal. Cerberus had second thoughts about United Rentals. Its  ...
</description>
</item><item>
<title>German 2008 M&amp;A activity to drop 35 pct-M&amp;A banker</title>
<link>http://finance.einnews.com/news.php?wid=179021476</link>
<pubDate>17 Jul 2008 16:59 GMT</pubDate>
<description>
...  said, adding it expects around 30 so-called equity carve-outs of under-performing business units in the  ...  mass, Drill said. U.S. private equity group Cerberus Capital Management CBS.UL agreed to buy the majority  ...
</description>
</item><item>
<title>United Rentals Announces Preliminary Results of Tender Offer</title>
<link>http://finance.einnews.com/news.php?wid=178993133</link>
<pubDate>17 Jul 2008 13:31 GMT</pubDate>
<description>
...  we may not always have access to capital that our businesses or growth plans may  ...  relating to the terminated merger transaction with Cerberus affiliates, and there can be no assurance  ...
</description>
</item><item>
<title>Funds risk heavy losses from binge investments</title>
<link>http://finance.einnews.com/news.php?wid=178952485</link>
<pubDate>17 Jul 2008 07:54 GMT</pubDate>
<description>
...  Last updated: July 17 2008 03:00 Private equity and hedge funds risk suffering massive losses  ...  its business. The biggest potential loser is Cerberus Capital Management, which nominally paid $7.4bn last summer  ...
</description>
</item><item>
<title>GM continues job slashing in effort to stave off bankruptcy</title>
<link>http://finance.einnews.com/news.php?wid=178927420</link>
<pubDate>17 Jul 2008 04:30 GMT</pubDate>
<description>
...  market continues to deteriorate and significant incremental capital is not raised.&quot; In Tuesday&apos;s conference call  ...  that Chryslerwhich was taken over by private equity firm Cerberus Capital Management last yearis the most likely  ...
</description>
</item><item>
<title>CORRECTED - Eton Park names GMAC ex-CEO Feldstein as CFO</title>
<link>http://finance.einnews.com/news.php?wid=178889759</link>
<pubDate>16 Jul 2008 21:57 GMT</pubDate>
<description>
...  YORK, July 16 (Reuters) - Eton Park Capital Management, the $13 billion hedge fund group  ...  GMAC to an investor group led by Cerberus Capital Management in November, 2006. Feldstein replaces  ...
</description>
</item><item>
<title>Lord &amp; Taylor owner modernized chain</title>
<link>http://finance.einnews.com/news.php?wid=178868759</link>
<pubDate>16 Jul 2008 19:31 GMT</pubDate>
<description>
...  PM EDT Richard Baker, whose firm NRDC Equity Partners is the new owner of Hudson&apos;s  ...  the sale, including the Blackstone Group and Cerberus Capital Management. Mr. Baker&apos;s tenure as the owner  ...
</description>
</item><item>
<title>Lord &amp; Taylor owner modernized fading chain</title>
<link>http://finance.einnews.com/news.php?wid=178863140</link>
<pubDate>16 Jul 2008 18:55 GMT</pubDate>
<description>
...  PM EDT Richard Baker, whose firm NRDC Equity Partners is the new owner of Hudson&apos;s  ...  the sale, including the Blackstone Group and Cerberus Capital Management. Mr. Baker&apos;s tenure as the owner  ...
</description>
</item><item>
<title>Auto bankruptcy would drive away buyers: survey</title>
<link>http://finance.einnews.com/news.php?wid=178858740</link>
<pubDate>16 Jul 2008 18:27 GMT</pubDate>
<description>
...  was both &quot;inaccurate&quot; and a concern for the automaker&apos;s dealers. Chrysler, now controlled by Cerberus Capital Management, sent a letter to its dealers earlier this month saying that reports of  ...
</description>
</item><item>
<title>Auto bankruptcy would drive away buyers -- survey</title>
<link>http://finance.einnews.com/news.php?wid=178858698</link>
<pubDate>16 Jul 2008 18:27 GMT</pubDate>
<description>
...  was both &quot;inaccurate&quot; and a concern for the automaker&apos;s dealers. Chrysler, now controlled by Cerberus Capital Management, sent a letter to its dealers earlier this month saying that reports of  ...
</description>
</item><item>
<title>GMAC Fincl gets waiver for GMAC bank; ensures cheap funding</title>
<link>http://finance.einnews.com/news.php?wid=178858085</link>
<pubDate>16 Jul 2008 18:22 GMT</pubDate>
<description>
...  maker has a 49% stake in GMAC after a group of investors led by private-equity firm Cerberus Capital Management LP bought 51% of GMAC in 2006 for about $14 billion. &quot;It&apos;s a  ...
</description>
</item><item>
<title>Eton Park names former GMAC CEO Feldman as CFO</title>
<link>http://finance.einnews.com/news.php?wid=178849713</link>
<pubDate>16 Jul 2008 17:30 GMT</pubDate>
<description>
...  YORK, July 16 (Reuters) - Eton Park Capital Management, the $13 billion hedge fund group  ...  GMAC to an investor group led by Cerberus Capital Management in November, 2006. Feldstein replaces  ...
</description>
</item></channel>
</rss>
