Utilities
December 22, 2008 - JPMorgan announced today that it has agreed to purchase UBS' global agricultural and Canadian energy operations for an undisclosed price in the first quarter of 2009.
December 18, 2008 - Harvest Partners has garnered more than twice its largest investment to date from the sale of Aquilex Holdings to Teachers Private Capital, according to sources.
December 2, 2008 - Hawaii's largest telecommunications business has filed for bankruptcy protection as part of its restructuring effort.
November 19, 2008 - Bank of America outlined further changes to its management structure, which will take effect after its Merrill Lynch acquisition is completed, in an internal memo obtained by IDD. Among those affected is Brian Brille, who will become head of Americas corporate and investment banking at the combined company.
November 17, 2008 - A federal court began hearing arguments at 9 a.m. Central Time today over whether Jefferson County, Ala.'s financially troubled sewer system should be placed in receivership.
November 17, 2008 - The latest ratings downgrades and negative outlooks from Moody's and S&P.
November 4, 2008 - Greenhill will expand its operations with the opening of a new Chicago office, which will focus on industrial clients and other major Midwest-based companies and will be staffed in part by three former Lehman managing directors.
November 3, 2008 - Select ratings downgrades and revised outlooks from Moody's and S&P.
October 30, 2008 - The Blackstone Group has teamed up with South Korea's National Pension Service of Korea to make $4 billion of investments in South Korean businesses, setting the stage for its first foray in the Far Eastern nation. The new venture will make investments in infrastructure, real estate and debt.
October 30, 2008 - The credit crunch has led investors to seek less risky investments, and many US institutional investors such as pension funds and insurance companies are turning to infrastructure projects.
October 30, 2008 - As the Federal Reserve weighs whether GMAC Financial Services may become a bank holding company, observers are asking if the central bank is overextending itself.
October 29, 2008 - Concerns about a slowing US economy and what it means for corporate America's profits have investors demanding more of a yield premium to hold corporate debt.
October 29, 2008 - Tenaska Capital Management said Wednesday that it has raised more than $2.4 billion for its latest private equity fund. The new fund, which has made three investments since its initial close in October 2007, well exceeds the $838 million fund Omaha, Neb.-based Tenaska raised three years ago.
October 29, 2008 - George Bilicic has left private equity firm Kohlberg Kravis Roberts after six months to rejoin investment bank Lazard as head of the firms power, utilities and infrastructure group.
October 27, 2008 - Merrill Lynch--which is being acquired by Bank of America--fired more than a dozen public finance bankers and as many as 10 sales and trading professionals last week as the brokerage firm trims its ranks amid a grim economic outlook, several sources said.