AT&T to Sell Most of Yellow Pages to Cerberus
The sale is part of AT&T's strategy to jettison shrinking parts of its business so it can focus on segments that are growing, particularly its wireless business
Cerberus
TD Bank to Buy Chrysler Financial from Cerberus
Canada's second largest bank and private equity firm Cerberus Capital Management plan to buy automotive financial products and services company Chrysler Financial for approximately $6.3 billion in cash.
Cerberus Sells Talecris for $3.4 Billion
Spain may be embroiled in a credit crisis, but that hasn't stopped some of its companies from striking big deals. Take Grifols SA: The medical products developer has agreed to shell out $3.4 billion to acquire Talecris Biotherapeutics Holdings from private-equity firm Cerberus.
The 'Old' Chrysler Pays Off $1.9 Billion of Its Federal Debt
The entity consisting of parts of the "old" Chrysler has repaid the U.S. $1.9 billion of the $4 billion it got during the 2008 financial crisis. While less than face value, Treasury says it's "significantly" more than it expected to recover.
GM and Chrysler: A Hard Road in 2010
Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn their businesses around, both companies still have a long way to go to convince consumers their products are worthy of consideration.
