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Newspaper wrap-up: TPG, others, to invest $5B Washington Mutual

Posted Apr 7th 2008 7:53AM by Laurie Pasternack
Filed under: Newspapers, Magazines, JPMorgan Chase (JPM), Goldman Sachs Group (GS), Washington Mutual (WM), Delta Air Lines (DAL)

MAJOR PAPERS:

Troubled savings and loan giant Washington Mutual Incorporated (NYSE: WM) will receive a $5B investment from private equity firm TPG and other investors, the Wall Street Journal reported. For now, this eliminates the possibility that it will be acquired by another financial institution such as J.P. Morgan Chase & Co (NYSE: JPM).
The Wall Street Journal also reported that music downloading copyright infringement lawsuits against Baidu.com Inc (NASDAQ: BIDU) and Sohu.com Inc (NASDAQ: SOHU) may be heard by a Chinese court.
People close to the situation said that Delta Air Lines Inc (NYSE: DAL) and Northwest Airlines Corporation (NYSE: NWA) have revived merger talks. It is speculated, the Financial Times reported, that weak demand and high fuel costs are urging the airliners back to the table to work out a merger arrangement.

OTHER PAPERS:

Evergreen Solar Inc (NASDAQ: ESLR) is expected to announce today that it will double the size of its manufacturing facility in Massachusetts and add about 350 new jobs as part of its ongoing expansion, according to the Boston Globe.

WEB SITES:

Bloomberg reported that The Goldman Sachs Group Inc (NYSE: GS) has been the only major investment bank that has refused to reduce its leverage. In fact, Goldman's adjusted leverage ratio of assets rose to 18.6 at the end of February, from 17.5 at the end of November.

Tags: Bidu, Biducom, DAL, delta air lines, delta airlines, DeltaAirlines, ESLR, evergreen solar, evergreen solar inc, EvergreenSolar, EvergreenSolarInc, goldman sachs, goldman sachs group, GoldmanSachs, GoldmanSachsGroup, GS, jp morgan, jp morgan chase, JPM, JpMorgan, JpMorganChase, northwest, northwest airlines, NorthwestAirlines, NWA, Sohu, Sohucom, TPG, washington mutual, washington mutual wm, WashingtonMutual, WashingtonMutualWm, WM

Indexes	Change	Price
DJIA	-89.23	12,801.23
NASDAQ	-23.35	2,903.88
S&P 500	-9.31	1,342.64

Last updated: February 13, 2012: 05:52 AM

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