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Fixtures of Fed flexibility, fountains of cash sold separately.
General Motors, scrambling for cash, sold off its stake in Suzuki, and the Japanese manufacturer withdrew from a joint manufacturing venture in Canada.
Instead, the giant bank UBS, in need of cash, sold nearly 10percentt of itself to the Singapore government this week.
Long-Term Capital had not invested in Russia's bonds, but some of those who owned such bonds, and needed to raise cash, sold instruments that Long-Term Capital alsowneded, and on which it had borrowed a lot of money.
"What does a sustainable Ford look like, gentlemen?" In less than two years since he arrived as an outsider from Boeing to run Ford, Mr. Mulally had already mortgaged the company to raise cash, sold off three brands and cut truck production in the face of rising gas prices.
In the late 1980s, Ford Motor took a 21% stake in the company but, strapped for cash, sold its position in 2003.
Similar(49)
Now they are helping many of the same companies, desperate for cash, sell their properties.
This time, they are helping many of the same companies, now desperate for cash, sell some of those same properties.
So it has turned to asset sales to raise cash, selling off a Mexican insurance division for $865 million and its Canadian arm for $4.1 billion.
Moody's noted that the bank was making efforts to conserve cash, sell some assets and temporarily suspend originating new loans.
The funds buy stakes in companies and put pressure on management to release cash, sell off divisions or take other actions to increase shareholder returns.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com