^
+ Follow CERBERUS CAPITAL MANAGEMENT Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 641430
                    [Title] => Asia shares higher as bank deal boosts Wall St.
                    [Summary] => 

Asian stock markets rose modestly Wednesday after a $6.3 billion banking deal sent Wall Street to new two-year highs.

[DatePublished] => 2010-12-22 14:15:35 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [1] => Array ( [ArticleID] => 460492 [Title] => Chrysler's fate rests with debtors as clock ticks [Summary] => NEW YORK (AP) – With a government deadline just seven days away, Chrysler LLC is running out of time to work out deals with debtholders, its unions and a foreign partner. [DatePublished] => 2009-04-24 16:55:59 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [2] => Array ( [ArticleID] => 460469 [Title] => Chrysler's fate rests with debtors as clock ticks [Summary] => NEW YORK (AP) – With a government deadline just seven days away, Chrysler LLC is running out of time to work out deals with debtholders, its unions and a foreign partner. [DatePublished] => 2009-04-24 12:10:56 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [3] => Array ( [ArticleID] => 426051 [Title] => More companies lining up for piece of bailout fund [Summary] =>

WASHINGTON (AP) – A trio of reports due Tuesday are expected to paint a bleak picture of the nation’s housing market and the broader economy, as the deepening recession sends more companies lining up for a piece of the government’s $700 billion bailout fund.

[DatePublished] => 2008-12-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 424685 [Title] => Chrysler, Ford shut down plants; GM delays major factory project [Summary] =>

DETROIT (AP) – Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by US automakers as they anxiously await word about government loans.

[DatePublished] => 2008-12-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 416433 [Title] => GLOBAL NEWS: Wall Street makes hesitant advance [Summary] => NEW YORK (AP) – Wall Street made a hesitant advance yesterday, with investors refraining from making big bets in a volatile market battered by a stream of weak economic data. [DatePublished] => 2008-11-19 00:40:02 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [6] => Array ( [ArticleID] => 189712 [Title] => SPV Law to bring immediate relief to banking sector — BSP [Summary] => At least P200-billion worth of bad loans and foreclosed assets would be immediately restructured and disposed of once the Special Purpose Vehicle Law is signed into law early next year. [DatePublished] => 2002-12-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 176165 [Title] => Banks air concern over a watered-down SPAV Law [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).

Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.
[DatePublished] => 2002-09-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 173626 [Title] => DOF downplays Cerberus decision [Summary] => The Department of Finance downplayed the decision of Cerberus Capital Management to invest in Thailand instead of the Philippines, but admitted that the Arroyo administration needs to undertake steps to improve the country's investment climate.

Finance Secretary Jose Isidro Camacho said yesterday that Cerberus‚ move did not automatically disqualify the Philippines from its investment portfolio although there is a need to set the right investment climate in order to attract not just Cerberus but other investors as well.
[DatePublished] => 2002-08-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 173501 [Title] => Cerberus bypasses RP, invests $500-M in Thailand [Summary] => Dismayed by the delay in the passage of the SPAV law, the US-based Cerberus Capital Management, L.P. has bypassed the Philippine banking industry and instead invested $500 million buying bad loans in Thailand where the laws on asset management companies are more transparent.

Known as a leader in the international distressed debt, securities and reorganization market, Cerberus has invested over $20 billion in the market and has an available capital in excess of $7 billion that it plans to invest in Asia, specifically Japan, Korea and Thailand.
[DatePublished] => 2002-08-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
CERBERUS CAPITAL MANAGEMENT
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 641430
                    [Title] => Asia shares higher as bank deal boosts Wall St.
                    [Summary] => 

Asian stock markets rose modestly Wednesday after a $6.3 billion banking deal sent Wall Street to new two-year highs.

[DatePublished] => 2010-12-22 14:15:35 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [1] => Array ( [ArticleID] => 460492 [Title] => Chrysler's fate rests with debtors as clock ticks [Summary] => NEW YORK (AP) – With a government deadline just seven days away, Chrysler LLC is running out of time to work out deals with debtholders, its unions and a foreign partner. [DatePublished] => 2009-04-24 16:55:59 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [2] => Array ( [ArticleID] => 460469 [Title] => Chrysler's fate rests with debtors as clock ticks [Summary] => NEW YORK (AP) – With a government deadline just seven days away, Chrysler LLC is running out of time to work out deals with debtholders, its unions and a foreign partner. [DatePublished] => 2009-04-24 12:10:56 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [3] => Array ( [ArticleID] => 426051 [Title] => More companies lining up for piece of bailout fund [Summary] =>

WASHINGTON (AP) – A trio of reports due Tuesday are expected to paint a bleak picture of the nation’s housing market and the broader economy, as the deepening recession sends more companies lining up for a piece of the government’s $700 billion bailout fund.

[DatePublished] => 2008-12-24 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 424685 [Title] => Chrysler, Ford shut down plants; GM delays major factory project [Summary] =>

DETROIT (AP) – Chrysler is closing all its North American manufacturing plants for at least a month, the starkest move yet taken by US automakers as they anxiously await word about government loans.

[DatePublished] => 2008-12-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 416433 [Title] => GLOBAL NEWS: Wall Street makes hesitant advance [Summary] => NEW YORK (AP) – Wall Street made a hesitant advance yesterday, with investors refraining from making big bets in a volatile market battered by a stream of weak economic data. [DatePublished] => 2008-11-19 00:40:02 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => [SectionUrl] => [URL] => ) [6] => Array ( [ArticleID] => 189712 [Title] => SPV Law to bring immediate relief to banking sector — BSP [Summary] => At least P200-billion worth of bad loans and foreclosed assets would be immediately restructured and disposed of once the Special Purpose Vehicle Law is signed into law early next year. [DatePublished] => 2002-12-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 176165 [Title] => Banks air concern over a watered-down SPAV Law [Summary] => Watering down the Special Purpose Asset Vehicle (SPAV) Law to cover only foreclosed assets would do more harm than good to the banking sector and possibly trigger the foreclosure of non-performing loans (NPLs).

Officials said yesterday that the emerging consensus to water down the SPAV law to the point where it would apply only to the disposition of foreclosed assets would eliminate the objective of encouraging banks to dispose of problematic loans for restructuring.
[DatePublished] => 2002-09-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096655 [AuthorName] => Des Ferriols [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 173626 [Title] => DOF downplays Cerberus decision [Summary] => The Department of Finance downplayed the decision of Cerberus Capital Management to invest in Thailand instead of the Philippines, but admitted that the Arroyo administration needs to undertake steps to improve the country's investment climate.

Finance Secretary Jose Isidro Camacho said yesterday that Cerberus‚ move did not automatically disqualify the Philippines from its investment portfolio although there is a need to set the right investment climate in order to attract not just Cerberus but other investors as well.
[DatePublished] => 2002-08-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 173501 [Title] => Cerberus bypasses RP, invests $500-M in Thailand [Summary] => Dismayed by the delay in the passage of the SPAV law, the US-based Cerberus Capital Management, L.P. has bypassed the Philippine banking industry and instead invested $500 million buying bad loans in Thailand where the laws on asset management companies are more transparent.

Known as a leader in the international distressed debt, securities and reorganization market, Cerberus has invested over $20 billion in the market and has an available capital in excess of $7 billion that it plans to invest in Asia, specifically Japan, Korea and Thailand.
[DatePublished] => 2002-08-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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