All those fancy financial tricks that companies use to avoid bankruptcy are mostly just buying them time before an inevitable crash. Harvard and Oxford researchers looked at 89 of these "creditor-on-creditor violence" deals and found that over 80% of companies still defaulted within three years anyway. Here's the basic setup: struggling companies go to their biggest lenders and say, "give us more money and we'll pay you back first," while essentially screwing over the smaller

Swiss asset manager GAM Holding AG is absolutely furious about what they're calling a sweetheart deal between Honda and an Indian car parts company, and honestly, when you look at the numbers, it's like watching someone sell a Ferrari for the price of a Honda Civic - you know something's not right under the hood. Here's the deal that's got everyone's engines revving in anger: Honda is selling a 50% controlling stake in its subsidiary Yutaka Giken Co. to Samvardhana Motherson

Ericsson Finally Joins the Buyback Club So Ericsson just crushed their fourth quarter numbers and decided to celebrate by doing something they've literally never done before - buying back their own stock. The Swedish telecom gear company made 12.7 billion kronor (about $1.4 billion) in adjusted EBITDA, which was way better than the 10.5 billion kronor that analysts were expecting and a solid 24% jump from last year. Pretty impressive considering the whole telecom equipment in

Thyssenkrupp, the big German industrial company, is thinking about selling off a chunk of one of its businesses - specifically about 30% of its Rothe Erde bearings division, which could be worth around €1.5 billion ($1.8 billion). The company has brought in some advisers to see who might be interested in buying, but it's still pretty early days and there's no guarantee anything will actually happen. When Bloomberg asked them about it, Thyssenkrupp basically gave the standard

2025 was basically the year of corporate spring cleaning, with around 50 US companies deciding to spin off parts of their business - and we're talking about the biggest wave of these moves we've seen in over ten years. It's like companies looked around and said, "okay, time to get rid of the stuff that's dragging us down" - particularly those slower-growing, money-hungry divisions in healthcare, media, and agriculture that were eating up resources without delivering the goods

Elliott Management, a major US hedge fund, made an $8 billion bet last year to buy Citgo, Venezuela's state-owned oil refinery business in the US. They were hoping for a massive windfall worth potentially $13 billion, but things just got a lot more complicated. The whole deal started because a US court ordered Citgo to be sold to help pay back Venezuela's creditors. Elliott jumped at the opportunity, using their typical playbook of aggressive legal tactics and distressed debt