As Carl Icahn launched a new strategy in his battle with Motorola Inc.'s management earlier in the week, the telecommunications equipment company launched its own offensive by announcing it would split into two publicly traded companies.[...]

From Bloomberg: Wall Street banks, brokerages, and hedge funds may report $460 billion in credit losses from the collapse of the subprime mortgage market, or almost four times the amount already disclosed, according to Goldman Sachs Group Inc. Profits will continue to wane, other analysts said. "There is light at [...]

How do you manage your way through a crisis? Get back to the basics of good old fashioned marketing. The Financial Times reports that top private equity firms are bent on differentiating themselves from the pack right now. Apollo's Leon Black sent "a highly unusual letter" to investors that says [...]

A turning point?Is the crisis bottoming out? Well, we have more pain ahead but the worst may have passed (see the item below). The Fed's action has been bold. We've had a major failure. Now may be the time that things turn up. It may not be apparent immediately, but [...]

The company has been losing market share to rivals and come under pressure from the activist investor Carl Icahn.[...]

Fortress Investment Group, the alternative asset manager that Tuesday reported a $29 million loss for the fourth quarter, aims to raise $15 to $20 billion in new capital this year to help the hedge fund and private-equity firm pounce on opportunities created by the global credit crunch, Chief Executive Wes [...]