Private Equity
RPT-McCain backs tax credits for GM Volt, others
WARREN, Mich., July 18 (Reuters) - Republican White House hopeful John McCain told embattled GM employees on Friday he backs their development of an electric car and said Americans should be able to receive $5,000 tax credits to buy them. Full Article
DTZ says to advise on $600mln Dawnay property sale
LONDON, July 18 (Reuters) - DTZ has been appointed by the administrators at two sets of Dawnay Day property firms to advise on the sale of 300 million pounds-worth ($597.6 million) of British commercial property, it said on Friday. Full Article
Cox Enterprises is buying online advertising firm Adify for at least $300 million -- not a bad multiple on expected 2008 revenues of $35 million. Go to Blog
You can't get along in this world by being nice to everyone.
Shrinking market sends Japan Inc buying abroad
TOKYO (Reuters) - Japanese companies are turning increasingly to overseas acquisitions to drive growth, buy technology and build market share, spurred by a stagnant domestic economy, shrinking population and largely unburdened by subprime credit damage. Full Article
