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Despite the current economic storms plaguing the U.S., Verizon Wireless won’t be calling its $28.1 billion buyout deal with Alltel a no-go. In fact, the company says the deal is still on track for a close before the year ends.

"The economic rape of the public will be perpetuated as long as possible. Ever increasing deficits are necessary to pay the interest and make the economy look good. The increasing deficits will escalate the cost of debt service exponentially.

I was having a conversation with Ken yesterday and after taking care of business, the subject turned to football. We exchanged thoughts about the situation at Tennessee and the much maligned head coach, Phil Fulmer.

LONDON/NEW YORK (Reuters) - Plans by Ireland’s Elan Corp (ELN) to sell its drug delivery unit in an auction have been delayed by the credit crisis but some discussions are still continuing, people familiar with the situation said.

Flexpoint Ford (f.k.a. Flexpoint Partners), a Chicago-based private equity firm focused on the financial services and healthcare sectors, has closed its second fund with a total of $1.28 billion. The first $800 million is for the firm’s general fund, while the other $480 million is for an overage

Mid Europa Partners has agreed to acquire an additional 37.3% stake in Czech broadcast services company Falcon Group, from consortium partner Lehman Brothers.  PRESS RELEASE Mid Europa Partners announced today that it has agreed to acquire an additional 37.3% stake in Falcon Group from their

Arsenal Capital Partners has agreed to acquire the Fine Chemicals business of Ferro Corp. (NYSE: FOE), for $66 million. The deal would result in a standalone company named Novolyte Technologies, which makes electrolytes used in the manufacture of lithium ion batteries and other products.

River Associates Investments has sponsored a recapitalization of Boxercraft Inc., an Atlanta-based maker of specialty apparel like licensed collegiate clothing. The deal included a $21 million one-stop financing from Patriot Capital Funding.  PRESS RELEASE Patriot Capital Funding, Inc.

CCMP Capital Asia, a private equity firm previously known as JPMP Asia, is among several bidders losing interest in the auction for French group Danone’s Australian and New Zealand beverage business Frucor.

Japanese property firm Daito Trust Construction Co shelved a planned buyout that could have exceeded US$6bn, after the funds behind the deal failed to raise enough money amid the global credit crunch.