Finance

Smith Professor Peter Morici Testifies on State of U.S. Auto Industry

Robert H. Smith School of Business professor Peter Morici testified Nov. 18, 2008, at a U.S. Senate Committee on Banking, Housing and Urban Affairs hearing examining the challenges facing the automotive industry. Morici joined a panel that included Sen. Debbie Stabenow, D-Mich., and the major players in the U.S. auto  industry: Alan Mulally, president and CEO of Ford Motor Company; Robert Nardelli, chairman and CEO of Chrysler LLC; and G.

The Outlook for an Economy in Turmoil

The U.S. and global economies are feeling the fallout of the credit crisis. How long will we be waiting for things to thaw? What is the recession outlook for the coming year? And how does the economic turmoil affect you and your personal financial decisions?

In this edition of Smith Business Close-Upwith the University of Maryland’s Robert H. Smith School of Business, Dr. Albert “Pete” Kyle discusses the outlook for an economy in turmoil.

Smith School Hosts Second Annual Mergers & Acquisitions Competition: Chicago GSB Takes First Prize

The Smith School was proud to host the Second Annual Mergers & Acquisitions Competition on Oct. 16 and 17. The event, organized by Smith’s MBA Finance Association, challenged teams of MBA students from leading business schools to create and deliver M&A pitches to a panel of executive judges. Students from the University of Chicago’s Graduate School of Business won the $5,000 first prize. Purdue University’s Krannert School of Management’s students took the $2,500 second prize, and Brigham Young University’s Marriott School of Management’s students won the $1,000 third prize.

Chicago GSB Takes Top Prize in University of Maryland M&A Competition

College Park, Md. – October 20, 2008 – The University of Maryland’s Robert H. Smith School of Business today announced the winners of its second annual Mergers & Acquisitions Competition, held October 16-17. The event, organized by Smith’s MBA Finance Association, challenged teams of MBA students from leading business schools to create and deliver M&A pitches to a panel of executive judges. Students from the University of Chicago Graduate School of Business won first prize, $5,000. Purdue University Krannert School of Management MBA students took second prize, $2,500; and Brigham Young University Marriott School of Management students won third prize, $1,000.

Smith Community Gathers to Discuss Financial Storm

As Congress and federal regulators scramble to shore up U.S. financial institutions, leading business school faculty and staff are working to understand the evolving situation and explain it to students and alumni. Leaders at the University of Maryland’s Robert H. Smith School of Business are helping the Smith community navigate the financial crisis. More than 200 students, faculty and staff packed Frank Auditorium in the school’s Van Munching Hall on Friday, Sept. 26 for a town-hall meeting to discuss the market meltdown, the bailout plan and the fallout rocking the U.S. economy.

Deals in the Current Economy

It has been over a year since the credit crunch started. The effects continue to ripple through the economy. The housing market is dismal and the Federal Reserve has resorted to extraordinary measures to prop up the banking industry. The number of big corporate mergers is down sharply. Deals getting done these days are largely financed with money from overseas or from companies using their own funds. What are the lessons learned and what will be the ultimate outcomes?

Smith Students Hear from the Oracle of Omaha at Berkshire Hathaway Annual Meeting

Berkshire Hathaway, here we come! Smith faculty member Sue White, Distinguished Tyser Teaching Fellow, and finance lecturer David Kass brought a small, but dedicated group to the Berkshire Hathaway Annual Meeting in Omaha, Nebraska, May 2-4, 2008.

Read Sue White's account of the trip:

All were students in my fall 07 BMGT 440FP, Emerging CFOs Finance Fellows, class: Dara Khan, Belen Jacome, Paul Hughes, David Zhang, and John Wu. In addition, Mark Wellman, Tyser Teaching Fellow, brought a group of 10 undergraduate fellows to the meeting.

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