DealBook P.M. Edition on June 10, 2016: Top Story: Gawker, Filiing for Bankrupcy After Hulk Suit, Is Said to Be for Sale.
Friday, June 10, 2016
Gawker, Filing for Bankruptcy After Hulk Hogan Suit, Is Said to Be for SaleThe company's
decision to sell itself came just weeks after it was revealed that the
Silicon Valley billionaire Peter Thiel financially supported Mr. Hogan's
Line, Japanese Messaging App, Plans Summer I.P.O.Share sales in
New York and Tokyo could value Line at more than $5 billion, which would
make it the biggest market debut for a technology company so far this
Gretchen Morgenson: Woes for ITT, a For-Profit School, Bode Worse for Its StudentsHow bad will it
be for students if ITT Educational Services, the troubled for-profit
school, fails? Ask the former students of a company called Wilfred.
Paul Sullivan: Deciding if a Financial Adviser Is Right for the JobAs financial
advising becomes a popular second career, potential clients must be
diligent in determining whether an adviser is qualified for the job.
Adapting to Modest Oil Prices, BP Spins Off Norway Business Into New VentureThe deal,
creating a company called Aker BP, could allow BP to slim down while
keeping a role in Norway, a major fuel-producing nation.
Breakingviews: Dispute Over Paramount Pictures Is a Red Flag for Any BuyerAbrupt changes to Viacom's bylaws directly related to the auction of Paramount underscore how acrimonious the drama has become.
Phil Mickelson's Gambling Linked to Second Criminal CaseGregory
Silveira, who was also fined $18,000, had pleaded guilty to money
laundering for transferring $2.75 million between bank accounts in 2010
for an unidentified client to promote an illegal gambling operation. Mr.
Mickelson was the gambler, according to people familiar with the
No Thanks: Citigroup Sues AT&T for Trademark InfringementCitigroup
saying the phone company's use of "thanks" and "AT&T thanks" in a
new customer loyalty program infringed its trademark rights to the
Jason Zweig: Shareholders Are Disappearing Before Our EyesMore than
one-fifth of the 1,500 largest companies in the U.S. have fewer than 300
official shareholders. Eight companies with market values of at least
$1 billion each report having no more than 10 shareholders of record.