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Court Challenge to New Inversion Rules Would Face Long OddsAs the government considers new regulations to curb inversions, a review of Tax Court cases shows the rules would most likely withstand any legal challenge, Victor Fleischer writes in the Standard Deduction column.
Prosecutor on Insider Trading Cases Heads to Private PracticeAntonia M. Apps, the lead federal prosecutor in the criminal trial last year of Michael Steinberg, is taking a job with the law firm Milbank Tweed Hadley & McCloy.
K.K.R. to Sell Its Stake in German Telecom Company VersatelThe German Internet services provider United Internet has agreed to buy Kohlberg Kravis Roberts's 74.9 percent stake in Versatel for about $769 million.
Switzerland Investigates Bank With Ties to Espírito Santo CompaniesThe Swiss Financial Market Supervisory Authority said it was looking into the role of Banque Privée Espírito Santo in the distribution of financial products of one of the Espírito Santo family companies.
Reuters Breakingviews: In Hermes Agreement, a Rare Retreat by a Luxury Deal MakerBernard Arnault will distribute to shareholders the stake he built up in Hermes. But Groupe Arnault will retain 8.5 percent of its capital, suggesting it is keeping its long-term options open, Carol Ryan writes.
Quality of Life Improving Across Wall Street, Report SaysThe Blackstone Group was deemed the best bank to work for in North America, beating out Goldman Sachs and others, according to a report by Vault based on questions sent to 3,600 finance professionals.
Centerview Hires Former Bank Bailout Adviser to BritainRobin Budenberg, who helped advise the British government on its bank bailouts during the financial crisis, has joined Centerview Partners as its chairman in London.
German Online Retailer Zalando Plans I.P.O.The planned listing in Frankfurt represents the latest milestone for Zalando, which operates online stores in 15 European countries and is one of Europe's most prominent start-ups.
European Central Bank to Discuss Monetary PolicyThe European Central Bank holds its monthly monetary policy meeting on Thursday. Mario Draghi, the president of the bank, may signal that it is moving closer to large-scale asset purchases as a way to revive the faltering eurozone economy.
U.S. Trade Deficit Is Expected to WidenOn Thursday, the Commerce Department will report the latest data on the country's trade balance in July. Economists expect a slight widening in the trade deficit, with imports exceeding exports by $42.7 billion, compared with a gap of $41.5 billion in June. While increasing domestic energy production has helped the overall trade picture, economists say strong demand for foreign-made automobiles this summer may bolster imports.
Unemployment Rate Is Expected to DropOn Friday, the Labor Department will report the latest figures on unemployment and job creation in August. Economists estimate that employers added 210,000 jobs last month, while the unemployment rate is expected to drop to 6.1 percent, from 6.2 percent in July. The consensus also calls for a 0.2 percentage point increase in average hourly earnings, another closely watched indicator of the labor market's health.