Posts

Showing posts with the label DealBook | Deal%K Afternoon Edition

DealBooK | DealB%K Afternoon Edition: F.B.I. Begins Preliminary Inquiry Into JPMorgan Investigator.

Image
Tuesday, May 15, 2012 TOP STORY TOP STORY F.B.I. Begins Preliminary Inquiry Into JPMorgan Investigators will look at the bank's accounting practices and disclosures about the trades that prompted a $2 billion loss. DEALBOOK » After JPMorgan Loss, Lawmakers Delay Dodd-Frank Debate On Tuesday, the House Agriculture Committee postponed a hearing on three bills that aim to ease crucial aspects of the Dodd-Frank financial regulatory overhaul. DEALBOOK » Dimon Faces Shareholders at JPMorgan's Annual Meeting At the meeting, the board recommended against stripping Jamie Dimon of his title as chairman of JPMorgan Chase. Mr. Dimon also said the bank was "not against new regulations." DEALBOOK »   DEALBOOK HIGHLIGHTS After Coty Bid Dies, Avon Faces Hard Slog Shares in Avon plunged on Tuesday after Coty withdrew its $10.7 billion bid. Now the cosmetics maker faces few easy options in its turnaround

DealBooK | DealB%K Afternoon Edition: Federal Prosecutors Examining Goldman Banker

Image
Thursday, April 26, 2012 TOP STORY Federal Prosecutors Examining Goldman Banker An investigation of an unnamed Goldman Sachs executive emerged last week during a pretrial hearing in the case of Rajat K. Gupta, a former Goldman director. DEALBOOK » DEALBOOK HIGHLIGHTS BTG Pactual Surges on Trading Debut BTG Pactual's chief executive, André Esteves, called the offering -- the biggest Brazilian I.P.O. since 2009. -- "an enormous vote of confidence in Brazil by the global financial community." DEALBOOK » Barclays Capital and Deutsche Bank Pick Up A.I.G. Assets The MAX C.D.O. portfolio, which has a face value of $7.5 billion, was sold to the Barclays-Deutsche Bank group after an auction in which large rival banks teamed up to form bidding consortiums. DEALBOOK » Banco Espirito Chief to Tender Resignation From NYSE Board The executive, Ricardo Salgado, failed to attend 75 percent of NYSE Euronext board meetings last year, a

DealBook | DealB%K Afternoon Edition: With Instagram Deal, Facebook Shows Its Worth

Image
Wednesday, April 18, 2012 TOP STORY With Instagram Deal, Facebook Shows Its Worth The negotiations to buy the photo sharing service could offer insight into Facebook's highly anticipated initial public offering. DEALBOOK »   DEALBOOK HIGHLIGHTS Goldman Said to Be in Talks to Sell Petershill Fund Asset Management Finance, a firm that takes stakes in money managers, is in discussions to buy Petershill, a five-year-old Goldman portfolio that owns pieces of established hedge funds, according to people with knowledge of the discussions. DEALBOOK » In Debt: The Flaws in the New Liquidation Authority Stephen J. Lubben says that Congress could have enacted an insolvency process that was comprehensive, but instead the Dodd-Frank liquidation authority that still does not cover major parts of a large financial institution. DEALBOOK » Berkshire Shareholders Unfazed by Buffett Diagnosis Warren Buffett, who received well wishes from Pr

DealBook | DealB%K Afternoon Edition: Goldman's Blankfein Collects $12 Million

Image
Friday, April 13, 2012 TOP STORY Goldman's Blankfein Collects $12 Million Lloyd C. Blankfein, the chief executive of Goldman Sachs, saw his pay fall roughly 35 percent to $12 million in 2011, when the firm's stock tumbled 46.2 percent. DEALBOOK » DEALBOOK HIGHLIGHTS Former Analyst Pleads Guilty in Dell Insider Trading Case Danny Kuo, a former research analyst, pleaded guilty to criminal charges in an insider-trading case that federal prosecutors have described as a "circle of friends" who together earned about $62 million in illegal gains in Dell stock. DEALBOOK » Renewed Europe Worries Sap Deal-Makers Confidence Announced deals totaled $169 billion during the first three months of the year, a 17 percent drop compared to the same period in 2011, according to the data provider Thomson Reuters. DEALBOOK » Despite Good News, U.S. Bank Stocks Fall JPMorgan Chase and Wells Fargo may have beating analyst estima

DealBooK | DealB%K Afternoon Edition: Michaels Stores Files for I.P.O.

Image
Friday, March 30, 2012 TOP STORY Michaels Stores Files for I.P.O. The initial public offering of the arts and crafts giant is expected to be one of the most hotly anticipated I.P.O.'s of the year. DEALBOOK »   DEALBOOK HIGHLIGHTS Another View: March Badness Joshua Brown -- a financial adviser and author of "Backstage Wall Street" -- sketched out a new type of tournament, a face-off between 16 well-known financial scandals. DEALBOOK » For Struggling RIM, Sale Prospects Appear Tough It took an awful quarter for Research in Motion to concede that it will explore a potential sale. But it's not clear that the BlackBerry maker would fetch a substantial sum. DEALBOOK » Ahead of I.P.O., Mark Zuckerberg's Lawyers Expedite Disclosures Facebook is busy squaring away all necessary filings in anticipation of its stock market debut, widely expected to take place in May. DEALBOOK » Oaktree I.P.O. May R

DealBooK | DealB%K Afternoon Edition: MF Global Executive Saw Early Warning Sign on Customer Money

Image
Tuesday, March 27, 2012 TOP STORY MF Global Executive Saw Early Warning Sign on Customer Money Christine Serwinski, MF Global's North American chief financial officer, is expected to tell a House panel that an internal report showed "a substantial deficit" in the amount of firm money used to protect customer accounts. DEALBOOK » | MF Global's Top Lawyer Will Break Her Silence DEALBOOK HIGHLIGHTS JPMorgan Promotes Lawyer Matthew Biben will now be general counsel for all of the bank's consumer businesses, according to an internal memo. DEALBOOK » Judge Orders S.E.C. to Turn Over Notes in Gupta Case Judge Jed S. Rakoff, who is presiding over Rajat K. Gupta's criminal case, issued several pretrial rulings. Among them was a ruling saying federal prosecutors must review the S.E.C.'s notes about 44 interviews of witnesses during its investigation. DEALBOOK » K.K.R. Hires Mack as Senior Adviser Kohlberg Krav