Posts

Showing posts with the label DealBook .

DealBook Today's Top Headlines - M arch 29, 2016: Private Equity Executive Accused of Faking Investments | Starwood Bidding War Escalates | ValueAct Pays a Price for Supporting Valeant.

Image
    Tuesday, March 29, 2016 TODAY'S TOP HEADLINES By AMIE TSANG PRIVATE EQUITY EXECUTIVE ACCUSED OF FAKING INVESTMENTS Federal prosecutors working for Preet Bharara, the United States attorney for Manhattan, have charged Andrew Caspersen, a former Blackstone Group managing principal, with securities and wire fraud in what was labeled a "brazen" scheme to defraud investors of up to $95 million , Alexandra Stevenson and Matthew Goldstein report in DealBook . The Securities and Exchange Commission filed parallel civil charges. Mr. Caspersen was a partner at the Park Hill Group, which specializes in raising money for private equity firms and hedge funds, and was still trying to persuade institutional investors to give him money up until last week. The authorities accused Mr. Caspersen of using a fraudulent investment vehicle and fake emails to dupe an unidentified hedge fund foundation to sink $25 million into the sch

DealBook P.M. Edition - March 24, 2016: Top Story: Plan to Rescue Puerto Rico Advances, Led by House Republicans.

Image
    Thursday, March 24, 2016 TOP STORY Plan to Rescue Puerto Rico Advances, Led by House Republicans The plan falls short of permission for the island to restructure its $72 billion debt, and would involve close federal oversight.

DealBook Today's Top Headlines - February 10, 2016: Low Oil Prices and a Reckoning on Debt | The Real Secret to Avoiding Corporate Taxes | US Foods Plans to Go Public | Trump and Sanders Win New Hampshire Primaries.

Image
    Wednesday, February 10, 2016 TODAY'S TOP HEADLINES By AMIE TSANG LOW OIL PRICES AND A RECKONING ON DEBT Energy executives and their bankers are preparing for a prolonged downturn that could change the energy industry in a way not seen since the turmoil of the late 1990s gave rise to mega-mergers like Exxon Mobil, Clifford Krauss and Michael Corkery report in DealBook.

DealBook Today's Top Headlines - January 11, 2016: Chinese Stocks Plunge Again | Steven Cohen Will Be Free to Manage Outside Money in 2 Years | Yahoo's Brain Drain Shows Loss of Faith.

Image
    Monday, January 11, 2016 TODAY'S TOP HEADLINES By AMIE TSANG CHINESE STOCKS PLUNGE AGAIN The volatility in Chinese markets has not let up. The main Shanghai share index fell 5.3 percent on Monday and the Shenzhen index ended the day down 6.6 percent,

DealBook Today's Top Headlines - December 23, 20105: Do-It-Yourself Defense | Deal Professor Grades for the Year | Ex-Morgan Stanley Adviser Receives Probation for Data Theft

Image
    Wednesday, December 23, 2015 TODAY'S TOP HEADLINES By AMIE TSANG DO-IT-YOURSELF DEFENSE Money managers and entrepreneurs charged with a crime or civil securities fraud used to keep their mouths shut. But in the age of social media, defendants are taking to Twitter and lawyers say it is a terrible idea , Matthew Goldstein and Alexandra Stevenson write in DealBook.

DealBook Today's Top Headlines on October 19, 2015: The Deutsche Bank Shake-Up | Challenging Private Equity Fees | Mega-Deals Test Antitrust Limits

Image
    Monday, October 19, 2015 TODAY'S TOP HEADLINES By AMIE TSANG THE DEUTSCHE BANK SHAKE-UP Germany's largest lender will split its investment bank in two and overhaul its top management, Jack Ewing reports in DealBook. This is the first major move by John Cryan, the bank's co-chief executive since July, to address complaints about the efficiency of the firm. Most of Deutsche Bank's investment banking activities have been in the Corporate Banking and Securities division, which will be split. One part will focus on corporate and investment banking , and be run by Jeff Urwin, who has been co-head of the Corporate Banking and Securities unit. Garth Ritchie, head of equities, will be responsible for the new Global Markets unit, which will focus on sales and trading.

DealBook P.M. Edition - September 17, 2015: Dealbook Highlights: Expanding in U.S., Altice Plans to Buy Cablevision for $17.7 Billion

Image
    Thursday, September 17, 2015 TOP STORY Fed Leaves Interest Rates Unchanged With the markets in a downturn and economies weak overseas, Fed officials said that they saw little risk in postponing an increase in interest rates. NYT » Stock Markets Are Little Changed After Fed Decision The slightness of the moves suggests that Wall Street will go back to worrying whether the Fed will raise interest rates later this year. NYT » Fed's Hesitance, Not Its Decision, Surprises Economists While many on Wall Street expected the Fed to delay raising rates, few expected its language about future moves to be so dovish. NYT » | Stock Markets Are Little Changed After Fed Decision DEALBOOK HIG

DealBook Today's Top Headlines - September 4, 2015: Markets Slide Ahead of U.S. Jobs Report | Defense to Rest Its Case in Trial of Ex-Dewey & LeBoeuf Executives | A Third Act for Philip Falcone.

Image
      By AMIE TSANG MARKETS SLIDE AHEAD OF U.S. JOBS REPORT Markets were cautious on Friday ahead of the latest United States labor market report , Reuters reports . Asian markets extended their losses on Friday morning, with the Nikkei 225 closing down 2.15 percent. Chinese markets were closed for a public holiday. European stocks were also down in early trading.

DealBook Today's Top Headlines - June 18, 2015: Wall Street Loses 'A Force of Nature' | Fitbit Valued at $4.1 Billion Before Trading Debut | Greek Exit From Euro Appears More Likely | 6 Banks Face New Limits on Mortgage Operations.

Image
Thursday, June 18, 2015 TODAY'S TOP HEADLINES By DEALBOOK WALL STREET LOSES 'A FORCE OF NATURE' With the death of James B. Lee Jr. on Wednesday , Wall Street lost one of its most colorful and influential deal makers, Andrew Ross Sorkin writes in DealBook . Mr. Lee, a vice chairman of JPMorgan Chase, was an early pioneer of syndicated loans and played a key role in the world of leveraged buyouts and private equity , financing deals for Henry Kravis of Kohlberg Kravis Roberts, Stephen A. Schwarzman of the Blackstone Group and the late Theodore J. Forstmann of Fortsmann Little.

DealBook Today's Top Headlines - May 6, 2015: European Antitrust Investigation to Affect U.S. Tech Firms | Fears About Bond Market Volatility | Netflix Objects to AT&T-DirecTV Merger | Value of Celebrity Venture Capitalists.

Image
WEDNESDAY, MAY 6, 2015 TODAY'S TOP HEADLINES BY DEALBOOK EUROPEAN ANTITRUST INVESTIGATION TO AFFECT U.S.TECH FIRMS   The European Commission said  on Wednesday  that it would open an antitrust investigation to see whether large e-commerce players like Amazon were impeding competition over how Europeans buy goods and services online,  Mark Scott writes in The New York Times . The investigation will cover so-called online platforms, like Uber, the ride-booking service, and Airbnb, the vacation-rental website, that use online data provided by their users, and whether these companies unfairly promote their own services over those of rivals. 

DealBook Today's Top Headlines November : Bonus Season Likely to Disappoint | Cable Merger Puts Investors on Edge | Cyberspace's Dark Knight.

Image
For the latest updates, go to dealbook.nytimes.com » Monday, November 10, 2014 TODAY'S TOP HEADLINES   BY SYDNEY EMBER BONUS SEASON LIKELY TO DISAPPOINT Some corners of Wall Street are expecting big bonuses, but for most of the industry, it will probably be a disappointing year, Nathaniel Popper reports in DealBook . The year-end payouts could drop as much as 10 percent for the trading desks and hedge funds that not long ago were the centers of gravity on Wall Street, according to an annual survey by the compensation consulting firm Johnson Associates scheduled for release on Monday. Still, there will be bright spots for a lucky few . Investment bankers and employees at private equity firms involved in mergers and acquisitions should see their bonuses rise 10 to 15 percent, the survey found. Asset managers, traditionally the more staid players in the financial industry, are