Showing posts with the label DealBook Today's Top Stories.
Top Story States Vie to Shield the Wealth of the 1 Percent By PATRICIA COHEN Nevada, Delaware and other states compete to offer ways for the rich to fend off creditors, divorcing spouses and even tax collectors.
DealBook Today's Top Stories - March 9, 2015: Stress Test Results Threaten Goldman Profit | Another Look at Buffett's Success | G.M. Seeks to Avoid Proxy Fight | Blackstone Near Deal for Old Sears Tower.
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MONDAY, MARCH 9, 2015 TODAY'S TOP HEADLINES BY SYDNEY EMBER STRESS TEST RESULTS THREATEN GOLDMAN PROFIT After Goldman Sachs's poor performance on Federal Reserve stress tests, analysts and investors are worried that the bank could be barred from buying back its own stock or increasing dividends, an important profit source for the bank, DealBook's Nathaniel Popper writes . The bank has used dividends and share buybacks to appeal to investors, which generally increase the amount of profits attributed to every share, at a time when other elements of the bank's business have faced challenges. The Fed will publicly give its final verdict on Goldman's buyback plans on Wednesday . "The bank's predicament highlights how the Fed's stress test, which has become a powerful tool for Wall Street regulators, can trip up even a bank like Goldman , which came out of the financial crisis looking stronger than many rivals," Mr. Popper writes. The Fe
DealBook Today's Top Stories March 13, 2014: Herbalife Shares Stumble on F.T.C. Inquiry Disclosure | Regulators Question Ethical Rot in Banking Culture | S.E.C. Gets a Much Needed Victory | Candy Crush Maker Puts Value at $7.6 Billion.
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For the latest updates, go to dealbook.nytimes.com » THURSDAY, MARCH 13, 2014 TODAY'S TOP HEADLINES BY SYDNEY EMBER HERBALIFE TUMBLES ON NEWS OF F.T.C. INQUIRY For 15 months, the activist investor William A. Ackman has accused Herbalife of being a pyramid scheme, betting $1 billion on its collapse. Since Mr. Ackman's crusade began in December 2012, he has lobbied members of Congress to press state and federal regulators , specifically the Federal Trade Commission, to investigate Herbalife. So while it was far from a victory for Mr. Ackman, Herbalife's disclosure on Wednesday that it had received a civil investigative demand from the F.T.C. could be a boon for Mr. Ackman's $1 billion bet against the company after a series of setbacks, Alexandra Stevenson and Peter Eavis write in DealBook. Indeed, the news of the investigation on Wednesday prompted a sell-off in the stock , which dropped more than 15 percent before recovering somewhat. It c