Showing posts with the label NYT | Dealbook / Business & Policy.
nytimes.com U.K. Court Dismisses Charges Over Qatar Fund-Raising by Barclays A British court has dismissed charges against Barclays over a fund-raising round during the 2008 financial crisis that gave it much-needed financial infusions without a government bailout. CreditToby Melville/Reuters LONDON — A London court has dismissed charges against Barclays tied to the bank’s 2008 efforts to raise a $15 billion lifeline from Qatar and other investors, a legal victory for the British lender as it tries to turn its businesses around. The decision is a blow to Britain’s regulators, who have pursued the case for years. The charges were the first in the country against a bank for actions during the global financial crisis. And the news is likely to be well received by Barclays, which has sought to move past a welter of scandals and underperforming operations. The firm paid $2 billion to settle American charges of fraudulently misrepresenting securities tied to h
CBS Escalates Its Fight to Thwart Redstones: DealBook Briefing May 14, 2018. : NYT | DealBook / Business & Policy
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nytimes.com CBS Escalates Its Fight to Thwart Redstones: DealBook Briefing Lucas Jackson/Reuters Good Monday. Here’s what we’re watching: • CBS takes its biggest step yet to block a Viacom deal. • Tim Armstrong looks like he’s staying put at Oath. • The complexities of President Trump moving to save ZTE. • What’s in store for Xerox? • How the White House is warning Europe over Iran. Get this in your inbox each morning. Sign up here . CBS takes its biggest step yet to block a Viacom deal For Les Moonves and his team at CBS, Monday meant war against Shari Redstone and her desire to merge the media company with its corporate sibling, Viacom. Let’s break down what happened: • CBS sued its parent company , the Redstones’ National Amusements, in Delaware’s court of chancery to prevent it from interfering with a meeting of a special board committee scheduled for Thursday. • Among the options the committee will consider is whether to issue a special
DealBook / Business & Policy: Net-a-Porter Founder’s Next Act Is a Venture Capital Firm, April 17, 2018.
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nytimes.com Net-a-Porter Founder’s Next Act Is a Venture Capital Firm Michael J. de la Merced Nick Brown, left, and Natalie Massenet of Imaginary Ventures, which plans to announce that it has raised $75 million for its first fund. Tom Jamieson for The New York Times LONDON — Natalie Massenet said she had planned to keep a low profile after she stepped down in 2015 as the executive chairwoman of Net-a-Porter, the popular luxury e-commerce site she founded. After more than two-and-a-half years away, she is returning to e-commerce — but as a venture capitalist, not a fashion entrepreneur. Ms. Massenet has teamed up with Nick Brown, an investor in consumer start-ups, to form Imaginary Venture