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Fixed-income revenue fell 27 percent at the Jefferies Group in the second quarter, the firm reported Monday, sending a shiver through Wall Street that others will report weak bond-trading results.
New York’s chief overseer of financial services is moving to crack down on an industry whose power federal agencies rely on and appear to support.
Google may have pushed the boundaries of the law in its Waze deal, but the question is whether the government pushes back.
Dish Says It Won't Submit a New Offer for Sprint Ahead of Deadline - NYTimes.com dealbook.nytimes.com
Dish Network, a pay TV provider, said that because of new conditions imposed by Sprint Nextel, it would focus on acquiring a stake in Clearwire, a smaller competitor.
A federal appeals court ruled that Anthony Chiasson, the co-founder of Level Global Investors, and Todd Newman, a former portfolio manager at Diamondback Capital Management, will not have to report to prison while they fight their convictions.
Loeb's Third Point Raises Stake in Sony and Presses Split-Off Plan - NYTimes.com dealbook.nytimes.com
The activist hedge fund manager Daniel S. Loeb has raised his bet on Sony, as he continues his campaign to persuade the embattled Japanese giant into spinning off part of its entertainment arm.
Lawsuit Tries Creative Approach Against Fannie and Freddie Bailout - NYTimes.com dealbook.nytimes.com
Shareholders of Fannie Mae and Freddie Mac are relying on a constitutional argument against the government rescue of the two to try to recover money from the government, the author writes.
Kabel Deutschland said on Monday that it had received a preliminary takeover bid by John Malone’s Liberty Global, setting up a potential bidding war for the German cable operator.
An ambitious package of measures to combat air pollution and a summit meeting between President Obama and President Xi Jinping might have been overshadowed by Edward J. Snowden and his disclosures about the National Security Agency’s cyberactivi
Adrian Barrie Smith, who recruits housekeeping staff for the wealthy, has sued several well-known Wall Street financiers and even the comedian Jerry Seinfeld on charges of breach of contract and discrimination.
Jon Leibowitz is the latest among high-ranking government lawyers in Washington to assume a rich position in the private sector.
David Green, the director of the Serious Fraud Office, plans to revive the agency’s reputation with a criminal investigation into the rigging of the Libor.
The report of a $93 billion bid for Telefónica of Spain, which was later denied, is a sign of the problem AT&T faces: it has a lofty stock multiple, which makes mergers tempting, but it seems shut out of both domestic and foreign deals.
Benjamin M. Lawsky, New York’s superintendent of financial services, is said to be considering invoking a state law dating back to 1892 to crack down on the industry.
The Securities and Exchange Commission’s settlement with Revlon raises the question of whether the agency might start to police buyout offers from management and controlling shareholders that are rife with conflicts of interest.
Wall Street tries to guess the Federal Reserve’s direction. | Gannett is betting that owning 30 or 40 television stations is good business. | After the announcement that the head of the Royal Bank of Scotland was leaving, lawma
In the glow of television, many messages. | The stimulus comment that agitated traders. | To billionaire’s failed deal, add rebuke from S.E.C. | Trader covets Goldman office where a friend is sitting tight. |
The chief executive of Health Management Associates is planning to depart, and speculation about a possible sale has sent the company’s stock higher.
Financial institutions, including Bank of America and JPMorgan Chase, were found to have insufficient risk management and internal controls, which allowed some traders to try to alter rates.