Items by By DEALBOOK
NYT > Business
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DealBook: Q&A: Frontline’s Financial Crisis Documentary
Posted: April 26th, 2012, 4:02pm EDT by By DEALBOOK
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Andrew Ross Sorkin, DealBook’s editor-at-large, will speak with the producers of a PBS “Frontline” documentary at 2:30 p.m. Readers can submit questions now.
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DealBook: Berkshire Hathaway to Buy Back Shares
Posted: September 27th, 2011, 7:00am EDT by By DEALBOOK
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Some of Berkshire Hathaway's $43 billion cash hoard, usually intended for acquisitions, will be used to bolster the flagging shares of Warren E. Buffett's company.
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DealBook: McGraw-Hill to Break Into Two
Posted: September 12th, 2011, 10:52am EDT by By DEALBOOK
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After calls for change by activist shareholders, McGraw-Hill plans to break into a markets business and an education company.
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DealBook: Kelly Steps Down at Bank of New York Mellon
Posted: August 31st, 2011, 6:44pm EDT by By DEALBOOK
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Bank of New York Mellon’s chief executive and chairman, Robert P. Kelly, has stepped down, the bank said, citing “differences in approaches to managing the company.”
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DealBook: Citadel Assails E*Trade and Calls for Sale
Posted: July 20th, 2011, 8:37pm EDT by By DEALBOOK
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In a letter to E*Trade, Citadel said the board had "squandered" a "phenomenal franchise" and it pressed the online brokerage company to put itself up for sale.
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DealBook: Dunkin' Brands Looks to Raise as Much as $460 Million
Posted: July 11th, 2011, 8:53am EDT by By DEALBOOK
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The company, which also owns the Baskin Robbins ice cream chain, set the price range for its initial public offering at $16 to $18 a share.
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DealBook: Hershey Chief Leaves to Run Del Monte
Posted: May 18th, 2011, 9:16pm EDT by By DEALBOOK
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The chief executive of Hershey, David J. West, is leaving the publicly traded chocolate maker to run the privately held Del Monte Foods.
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DealBook: A.I.G. Outlines Share Sale Plan
Posted: May 11th, 2011, 10:42am EDT by By DEALBOOK
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The American International Group and the Treasury Department will sell roughly 300 million shares, in the insurer's latest step toward regaining its independence from the government.
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DealBook: Expedia Plans to Split Into Two
Posted: April 7th, 2011, 7:14pm EDT by By DEALBOOK
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TripAdvisor would become a separate, publicly traded company under the plan.
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DealBook: JPMorgan Paid Dimon $20.8 Million in 2010
Posted: April 7th, 2011, 5:51pm EDT by By DEALBOOK
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The bank gave Jamie Dimon, its chief executive, a $5 million cash bonus for last year; he received no cash bonus for 2009.
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DealBook: Is Cisco an Activist Target?
Posted: April 6th, 2011, 12:44pm EDT by By DEALBOOK
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Might Cisco Systems be in the cross-hairs of an activist investor? The chief executive, John Chambers, appears to think so, judging from a memo he sent to employees on Monday that was obtained by Reuters Breakingviews.
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DealBook: Dish Network Wins Blockbuster Auction
Posted: April 6th, 2011, 10:28am EDT by By DEALBOOK
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After a bankruptcy auction that extended into the early hours on Wednesday, Dish Network announced that it had emerged as the winner of Blockbuster's assets, with a bid valued at $320 million.
NYT > Home Page
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DealBook: Dish Network Wins Blockbuster Auction
Posted: April 6th, 2011, 10:28am EDT by By DEALBOOK
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After a bankruptcy auction that extended into the early hours on Wednesday, Dish Network announced that it had emerged as the winner of Blockbuster's assets, with a bid valued at $320 million.
NYT > Business
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DealBook: ConocoPhillips to Sell Up to $10 Billion of Assets
Posted: March 23rd, 2011, 11:06am EDT by By DEALBOOK
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ConocoPhillips plans to sell $5 billion to $10 billion of noncore assets over the next two years and use the proceeds to buy back shares and invest in its business.
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DealBook: G.M. Announces Sale of Ally Shares
Posted: March 23rd, 2011, 8:48am EDT by By DEALBOOK
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General Motors plans to sell all of its preferred shares in Ally Financial, its former lending arm, in a $1 billion offering.
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DealBook: Management Shake-Up at Lloyds
Posted: March 9th, 2011, 9:57am EST by By DEALBOOK
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The Lloyds Banking Group announced a series of management changes on Wednesday as the new chief executive, Antonio Horta-Osorio, moved to put his mark on the British financial firm.
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DealBook: Dynegy's Bankruptcy Fears
Posted: March 9th, 2011, 9:29am EST by By DEALBOOK
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The energy producer, which has warned for months about its financial troubles, says bankruptcy could be the next step if it cannot reach an agreement with its creditors.
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DealBook: Voices From Davos
Posted: January 28th, 2011, 1:09pm EST by By DEALBOOK
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Davos participants like the economist Nouriel Roubini and Barry Silbert, chief executive of SecondMarket, share their views on issues like the lack of global leadership and why the I.P.O. market is languishing.
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DealBook: The Man Behind the Facebook Deal
Posted: January 27th, 2011, 11:25am EST by By DEALBOOK
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DealBook's Andrew Ross Sorkin talks with Yuri Milner, the chief executive of DST, who discusses the valuation of Facebook, and his stakes in other Internet companies.
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DealBook: In Target Deal, a Canadian Bet Begins to Pay Off
Posted: January 13th, 2011, 5:22pm EST by By DEALBOOK
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With a $1.8 billion sale of leases, a New York investor starts to unlock the value in Hudson's Bay.
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DealBook: Marathon Oil to Split in Two
Posted: January 13th, 2011, 8:40am EST by By DEALBOOK
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Marathon Oil announced plans to spin off its downstream business, creating two independent companies.
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DealBook: Duke Bids $13.7 Billion for Progress Energy
Posted: January 10th, 2011, 8:10am EST by By DEALBOOK
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The acquisition would create the nation's largest utility company and it could advance the two companies' nuclear ambitions.
NYT > Home Page
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DealBook: Duke Bids $13.7 Billion for Progress Energy
Posted: January 10th, 2011, 8:10am EST by By DEALBOOK
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The deal would create the country's largest utility, with $22.7 billion in revenue and more than 7 million customers.
NYT > Business
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DealBook: A New Era for Motorola
Posted: January 4th, 2011, 3:44pm EST by By DEALBOOK
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Sanjay Jha, Motorola Mobility's chairman and chief executive, discusses Motorola's split into two companies in this video interview with CNBC.
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DealBook: A Leaner Goldman Sachs Is Seen
Posted: December 30th, 2010, 12:58pm EST by By DEALBOOK
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Credit Suisse lowers earnings estimates for Goldman Sachs and Morgan Stanley but praises Goldman's "expense discipline."
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DealBook: PetroChina to Sell Gas Pipeline Stake for $2.85 Billion
Posted: December 28th, 2010, 9:37am EST by By DEALBOOK
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PetroChina is selling its stake in a gas pipeline operator to the Kunlun Energy Company for $2.85 billion, the latest in a flurry of energy deals.
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DealBook: Leonard Green Offers $1.6 Billion for Jo-Ann Stores
Posted: December 23rd, 2010, 9:45am EST by By DEALBOOK
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Private equity firm Leonard Green & Partners offered $61 a share for Jo-Ann Stores — a 34 percent premium to the closing price on Wednesday.
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DealBook: Icahn Loses Bid for Lions Gate Seats
Posted: December 14th, 2010, 3:53pm EST by By DEALBOOK
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Shareholders elect all of the studio's nominees to the board.
NYT > Sports
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Bats: Madoff Trustee Sues Mets Owners
Posted: December 7th, 2010, 6:05pm EST by By DEALBOOK
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The trustee seeking assets for victims of Bernard L. Madoff's huge fraud sued the Wilpon family, the owners of the New York Mets, which had invested hundreds of millions of dollars in the global Ponzi scheme.
NYT > Business
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DealBook: A.I.G. Reports $2.4 Billion Loss in 3rd Quarter
Posted: November 5th, 2010, 8:33am EDT by By DEALBOOK
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A.I.G. was again hamstrung in part by accounting charges related to its restructuring as it seeks to repay its taxpayer-financed bailout.
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DealBook: K.K.R. Says Profit Fell 61% in 3rd Quarter
Posted: November 3rd, 2010, 8:21pm EDT by By DEALBOOK
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The private equity firm attributed the drop to smaller gains in the value of its private equity portfolio.
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DealBook: Oracle to Buy Art Technology Group for $1 Billion
Posted: November 2nd, 2010, 9:14am EDT by By DEALBOOK
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Oracle's deal for the e-commerce software provider is the first it has announced since hiring Hewlett-Packard's deal-making former chief executive, Mark V. Hurd.
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DealBook: Worries Grow About BHP Deal for Potash
Posted: October 29th, 2010, 4:49am EDT by By DEALBOOK
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Analysts said that investors feared that the Canadian government would block a hostile bid for Potash by BHP Billiton.
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DealBook: Boston Scientific Sells Unit to Stryker for $1.5 Billion
Posted: October 28th, 2010, 9:39am EDT by By DEALBOOK
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Boston Scientific on Thursday agreed to sell its neurovascular business to Stryker for $1.5 billion in cash, as the medical devices maker seeks to focus on core operations.
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DealBook: Blackstone Posts $339 Million Quarterly Profit
Posted: October 28th, 2010, 9:06am EDT by By DEALBOOK
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The Blackstone Group on Thursday reported a $339 million profit for its third quarter, a jump over last year as the private equity giant saw gains in most of its businesses.
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DealBook: St. Jude Medical to Buy AGA Medical for $1 Billion
Posted: October 18th, 2010, 9:28am EDT by By DEALBOOK
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St. Jude Medical, a device maker, said that it has agreed to buy AGA Medical to gain access to an array of heart repair devices.
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DealBook: Northeast to Buy NStar for $4.3 Billion
Posted: October 18th, 2010, 8:57am EDT by By DEALBOOK
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The all-stock deal will create one of the largest utilities in the United States, serving 3.5 million customers.
NYT > Home Page
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DealBook: Northeast to Buy NStar for $4.3 Billion
Posted: October 18th, 2010, 8:57am EDT by By DEALBOOK
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The all-stock deal will create one of the largest utilities in the United States, serving 3.5 million customers.
NYT > Business
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DealBook: Pfizer to Buy King Pharmaceuticals for $3.6 Billion
Posted: October 12th, 2010, 2:40pm EDT by By DEALBOOK
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Pfizer agreed to buy the maker of pain medication for $3.6 billion in cash, in the giant drug maker's first major deal since its blockbuster purchase of Wyeth last year.
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Bain Buys Gymboree for $1.8 Billion
Posted: October 11th, 2010, 8:13pm EDT by By DEALBOOK
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Under the deal, Gymboree shareholders will get $65.40 a share in cash, a premium of 57 percent to Gymboree’s share price on Sept. 30, before reports of a buyout emerged.
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Time May Be Genzyme's Best Defense
Posted: October 7th, 2010, 2:42pm EDT by By DEALBOOK
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Genzyme's best defense against Sanofi-Aventis's $18.5 billion hostile takeover may prove to be time, after Genzyme shed protections that could have helped deflect an unwanted suitor.
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A Bleak View From Volcker
Posted: September 24th, 2010, 8:47am EDT by By DEALBOOK
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Paul Volcker, the former Federal Reserve chairman, told a banking conference on Thursday that the financial system remains broken.
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Chief to Depart as Asset Relief Program Winds Down
Posted: September 22nd, 2010, 2:03pm EDT by By DEALBOOK
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Herbert M. Allison Jr.'s departure as the head of the Troubled Asset Relief Program marks him as the second Obama administration official in two days to announce plans to step down.
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Another View: At H.P., Governance Trumps Gossip
Posted: August 27th, 2010, 1:55am EDT by By DEALBOOK
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Jeffrey Sonnenfeld, a Yale business professor, examines the decision of Hewlett-Packard's board to remove Mark V. Hurd as chief executive and finds much to like.
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Another View: Gleaning the Bond Market's Message
Posted: August 24th, 2010, 1:12pm EDT by By DEALBOOK
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Daniel Alpert, managing partner of Westwood Capital, notes that while the bond market does not lie, its message can be confusing.
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Barnes & Noble's Directors: A Tale of the Tape
Posted: August 19th, 2010, 3:51pm EDT by By DEALBOOK
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Barnes & Noble on Thursday nominated two new directors to its board alongside its chairman, as it seeks to fend off a proxy challenge from billionaire investor Ronald W. Burkle.
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First Niagara to Buy NewAlliance for $1.5 Billion
Posted: August 19th, 2010, 1:24pm EDT by By DEALBOOK
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The First Niagara Financial Group said has agreed to buy NewAlliance Bancshares of Connecticut for about $1.5 billion in stock and cash in a deal that will expand its operations into New England.
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G.M. Files for an Initial Public Offering
Posted: August 18th, 2010, 4:06pm EDT by By DEALBOOK
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At long last, General Motors filed on Wednesday to go public.
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Druckenmiller to Shutter His Hedge Fund
Posted: August 18th, 2010, 2:22pm EDT by By DEALBOOK
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Stanley Druckenmiller, the hedge fund magnate who led George Soros's famous bet against the British pound, is calling it quits.
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Eton Park and Others Bullish on Bullion
Posted: August 17th, 2010, 7:07am EDT by By DEALBOOK
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Eric Mindich's $13 billion Eton Park Capital Management led hedge funds in raising gold investments last quarter, joining billionaire John Paulson's bet that bullion will increase amid inflation concerns.
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Dell to Buy Data Storage Company for $1.15 Billion
Posted: August 16th, 2010, 10:53am EDT by By DEALBOOK
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Dell said Monday that it has agreed to buy 3PAR, a data storage company, for about $1.15 billion in cash, as the computer giant races to expand beyond its core P.C.-making business.
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Celgene to Buy Abraxis in $2.9 Billion Deal
Posted: June 30th, 2010, 1:06pm EDT by By DEALBOOK
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Celgene Corporation, the biopharmaceutical company, said Wednesday that it would buy Abraxis BioScience in a cash and stock deal that values the company at $2.9 billion.
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Sarbanes-Oxley Gains Some Acceptance, Survey Finds
Posted: June 17th, 2010, 10:47pm EDT by By DEALBOOK
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Attitudes toward Sarbanes-Oxley, the accounting compliance law, improve as companies' executives gain familiarity with its requirements, a new survey finds.
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S.&P. Cuts BP Ratings, Citing Liabilities and Politics
Posted: June 17th, 2010, 7:24pm EDT by By DEALBOOK
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Standard & Poor's cut its credit ratings for BP and warned that it might downgrade its ratings again because of the growing liabilities from the enormous oil spill in the Gulf of Mexico.
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Another View: Can Biotech Survive Icahn?
Posted: June 3rd, 2010, 9:26am EDT by By DEALBOOK
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Bill George, a Harvard business professor, looks at the conflicts within the biotechnology industry between short-term and long-term gains in light of Carl C. Icahn's attempt to win board seats at Genzyme.
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Escape Clause Seen for Goldman and the S.E.C.
Posted: June 1st, 2010, 3:26pm EDT by By DEALBOOK
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Goldman Sachs might be able to take advantage of technical differences in the fraud sections of the Securities Act of 1933 and the Exchange Act of 1934 to reach a settlement with the S.E.C., according to CNBC.com.
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Another View: Market Makers Help Halt Crashes
Posted: May 27th, 2010, 12:08pm EDT by By DEALBOOK
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Michael S. Pagano, a finance professor at Villanova, argues that the key to preventing another flash crash may lie in preserving a role for market makers at the largest exchanges.
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Gentiva to Buy Hospice Care Firm for $1 Billion
Posted: May 24th, 2010, 9:24am EDT by By DEALBOOK
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Gentiva Health Services said Monday that it would acquire Odyssey Healthcare for about $1 billion in cash, creating the largest U.S. provider of healthcare services at home.
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Waddell Cited as Mystery Trader in Market Plunge
Posted: May 14th, 2010, 3:26pm EDT by By DEALBOOK
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A big mystery seller of futures contracts during the market meltdown last week was not a hedge fund or a high-frequency trader as many have suspected, but the money manager Waddell & Reed Financial, according to a document obtained by Reuters.
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Another View: Market Makers or Market Gamers?
Posted: May 4th, 2010, 7:41pm EDT by By DEALBOOK
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Michael Stumm, the chief executive of Oanda, argues that weak requirements on transparency and disclosure have enabled a conflict-of-interest culture to dominate the financial industry.
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Treasury Prepares 1.5 Billion Citi Shares for Sale
Posted: April 26th, 2010, 8:15am EDT by By DEALBOOK
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The Treasury Department said on Monday that it is preparing to sell 1.5 billion Citigroup shares, the next step in its efforts to withdraw from its big ownership position in the bank.
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Visa to Buy CyberSource for $2 Billion
Posted: April 21st, 2010, 9:32am EDT by By DEALBOOK
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Visa, the giant credit card company, said Wednesday that it would buy CyberSource, an online payment processor, for about $2 billion.
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Fuld: I Had Never Heard of Repo 105 as C.E.O.
Posted: April 19th, 2010, 6:17pm EDT by By DEALBOOK
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Lehman Brothers' former chief plans to tell a House panel that he'd never heard of a now-infamous accounting maneuver before a report last month.
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Another View: We Need a 'Blankfein Amendment'
Posted: April 14th, 2010, 7:43pm EDT by By DEALBOOK
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Lance E. Lindblom and Laura Shaffer of the Nathan Cummings Foundation argue that huge paychecks for top corporate executives are out of whack with reality -- especially at Goldman Sachs.
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ConocoPhillips to Sell Syncrude Stake to Sinopec
Posted: April 12th, 2010, 1:55pm EDT by By DEALBOOK
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ConocoPhillips' 9 percent stake in Syncrude Canada, the world's largest producer of light sweet crude oil from oil sands, will fetch $4.65 billion.
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Goldman Denies Conflict of Interest on Subprime
Posted: April 7th, 2010, 4:23pm EDT by By DEALBOOK
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Goldman Sachs argued in its annual letter to shareholders on Wednesday that it did not "bet against" its own clients at the height of the subprime mortgage crisis.
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MF Global Brings Corzine Back to Wall Street
Posted: March 23rd, 2010, 6:05pm EDT by By DEALBOOK
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The former governor of New Jersey agreed on Tuesday to become the chairman and chief executive of MF Global, a brokerage firm, and an operating partner at J.C. Flowers & Company, a private equity firm specializing in financial services companies.
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6 Arrested in British Insider-Trading Inquiry
Posted: March 23rd, 2010, 2:15pm EDT by By DEALBOOK
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Two senior financial market professionals and a hedge fund employee were among six men arrested in Britain on Tuesday on suspicion of being involved in a sophisticated and long-running insider-trading ring.
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Novell Rejects Elliott's Bid as 'Inadequate'
Posted: March 20th, 2010, 8:48pm EDT by By DEALBOOK
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Novell, a maker of business software, said Saturday that it had rejected Elliott Associates' unsolicited $2 billion takeover bid as "inadequate," saying the hedge fund's offer "undervalues the company's franchise and growth prospects."
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K.K.R. Files for an N.Y.S.E. Listing
Posted: March 12th, 2010, 8:15am EST by By DEALBOOK
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Kohlberg Kravis Roberts on Friday officially sought a listing on the New York Stock Exchange, the final step in its years-long effort to become a publicly traded private equity firm.
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Walgreen to Buy Duane Reade for $1.1 Billion
Posted: February 17th, 2010, 8:31am EST by By DEALBOOK
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Walgreen, the national pharmacy chain, said on Wednesday that it has agreed to buy Duane Reade Holdings, whose drugstores occupy many a New York City corner, for about $1.1 billion in cash.
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FirstEnergy to Buy Allegheny in $4.7 Billion Merger
Posted: February 11th, 2010, 9:29am EST by By DEALBOOK
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FirstEnergy agreed on Thursday to buy Allegheny Energy for $4.7 billion in stock, creating a giant electricity provider with customers spread across the Midwest and Mid-Atlantic.
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State Street to Pay $313 Million in Bond Case
Posted: February 4th, 2010, 2:15pm EST by By DEALBOOK
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State Street said Thursday that it had agreed to pay $313 million in penalties and restitution to settle charges by federal regulators and Massachusetts officials that it had misled investors about their exposure to subprime mortgage-backed securities in one of its bond funds.
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S.E.C. Seeks New Charge Against Bank of America
Posted: January 11th, 2010, 7:53pm EST by By DEALBOOK
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The Securities and Exchange Commission on Monday sought permission from a federal judge to add a new charge to its existing civil lawsuit against Bank of America, adding an accusation of failing to disclose huge losses at Merrill Lynch before a shareholder vote in December 2008.
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Citi's North American Retail Banking Head to Resign
Posted: January 11th, 2010, 9:30am EST by By DEALBOOK
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The head of Citigroup's North American consumer banking business, Teresa A. Dial, has stepped down for personal reasons and will become a senior adviser, the bank said on Monday. She will be replaced by Manuel Medina-Mora, the head of Citi's Latin America operations.
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Indictment Is Waived in Galleon Case
Posted: December 31st, 2009, 3:24pm EST by By DEALBOOK
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Anil Kumar, a former McKinsey & Company, director accused of leaking information in the Galleon Group hedge fund case, has agreed to waive indictment.
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Judge Approves CIT Group Reorganization Plan
Posted: December 8th, 2009, 3:21pm EST by By DEALBOOK
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The CIT Group, the large commercial lender, received bankruptcy court approval on Tuesday for its prepackaged reorganization plan, paving the way for it to exit Chapter 11 bankruptcy as early as this week.
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S.E.C. Accuses 3 New Century Ex-Officers of Fraud
Posted: December 7th, 2009, 2:58pm EST by By DEALBOOK
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The Securities and Exchange Commission said Monday that it had charged three former top officers of the New Century Financial Corporation with securities fraud, accusing it of misleading investors as New Century's subprime mortgage business was collapsing in 2006.
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Choice for Bear Trial Jury: Two Clashing Stories
Posted: November 6th, 2009, 8:02pm EST by By DealBook
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As closing arguments come to an end, the jury in the trial of two former Bear Stearns hedge fund managers will have to decide which version of reality they believe.
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Blackstone Reports $275 Million 3rd-Quarter Profit
Posted: November 6th, 2009, 10:02am EST by By DealBook
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The Blackstone Group on Friday reported a $275 million profit for the third quarter, as the giant publicly held private equity firm bounced back from the depths of the financial crisis last year.
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TPG and Pension Plan to Buy IMS Health
Posted: November 6th, 2009, 1:33am EST by By DealBook
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IMS Health, a health care data company, said Thursday that it had agreed to be acquired by the private equity firm TPG and Canada Pension Plan for $4 billion in cash.
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DealBook: BofA Shareholder Opposes Insiders to Replace Lewis
Posted: October 7th, 2009, 11:38pm EDT by By DEALBOOK
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The Finger family, a big and dissatisfied shareholder, wants Bank of America to pick an outsider to replace Kenneth D. Lewis as chief executive, arguing that the current top management is "tainted and not credible.".
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DealBook: BofA to Sell Part of Columbia Unit to Ameriprise
Posted: September 30th, 2009, 8:58am EDT by By DEALBOOK
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Bank of America has agreed to sell the long-term asset management business of Columbia Management, its mutual fund arm, to Ameriprise Financial for about $1 billion.
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DealBook: Bank of America to Give Congress More Documents
Posted: September 22nd, 2009, 10:18pm EDT by By DEALBOOK
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Bank of America has agreed to hand over more documents to a Congressional committee investigating its troubled takeover of Merrill Lynch.
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DealBook: The Dwindling Madoff Collection of Fine Homes
Posted: September 18th, 2009, 11:29pm EDT by By DEALBOOK
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If you missed out on buying Bernard L. Madoff's beach house in Montauk, N.Y., don't despair. There are still two Madoff homes on the block -- one in Manhattan and one in Palm Beach, Fla.
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DealBook: Pilgrim's Pride to Sell Majority Stake to JBS
Posted: September 16th, 2009, 11:44pm EDT by By DEALBOOK
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The poultry producer said that the United States affiliate of JBS, which is based in Sao Paulo, will pay $800 million in cash for 64 percent of the reorganized company.
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DealBook: Taking Stock of Morgan Stanley's New Chief
Posted: September 11th, 2009, 12:43pm EDT by By DEALBOOK
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Wall Street analysts and investors are taking stock of Morgan Stanley's choice for its next chief executive, which could signal a new approach for the securities firm.
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DealBook: Bank of America Lawyers Reject Cuomo’s Criticism
Posted: September 9th, 2009, 1:48pm EDT by By DEALBOOK
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The lawyers sharply rejecting its claim that the bank is hiding behind attorney-client privilege as its acquisition of Merrill Lynch is investigated.
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DealBook: Goldman Chief Warns on Overregulation
Posted: September 9th, 2009, 1:15pm EDT by By DEALBOOK
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Lloyd C. Blankfein said that multiyear, guaranteed pay contracts for bankers should be banned but also warned that overregulation could end up stifling the financial markets.
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DealBook: Cuomo Takes Aim at Bank of America's Lawyers
Posted: September 8th, 2009, 3:38pm EDT by By DEALBOOK
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Attorney General Andrew M. Cuomo fired another shot at Bank of America on Tuesday, asking the bank to allow its lawyers to be questioned.
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DealBook: Madoff’s Beach House Up for Sale
Posted: September 1st, 2009, 1:18pm EDT by By DEALBOOK
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This week, federal marshals are putting Bernard L. Madoff’s beach house on the market, in the first of a string of asset sales intended to raise funds for the investors he defrauded.
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DealBook: Barnes & Noble to Buy Firm From Chairman
Posted: August 10th, 2009, 4:18pm EDT by By DEALBOOK
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Barnes & Noble said it would buy a firm that operates college bookstores from Barnes & Noble’s chairman in a deal worth $596 million.
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DealBook: A.I.G. Picks Golub as Chairman
Posted: August 6th, 2009, 11:37pm EDT by By DEALBOOK
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The American International Group, the embattled insurance giant, said Thursday afternoon that its board has picked Harvey Golub, the former chief executive of American Express, as its new chairman.
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DealBook: Blackstone's Quarterly Profit Rises
Posted: August 6th, 2009, 4:05pm EDT by By DEALBOOK
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The Blackstone Group reported a $180.8 million second-quarter profit on Thursday, as the alternative-investment giant reported gains in assets under management in several main businesses -- but added that its core business of leveraged buyouts has yet to fully recover.
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DealBook: Morgan Stanley to Buy Back Treasury Warrant
Posted: August 6th, 2009, 2:38pm EDT by By DEALBOOK
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The firm said it agreed to pay $950 million to buy back a warrant it issued to the federal government as part of the broad financial rescue plan rolled out last fall.
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DealBook: S.E.C. to Seek Ban on Flash Orders, Schumer Says
Posted: August 4th, 2009, 3:08pm EDT by By DEALBOOK
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Sen. Charles Schumer had requested a ban on a technique that enables some firms to peek at investors’ stock orders.
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DealBook: Citi Names Three to Board
Posted: July 24th, 2009, 1:03pm EDT by By DEALBOOK
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Citigroup said it was adding three independent directors to its board, including a private equity executive and a former New York banking regulator.
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DealBook: Deal Doubts Weigh on VW Stock
Posted: July 20th, 2009, 12:33pm EDT by By DEALBOOK
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Shares of Volkswagen and Porsche fell Monday amid speculation that a merger agreement between the two automakers could be delayed or possibly derailed.
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DealBook: Treasury Picks Nine for Toxic Securities Plan
Posted: July 8th, 2009, 5:58pm EDT by By DEALBOOK
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The federal government on Wednesday finally unveiled the terms of the Public-Private Investment Partnership, including the naming of nine managers to buy bad loans from troubled financial firms.
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DealBook: JPMorgan, Morgan Stanley and Goldman Repay TARP Funds
Posted: June 17th, 2009, 2:58pm EDT by By DEALBOOK
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The three big financial firms joined a growing list of companies exiting the federal rescue program created last fall as Wall Street firms were collapsing.