Clifford Chance, Weil Help Flip French Food Firm

Courtesy of Symrise Four months after hiring advisers to start shopping French food ingredients maker Diana Group, private equity firm Ardian has found a potential buyer in German flavors and fragrances giant Symrise, which has agreed to pay $1.8 billion … Continue reading


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The Churn: Bingham Hedge Fund Duo Defects, Plus More Lateral Moves

Illustration by Paul Dilakian UPDATE: 4/16/14, 8:45 p.m. EDT. Information on Bingham partner James Snell’s departure for Perkins Coie has been added to the seventh and eighth paragraphs of this story. Proskauer Rose has nabbed two veteran New York hedge … Continue reading


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Profit Pressure Prompting Firm Leaders to Swing Ax

Cristian Baitg/iStock The first part of 2014 is looking a lot like layoff season for the nation’s big law firms. Since the start of the year, seven prominent firms—six of them members of The Am Law 200—have cut their nonlawyer … Continue reading


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Iraqi murder claims a ‘conspiracy’

16 April 2014 Last updated at 16:54 The inquiry is concerned with the events following a fierce firefight on 14 May 2004 Allegations that British troops murdered Iraqis in the aftermath of an infamous 2004 battle were the result of … Continue reading


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Coulson ‘heard Blunkett voicemails’

16 April 2014 Last updated at 17:20 Andy Coulson is a former Downing Street director of communications Andy Coulson has revealed for the first time that he did listen to private voicemail messages relating to former home secretary David Blunkett. … Continue reading


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UK unemployment rate falls to 6.9%

16 April 2014 Last updated at 11:16 Unemployment has been falling for 12 months in a row The number of people out of work in the UK has fallen by 77,000 to a five-year low of 2.24m in the three … Continue reading


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Wage rises catch up with inflation

16 April 2014 Last updated at 12:35 Wages are rising faster than inflation for the first time in six years After nearly six years of falling real wages, rises in weekly earnings have finally caught up with inflation. Weekly wages, … Continue reading


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Starbucks to move European base to London, pay more UK tax

LONDON (Reuters) – Starbucks Corp (SBUX.O) will move its European headquarters to London from the Netherlands this year and pay more tax in the UK as a result, the company said on Wednesday. The shift by the world’s largest coffee … Continue reading


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AT&T threatens to sit out spectrum auction if FCC adopts proposed rules

WASHINGTON (Reuters) – ATT Inc (T.N) may decide to sit out the major upcoming U.S. auction of airwaves if the regulators adopt rules that reserve some of the spectrum for smaller carriers, the No. 2 wireless company said in a … Continue reading


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BofA reports first quarterly loss since 2011 on lofty legal bill

(Reuters) – Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. … Continue reading


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