Author Archives: Editor - Business News

Adding Up What Banks Could Owe in MBS Litigation

Since the details of JPMorgan’s settlement were revealed in December, Wall Street firms have been poring over publicly available data to estimate their clients’ potential exposure from soured residential mortgage–backed securities. The total price tag for the remaining 15 largest … Continue reading

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Amid IPO Wave, Firms Ride Rising Fee Tide

Monday kicked off a slow week for initial public offerings in the U.S., with only four new listings slated to hit the market. Nonetheless, this month will be the most active April for new filings in more than a decade, … Continue reading

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SodaStream shares spike on report of Starbucks talks

(Reuters) – Shares in SodaStream International Ltd (SODA.O) rose as much as 17 percent on Wednesday after the Israeli business newspaper Globes said Starbucks Corp (SBUX.O) was in advanced talks to buy 10 percent of the home soft drink maker, … Continue reading

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IBM unveils new server model to tackle big data, analytics

NEW YORK (Reuters) – International Business Machines Corp, in its latest attempt at reviving demand for its hardware products, is launching high-end system servers that it says are 50 times faster than its closest competitor at analyzing data. The POWER8 … Continue reading

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Telekom Austria proves slippery target for Slim

VIENNA (Reuters) – Tycoon Carlos Slim stumbled in his bid for control of Telekom Austria (TELA.VI) on Wednesday, as a meeting designed to rubber-stamp a co-ownership deal with the Austrian government was boycotted by labor representatives unhappy with the proposal. … Continue reading

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Special Report: For private deals, no one is watching the watchdogs

OMAHA, Nebraska (Reuters) – From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick Associates … Continue reading

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The Careerist: Only Women and Wimps Work Part-Time

Pirvu/iStock I wish I could say that Yale Law Women’s newly released report on family friendly law firms fills me with hope about gender equality in the near future. But I’d be lying. Although almost all major firms have some … Continue reading

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M&A Lawyers Line Up for Major Pharma Deals

Photo by Emre Arican A host of law firms are reaping deal work from a major hostile bid for Botox maker Allergan Inc. as well as a series of transactions involving Swiss pharmaceutical giant Novartis. Canadian drug company Valeant Pharmaceuticals … Continue reading

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The Churn: Gibson Lands Ropes SF Head, Plus More Lateral Moves

Illustration by Paul Dilakian JOSEPH BORYSHANSKY is headed back to Akin Gump Strauss Hauer Feld after six years as a senior trial counsel in the U.S. Securities and Exchange Commission’s enforcement division. Boryshansky, previously a litigation counsel at Akin Gump, … Continue reading

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Wal-Mart to report how compliance targets impacted executive pay: WSJ

(Reuters) – Wal-Mart Stores Inc (WMT.N) is set to report as soon as Wednesday on how its executives performed on their goals to overhaul compliance operations and how that affected their pay, the Wall Street Journal reported. The company’s board … Continue reading

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