Author Archives: Editor - Business News

Three Deals Add Up to More M&A Work for Kirkland

Written on May 21, 2013 by Editor - Business News

Font Size: BynbspBrian BaxterContactAll Articles The Am Law Daily May 20, 2013 Kirkland Ellis is advising longtime private equity client Vista Equity Partners on its nearly $1 billion purchase of cyber-security software maker Websense, while fellow private equity firm Landmark … Continue reading →

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Simpson Helps Yahoo, Tumblr Connect

Written on May 21, 2013 by Editor - Business News

Simpson Thacher Bartlett is advising Yahoo on the onetime Internet leader’s largest acquisition in a decade: the $1.1 billion purchase of New York–based blogging and social media platform Tumblr. The all-cash deal—news of which began to leak over the weekend … Continue reading →

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Pandit Redux: Ex-Citi Boss Taps Davis Polk for Comeback

Written on May 21, 2013 by Editor - Business News

Font Size: The Am Law Daily May 20, 2013 Davis Polk Wardwell is advising former Citigroup boss Vikram Pandit, who was forced out as head of the global banking giant last year, on his return to the financial services industry … Continue reading →

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Actavis to buy Warner Chilcott in $5 billion stock deal

Written on May 20, 2013 by Editor - Business News

By Caroline Humer and Ransdell Pierson Mon May 20, 2013 2:21pm EDT (Reuters) – Generic drugmaker Actavis Inc, itself a recent takeover target, said on Monday it would buy specialty pharmaceutical company Warner Chilcott Plc for $5 billion in stock … Continue reading →

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Apple to argue for tax reform, defend tax practices on Tuesday

Written on May 20, 2013 by Editor - Business News

SAN FRANCISCO | Mon May 20, 2013 3:23pm EDT SAN FRANCISCO (Reuters) – Apple Inc will argue for comprehensive corporate tax reform when it goes before a Senate subcommittee on Tuesday, becoming the latest technology company to face questions over … Continue reading →

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Citi names new heads of mortgages, private bank, Citi Holdings

Written on May 20, 2013 by Editor - Business News

NEW YORK | Mon May 20, 2013 4:04pm EDT NEW YORK (Reuters) – Citigroup Inc Chief Executive Michael Corbat named Jane Fraser as the new head of the bank’s mortgage business on Monday ,as current CitiMortgage CEO Sanjiv Das plans … Continue reading →

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Wall Street ends near flat; correction worry rises

Written on May 20, 2013 by Editor - Business News

NEW YORK | Mon May 20, 2013 4:14pm EDT NEW YORK (Reuters) – U.S. stocks ended little changed on Monday with indexes hovering near record levels as concerns about a correction cut earlier gains that were boosted by acquisition activities. … Continue reading →

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On fleeting Hong Kong trips, Chinese make frugal fashionable

Written on May 20, 2013 by Editor - Business News

By Donny Kwok and Lavinia Mo HONG KONG | Sun May 19, 2013 10:26pm EDT HONG KONG (Reuters) – Armed with empty suitcases and same-day return tickets, an army of mainland Chinese is descending on suburban outlet shopping malls and … Continue reading →

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Analysis: Little sign Abe can shake up Japan’s inbound FDI

Written on May 20, 2013 by Editor - Business News

By Stanley White TOKYO | Mon May 20, 2013 3:40am EDT TOKYO (Reuters) – Japan risks missing, yet again, an opportunity to use foreign investment to help fuel sustained economic growth that has eluded it for the last two decades. … Continue reading →

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Global shares grind higher, yen edges up on Amari comments

Written on May 20, 2013 by Editor - Business News

By Marc Jones LONDON | Mon May 20, 2013 3:45am EDT LONDON (Reuters) – Rising optimism about global growth pushed world shares to a near five-year high on Monday, while comments from Japan’s economy minister that consumers could suffer if … Continue reading →

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