Author Archives: Editor - Business News

Ex-Dewey Senior Partner Says Probe News Scuttled Merger Deal

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Former Law School Roommates Take Charge in Chicago

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?Mad Dog? of Sports Radio Meets Match in Ex-Akin Gump Partner

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Wall St. tumbles as investors flee equities on Greek debt crisis

U.S. stocks fell sharply in heavy trading on Monday and the SP 500 and the Dow had their worst day since October after a collapse in Greek bailout talks intensified fears that the country could be the first to exit … Continue reading

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Microsoft hands display ads to AOL, maps to Uber

SEATTLE Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft … Continue reading

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U.S. stock futures up, euro sags as markets eye Greece

TOKYO U.S. stock futures edged up and the euro sagged in early Asian trading on Tuesday as Greece lurched toward defaulting on a debt payment due later in the session, raising the likelihood of the cash-strapped nation’s exit from the … Continue reading

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Puerto Rico governor calls for bankruptcy; adviser says island ‘insolvent’

NEW YORK Puerto Rico’s governor on Monday called for the commonwealth to be allowed to restructure its debts under U.S. bankruptcy code, while a newly appointed adviser to the U.S. territory said it is “insolvent” and will soon run out … Continue reading

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Musical Chairs at Kirkland & Ellis; Plus More Lateral Moves

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Rising interest rates pose new risk for banks: BIS

LONDON Rising interest rates after years of loose monetary policy will pose a fresh risk to banks’ ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday. A prolonged period of … Continue reading

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Volkswagen to launch budget car family in 2018: CEO in paper

FRANKFURT Germany’s Volkswagen (VOWG_p.DE) plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday. “We will bring a budget-car family to market … Continue reading

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