Justin Sullivan/Getty Images
Pandora chief executive Joe Kennedy
Pandora Prices Its I.P.O. at $16 a Share
By EVELYN M. RUSLIThe demand for Pandora underscores the market’s heady exuberance for consumer Internet companies.
Harry Campbell
After Years Without Change, Cracks Appear in I.P.O. Process
By STEVEN M. DAVIDOFFThe underwriting process provides a vetting process and steady guidance for companies that want to go public, but in a heated market, the flaws in the system become more apparent.
After Earnings Lead to Share Drop, Glencore Denies ENRC Bid
Glencore said Wednesday that it was not actively considering a takeover of the Kazakh miner ENRC, triggering a clause in the British takeover code that prohibits the Swiss commodities trader from bidding for ENRC for six months.
Dimon’s New Line-up |
With the shake-up at JPMorgan Chase, Jamie Dimon has remade his inner circle, putting distance between himself and some top lieutenants, while promoting executives who powered through the crisis, The New York Times reports. Read more »
Deutsche’s Uncertain Heir |
Anshu Jain controls the Deutsche Bank businesses that can produce up to 90 percent of the bank’s profit, but his succession of Josef Ackermann as chief executive is in doubt, The New York Times reports. Read More »
Jonathan Fickies/Bloomberg News
William A. Ackman
Ackman Scores Big With Penney’s Latest Hire
News of J. C. Penney hiring Apple’s head of retail operations has made William Ackman a paper profit of $475.9 million.
Same Old Wall Street |
Reuters blogger Felix Salmon opines on the state of Wall Street nearly three years after the collapse of Lehman Brothers. “The ingredients that spelled disaster were simple: bigness, interconnectedness, and profitability,” he wrote in a piece for the Atlantic. “As of now, not only have we failed to fix these three problems, but we’ve made them all worse.” Read more »
Daily DealBook: Pandora’s Pending I.P.O.
The technology sector is seeing a flood of public offerings, with the latest, Pandora, set for Wednesday. Will the industry live up to investor expectations, or is this a repeat of the dot-com boom of 1999? DealBook’s Adrienne Carter and Evelyn M. Rusli discuss the deal of the day.
John Marshall Mantel for The New York Times
Danielle Chiesi outside the federal courthouse in Manhattan in January.
Danielle Chiesi’s Lawyers Seek Leniency, Blaming a Love Affair
Lawyers for a major figure in the Galleon insider trading case submitted a filing that at times reads more like a Harlequin romance novel than a legal brief.
Daniel Barry/Bloomberg News
Regulator: Wall Street Not Too Big to Fail
Michael H. Krimminger, a top Federal Deposit Insurance Corporation official, told Congress on Tuesday that regulators now have “the tools to end too big to fail.”
Daniel Acker/Bloomberg News
Graham Packaging's products include the plastic bottles for Heinz ketchup.
Graham Packaging Endorses Offer From Rank
The board of the Blackstone-controlled company finds the $25-a-share offer superior to an earlier deal with Silgan.
Mark Lennihan/Associated Press
Can it be done differently the next time?
What to Do When Financial Institutions Fail
Speed and a government financing entity will be essential to making liquidation authority work.
Casper Hedberg/Bloomberg
Ericsson's headquarters in Kista, Sweden.
Ericsson to Acquire Telcordia for $1.15 Billion
The telecommunications company Ericsson announced on Tuesday that it would buy Telcordia, a private equity owned company, for $1.15 billion.
The Regulatory Impasse |
A New York Times editorial calls for President Obama “to take off the gloves” when it comes to filling key regulatory posts, including supporting Elizabeth Warren to fill the top spot of the Consumer Financial Protection Bureau. “Mr. Obama and Senate Democrats should back Ms. Warren and expose to American voters just exactly whose interests the Republicans put first,” the piece said. Read more »
Loading Twitter messages...
