Friday, December 9, 2011
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TOP STORY
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White Collar Watch: Corzine's Testimony Came With
Plenty of Caveats
Peter J. Henning says that MF Global's former chief
executive, Jon S. Corzine, was gingerly questioned by the
House Agriculture Committee for almost three hours on
Thursday, in the end saying little enlightening about the
firm's collapse or the customer money have gone missing.
DEALBOOK:
http://dealbook.nytimes.com/20
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Live Blog: MF Global Bankruptcy Hearing
MF Global is in bankruptcy court again on Friday, one day
after the failed brokerage's chief executive, Jon S.
Corzine, testified before a congressional panel about the
girm's demise.
DEALBOOK:
http://dealbook.nytimes.com/20
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http://www.nytimes.com/dealboo
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1. DEALBOOK HIGHLIGHTS
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An Orange and Black Eye for 2 Banks
University recruiting sessions by JPMorgan Chase and Goldman
Sachs were disrupted this week by stealth protesters from
the Occupy Princeton movement.
DEALBOOK:
http://dealbook.nytimes.com/20
Falcone Receives Wells Notice From S.E.C.
Philip Falcone, who runs the hedge fund Harbinger Capital
Partners, received a Wells Notice on Thursday, an indication
that the regulatory agency is considering enforcement
action.
DEALBOOK:
http://dealbook.nytimes.com/20
Former Chairman of Anglo Irish Bank
Arrested
The former chairman and chief executive of the bankrupt
Anglo Irish bank was arrested Friday in connection with an
investigation into alleged fraud at the firm.
DEALBOOK:
http://dealbook.nytimes.com/20
Yahoo's Alibaba Quandary
Yahoo's 43 percent stake in Alibaba, the Chinese Internet
giant, is worth billions of dollars. However, Alibaba's
shareholders have the option to repurchase that stake
through a right of first refusal.
DEALBOOK:
http://dealbook.nytimes.com/20
Thoma Bravo Acquires Blue Coat Systems for $1.3
Billion
The acquisition of Blue Coat -- the third enterprise
software transaction in seven days -- is yet another sign
that deal-making in the sector is heating up.
DEALBOOK:
http://dealbook.nytimes.com/20
Japan Calls for Action Against Citigroup and
UBS
Japanese financial regulators called on Friday for
penalties against Citigroup and UBS, accusing them of trying
to manipulate interest rates at which they borrow from each
other.
DEALBOOK:
http://dealbook.nytimes.com/20
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2. BUZZ TRACKER
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Marc Andreessen, Not Yahoo's Next Chief
Venture capitalist Marc Andreessen clarified on his blog on
Friday that neither he nor his partner Jeff Jordan will take
an operational role at Yahoo. However, the founder of
venture firm Andreessen Horowitz is considering a board
seat, according to people familiar with the matter, if an
investor group led by Silver Lake is successful in its bid
for a minority stake in the Internet portal.
blog.pmarca.com
http://blog.pmarca.com/2011/12
Moody's Downgrades French Banks
Moody's Investors Service downgraded the three largest
banks in France on Friday and said there was a "very
high" probability that the French government would step in
to support them if conditions worsened. The ratings agency
cited the problems that each bank has had recently in
raising money on the open market.
The New York Times
http://www.nytimes.com/2011/12
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3. LOOKING AHEAD
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In the United States
On Monday, the Treasury releases the federal budget for
November.
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