Former New York Govenor George Pataki has joined the executive board of MidOcean Partners, a private-equity firm run by a one-time Deutsche Bank executive, Ted Virtue. Mr. Pataki, who left office two years ago, is the latest in a long line of ...
Yahoo said on Thursday that it would add the former chief executives of Viacom and Nextel Partners to its board as part of the company’s deal to avoid a proxy fight with the investor Carl C. Icahn. The company chose Frank J. Biondi Jr., the former ...
The German insurance company Allianz has struggled to find a buyer for its banking unit, Dresdner, in the face of subprime write-downs and a tight credit market. A sale is considered a crucial step in the consolidation of the German banking sector, The ...
Note to victims of accidents, medical malpractice, broken contracts and the like: When you sue, make a deal. That is the clear lesson of a soon-to-be-released study of civil lawsuits that has found that most of the plaintiffs who decided to pass up a ...
STMicroelectronics, a semiconductor company, sued the Credit Suisse Group on Wednesday, saying that the bank had defrauded STMicroelectronics by investing its cash in unauthorized and unsuitable investments. STMicroelectronics says that it instructed ...
Shares in Julius Baer Holding rose Thursday amid rumors British bank Standard Chartered is preparing a bid, valuing the Swiss private bank at over 23 billion Swiss francs ($2.2 billion) Financial News said that the Zurich-based bank declined to comment ...
Bear Stearns shares pared losses late Tuesday after securities regulators said they were comfortable with capital levels at the largest U.S. investment banks, including Bear. Analysts, however, remained continued to cut their targets for the troubled ...
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