Andrew Harrer/Bloomberg News The Federal Reserve building. The Federal Reserve has taken criticism from many quarters for its program to buy government bonds in order to send interest rates even lower. DealBook recently talked to Christopher Whalen, managing director at Institutional Risk Analytics, about the Fed’s program of quantitative easing, known as QE2. Mr. Whalen’s [...]
Tony Avelar/Bloomberg News Mary Meeker Mary Meeker, a trailblazing analyst who became known as “queen of the Net” for her arguments on behalf of Internet stocks, is leaving Morgan Stanley. Ms. Meeker will join the venture capital firm Kleiner Perkins Caufield & Byers as a partner. Morgan Stanley sent out the following internal memo on [...]
Chris Ratcliffe/Bloomberg News BP agreed on Sunday to sell its majority stake in Pan American Energy to its partner in the joint venture, Bridas, for about $7.1 billion in cash, as the wounded oil giant continues to sell off assets. With the sale of Pan American, one of the biggest oil producers in Argentina, BP [...]
Jin Lee/Bloomberg News Millard S. Drexler, chairman and chief executive of J. Crew The buyout firms that are paying $3 billion for J. Crew are not just bidding on the retailer’s array of sequined blazers and gingham work shirts. They are trying to acquire the man whose vision inspired them: the company’s chairman and chief [...]
Correction Appended Aidan Crawley/Bloomberg News The Bank of Ireland branch in a building that once housed the Irish Parliament. The Irish press was abuzz with reports on Wednesday morning that the country’s government, fresh off its request for a bailout from the European Union, would take control of Bank of Ireland, the last large Irish [...]
Noah Berger/Bloomberg News Sean Parker says venture firms are interested in investing in companies that they could sell to Google or Microsoft. “There’s too much money chasing too few deals.” Sean Parker, the entrepreneur behind Napster and Facebook now turned investor, was talking about the state of the venture capital industry last week over coffee. [...]
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