9:49 p.m. | Updated In an unexpected move, Groupon has walked away from Google’s $6 billion takeover offer, according to a person close to the company, who was not authorized to discuss the matter publicly. The brush-off, first reported by The Chicago Tribune’s Breaking Business Web site on Friday evening, at least temporarily thwarts Google’s [...]
9:31 a.m. | Updated LONDON – Frederick A. Goodwin, the former chief executive of Royal Bank of Scotland widely blamed for the bank’s demise, was cleared by Britain’s financial regulator of any major wrongdoings. The Financial Services Authority said Thursday it had completed a 17 months’ investigation together with PricewaterhouseCoopers into R.B.S. as one of [...]
3:08 p.m. | Updated The bailout of Ireland arrived hand in hand with a panicky pullout of bank deposits, providing yet more proof of how hard it is for financial institutions to brace themselves against panics and crises. Indeed, it is not too difficult to think that a version of the Irish banking crisis could [...]
7:35 a.m. | Updated Exuberance made a comeback this year at Josh Koplewicz’s annual Halloween party. More than 1,000 people packed into a 6,000-square-foot space at the Good Units night club in Manhattan, a substantially larger crowd than in the last several years. The open bar was sponsored by Russian Standard vodka, and Mr. Koplewicz, [...]
9:50 a.m. | Updated When Attorney General Andrew M. Cuomo of New York filed charges against the financier Steven L. Rattner last week related to a kickback scheme involving the state’s pension fund, no one expected Mr. Rattner to take it sitting down. Well, actually, Mr. Rattner did take it sitting down — on the [...]
9:58 a.m. | Updated Novell, the software maker, said on Monday that it had agreed to be acquired by the Attachmate Corporation for $2.2 billion in cash. Novell also plans to sell some intellectual property assets for $450 million to a consortium of technology companies organized by Microsoft. Attachmate’s takeover is contingent on the successful [...]
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