NEW YORK, Dec 6- Top U.S. cable provider Comcast Corp has tapped JPMorgan Chase& Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said. Representatives for Comcast and JPMorgan declined to comment.» Read More
CNBC's Julia Boorstin updates us on recent acquisition deals for trophy publishing assets by high-net-worth individuals. Steven Levy, Wired senior writer, provides insight into Jeff Bezos-Washington Post deal.
Aug 6- As the American newspaper business began its red-ink slide in the late 2000 s, I fully expected a billionaire to rescue the financially struggling Washington Post. Unlike Bezos, Bloomberg had toyed in semi-public with the idea of buying either the New York Times, the Wall Street Journal, or the Financial Times.
Aug 6- Dish Network Corp, the second-largest U.S. satellite TV company, posted a net loss in the second quarter as it took a $438 million charge related to satellite acquisitions, and reported a decline in gross pay-TV subscribers. Dish bought hybrid satellite and land-based communications company DBSD North America for about $1.4 billion in 2011..
*Sony says spinoff plan would hinder synergies between content, hardware. TOKYO, Aug 6- Japan's Sony Corp on Tuesday rejected a proposal from activist shareholder Daniel Loeb to partially spin off its entertainment business but the billionaire investor vowed to keep talking with the company and to explore other options.
TOKYO, Aug 6- A group including former U.S. insurance magnate Maurice "Hank" Greenberg and an Abu Dhabi sovereign fund have agreed to buy a prominent Tokyo office building for $1 billion, the biggest property deal in Japan since February, people with direct knowledge of the transaction said.
TOKYO, Aug 6- New York- based hedge fund Third Point, led by billionaire Daniel Loeb, said on Tuesday it would continue talking with Sony Corp and explore further options after the electronics maker's board rejected a proposal to partially list its entertainment arm.
*Sony says spinoff plan would hinder synergies between content, hardware. TOKYO, Aug 6- Japan's Sony Corp on Tuesday rejected a proposal from activist shareholder Daniel Loeb to spin off part of its entertainment business, arguing it could still squeeze synergies from its marriage of content and hardware while promising greater disclosure.
HO CHI MINH CITY, Aug 5- Tycoon Henry Nguyen mopped floors, flipped burgers and even cleaned toilets over a 10- year campaign to convince McDonald's Corp to let him bring Big Macs and Happy Meals to communist Vietnam.
That is, until the SEC decided to bring a civil fraud suit against former Goldman Sachs Vice President Fabrice Tourre, the highest profile case to emerge from the agency's investigations into the causes of the 2008 financial crisis. The SEC accused Tourre, 34, of misleading investors in a synthetic collateralized debt obligation called Abacus 2007- AC1.
Since the financial crisis, the wealthy have become the nation's top cash hoarders, filling up deposit accounts and money markets at a rapid clip.
LOS ANGELES, Aug 2- Actor-producer George Clooney criticized the growing influence of hedge fund head Daniel Loeb, a big Sony Corp shareholder who wants the conglomerate to spin off part of its entertainment division. A spokesperson at Third Point, which has a 6.9 percent stake in Sony Corp, said the company had no comment.
*PM Letta says Italy needs stable government. ROME, Aug 2- Italy's centre right must push through justice reform or withdraw from the coalition government, Silvio Berlusconi told his People of Freedom party on Friday after his conviction for tax fraud was upheld by the supreme court.
When asked "At what age do you expect to retire?" nearly one-third of those with annual earnings of $750,000 or more answered "over 70." Fifteen percent say they never plan to retire.
ROME, Aug 2- A supreme court ruling upholding a tax fraud conviction against former centre-right leader Silvio Berlusconi has left the fate of Italy's fragile ruling coalition in the balance, although his supporters said the government would not be brought down.
NEW YORK, Aug 1- A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, in a big victory for the U.S. Securities and Exchange Commission.
ROME, Aug 2- A ruling by Italy's supreme court upholding a tax fraud conviction against former premier and centre-right leader Silvio Berlusconi has left the fate of the country's fragile ruling coalition resting in the balance.
The SEC says it has brought enforcement actions against 157 people and entities and collected $2.68 billion in penalties and other monetary judgments in response to the crisis.
ROME, Aug 1- Italy's supreme court on Thursday upheld a jail sentence against Silvio Berlusconi for tax fraud in a devastating blow to the four-times prime minister that could throw the country's fragile coalition government into crisis.
ROME, Aug 1- Italy's supreme court on Thursday upheld a jail sentence against Silvio Berlusconi for tax fraud in a devastating blow to the former prime minister that could throw the country's fragile coalition government into crisis.
NEW YORK, Aug 1- A jury found former Goldman Sachs Group Inc vice president Fabrice Tourre liable for fraud for his role in a failed mortgage deal that cost investors $1 billion, giving the U.S. Securities and Exchange Commission a big victory.