A number of sides are facing off in our financial coverage of the past week. Since we’ve already blown our NCAA college basketball brackets, lets try out the concept with the news from Wall Street.
We’ll reveal the completely scientific results next week.
A look back on our reporting of the past week’s highs and lows in finance.
FRIDAY
Mt. Gox Says It Has Found 200,000 Bitcoins Worth About $114 Million | The Tokyo-based Bitcoin exchange that collapsed and filed for bankruptcy last month said it had found 200,000 Bitcoins that were held in an “old-format wallet,†or digital storage file. DealBook »
Media General to Buy LIN Media, Creating Large TV Broadcaster | Media General will pay $1.6 billion in a cash and stock for LIN Media, creating a company that will own 74 stations and reach 24 percent of the American market. DealBook »
Tycoon Sells Stake in Retail Arm, Forgoing I.P.O. | Li Ka-shing agrees to sell a stake of A.S. Watson, which has a global network of more than 10,000 stores, to Temasek in Singapore for $5.7 billion. DealBook »
THURSDAY
New Capital Could Raise Airbnb Value to $10 Billion | The couch-surfing company is close to raising more than $400 million in a new round of financing, which could give it a valuation of more than $10 billion, people briefed on the matter said on Thursday. DealBook »
$80 Million for 6 Weeks for Cable Chief | Robert D. Marcus will receive a severance payment that amounts to more than $1 million a day for the six weeks he ran Time Warner Cable before agreeing to sell. DealBook »
New York Fed Chief Expresses Concern on New Leverage Rule | The president of the Federal Reserve Bank of New York raised the possibility that a stricter cap on the amount of borrowing that the biggest banks can do could inhibit the Fed’s ability to conduct monetary policy. DealBook »
Most Large Banks in U.S. Could Cope in Event of Turmoil, Fed Says | The Fed, in its latest annual stress test of financial system, said the banks had adequate capital to withstand a severe downturn. DealBook »
Trial Lawyer Picked to Lead Chancery Court | Andre G. Bouchard, who has represented both plaintiffs and defendants in corporate battles, was nominated on Thursday to lead Delaware’s Chancery Court, the nation’s leading court for business disputes. DealBook »
WEDNESDAY
A Mystery: Who Are the Dewey Secret 7? | Some lawyers wonder whether the district attorney agreed to any sweetheart deals with the seven unnamed cooperators who might have avoided jail, or pleaded to a lesser charge instead of a felony. DealBook »
Traders of Tips Meet at Grand Central, and Eat the Evidence | The government’s case against two Wall Street insiders laid bare an elaborate if somewhat old-fashioned plan, where a middleman would relay tips, written on a Post-it note or napkin, at Grand Central Terminal’s four-faced clock. DealBook »
Placing Their Bets on Bitcoin | A growing field of technology experts, financial players and entrepreneurs believe that mainland China’s unfavorable regulation of Bitcoin has put Hong Kong on the edge of something big. DealBook »
Chase Commodities Unit to Be Sold for $3.5 Billion | The sale, to the Mercuria Energy Group of Switzerland, is part of a trend by Wall Street banks of trying to exit commodities trading. DealBook »
The Trade: Questions Over Goldman Deal as Investors Sit in the Dark | In a fight over a hotel company that went “dark,†investors have accused Goldman Sachs of having conflicting interests, writes Jesse Eisinger in The Trade column. DealBook »
TUESDAY
New Alliances in Battle for Corporate Control | The abrupt rise and increasing success of activist investors are forcing big money managers to reassess their traditionally passive role as shareholders. DealBook »
Costly Loans Are Drawing Attention From States | States are increasing efforts to shield vulnerable Americans from short-term loans with interest rates that can exceed 300 percent. DealBook »
Inquiry Into High-Speed Trading Widens | Attorney General Eric Schneiderman announced an investigation into services that allow these traders to profit on information before other investors even see it. DealBook »
Investors Buy Stakes in Bitcoin Firm | The partnership represents a significant step in the push to move Bitcoin into the financial mainstream. DealBook »
Dissidents Claim Victory Against CommonWealth | A shareholder vote set in motion a process that will almost certainly result in the ouster of Barry M. Portnoy and his son, Adam D. Portnoy, who control CommonWealth. DealBook »
Deal Professor: Ruling Highlights Unequal Treatment in Penalizing Corporate Wrongdoers | A case involving the sale of the Rural/Metro Corporation shows how Delaware law helps directors avoid penalties for misconduct, Steven Davidoff writes in the Deal Professor column. DealBook »
MONDAY
Foreign Investors in Russia Vital to Sanctions Debate | More than a quarter of a trillion dollars has flowed into the coffers of Russia Inc., part of a broad push by yield-hungry investors into emerging markets. DealBook »
Dealbook Column: Hedge Fund Spars With A Nameless Blogger | The case by David Einhorn’s firm against Seeking Alpha could be a watershed for confidential information being posted anonymously. DealBook »
Bond Insurer Files Suit Against Detroit in Setback for Bankruptcy Plan | The Financial Guaranty Insurance Company wants to be paid back for the $1.4 billion it claims it loaned Detroit’s pension fund in 2005. DealBook »
Judge in Germany Dismisses Lawsuit Against Porsche | The decision was the latest in a series of court victories by Porsche Holding over suits filed by hedge funds that lost billions betting against Volkswagen shares. DealBook »
SUNDAY
Vodafone Expected to Buy Ono, a Spanish Cable Operator | The deal would give Vodafone, flush with cash after selling its Verizon Wireless stake, a way to go head-to-head against Telefónica in Spain. DealBook »
2 Oligarchs in $7 Billion Deal for a German Oil Company | RWE said it had reached a preliminary agreement to sell its oil and natural gas subsidiary, RWE Dea, to the Russian billionaires Mikhail Fridman and German Khan for 5.1 billion euros. DealBook »
WEEK IN VERSE
‘One Shining Moment 2013’ | “I asked you guys to be fighters,†said Miami’s coach. “You know what I saw out there? Muhammad Ali.†YouTube »
