Deal Professor says a pork deal may hinge on the risk for uproar. | Records show tension among the Obama administration over British banks. | Sallie Mae will split old loans from new. | Switzerland to allow its banks to disclose hidden client accounts. | Buyout offer brings China into the orbit of Club Med. | Powerhouse of the uranium enrichment industry seeks a way out. | Entrepreneurs help to build start-ups by the batch.
A look back on our reporting of the past week’s highs and lows in finance.
Appeals Court Revives Financier’s Suit Against Citigroup | A federal appeals court ordered a new trial in the legal battle between the bank and the British financier Guy Hands over the buyout of the music company EMI. DealBook »
Deal Professor: Pork Deal May Hinge on Risk for Uproar | Steven M. Davidoff says that a national security review is no picnic given American anxiety about China. DealBook »
- Needing Pork, China Is to Buy a U.S. Supplier | If completed, the $4.7 billion deal for Smithfield Foods would be the biggest takeover of an American company by a Chinese concern. DealBook »
Sallie Mae Will Split Old Loans From New | The move will create a new home for more than $100 billion of student loans amid concerns that graduates hobbled by debt are falling behind on their payments. DealBook »
Deal Professor: A Hotel Company Is Hobbled by a Deal Struck in Tough Times | In 2009, the Morgans Hotel Group received financing under terms that favored Ronald Burkle; Steven M. Davidoff says that it is now finding it hard to unwind the relationship. DealBook »
Buyout Offer Brings China Into the Orbit of Club Med | The French resort operator received a $700 million offer led by its two largest shareholders, an investment unit of the French insurer AXA and a Chinese conglomerate called Fosun International. DealBook »
Powerhouse of the Uranium Enrichment Industry Seeks a Way Out | Urenco, the global leader in its field, wants to sell for reasons of geopolitics, economics and the notion of an energy source that could turn deadly. DealBook »
Eye Care Company Is Being Sold to Valeant | Bausch & Lomb agreed to sell itself to the Canadian-based company for about $8.7 billion, sidestepping the lengthier process of an initial public offering. DealBook »
CME Group Sanctions Goldman Sachs and Top Wall Street Trader | The investment bank and Glenn Hadden have been fined over a Treasury futures trade in 2008. Mr. Hadden also faces a 10-day suspension. DealBook »
Wall Street Turns to ‘Boot Camps’ to Train New Workers | Tens of thousands of students at top business schools and scores of new hires at financial firms take courses on Excel. DealBook »
The Trade: A Flawed System That Suits the Shareholders Just Fine | Jesse Eisinger of ProPublica says that the recent vote at JPMorgan Chase to preserve Jamie Dimon’s dual role as chief executive and chairman suggests that shareholders may be part of the problem. DealBook »
Petraeus Back in Spotlight, via Wall St. | Kohlberg Kravis Roberts hired the retired four-star general and former director of the Central Intelligence Agency as chairman of the new KKR Global Institute. DealBook »
Nasdaq Is Fined $10 Million Over Mishandled Facebook Public Offering | The Securities and Exchange Commission said the exchange’s executives proceeded with trading although they knew of programming errors. DealBook »
I.P.O. for Empire State Building Wins Backing of Shareholders | The plan’s approval is a big victory for Peter L. Malkin and his son Anthony E. Malkin, the real estate barons who control the landmark tower but are minority owners. DealBook »
Entrepreneurs Help to Build Start-Ups by the Batch | Investors with experience in technology companies are choosing to back multiple projects at one time, with more active roles than those of venture capitalists. DealBook »
Records Show Tension Among Obama Officials Over British Banks | Government documents offer a glimpse into the Obama administration’s decision-making as it prepared to take actions against HSBC and Standard Chartered. DealBook »
Switzerland to Allow Its Banks to Disclose Hidden Client Accounts | The watershed move is intended to help resolve a long-running dispute with the United States over tax evasion. DealBook »
- Switzerland Weighs Deal in Tax Cases | Offshore private banking services allowed at least tens of thousands of wealthy Americans to evade federal taxes. DealBook »
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‘I Crave My Pigmeat’ | China’s pork deal is a good excuse to celebrate with Blind Boy Fuller, the father of the Piedmont Blues. DealBook »
