As investors bail out, SAC shows a brave face. | Debt deal in Alabama will cost JPMorgan. | Wall St. buyers behind the rise in house prices. | A tale of Wall St. excess.
A look back on our reporting of the past week’s highs and lows in finance.
Inside Trade Is Suspected in Smithfield Acquisition | The Securities and Exchange Commission froze the assets of a trader based in Bangkok, as it investigates a scheme tied to the deal with a Chinese meat processor. DealBook »
I.B.M. Buys SoftLayer, a Cloud Computing Firm | As businesses demand more services delivered over the Internet, the titans of technology are stepping up their offerings delivered from data centers afar, so-called cloud computing. DealBook »
In China, Ruling Raises Concern of a Chill on Foreign Investment | The Supreme People’s Court ruled that agreements between a Hong Kong billionaire and mainland companies amounted to “concealing illegal intentions with a lawful form.†DealBook »
Bank of Ireland Bond Sale Confirms a Credit Boom | Investors may face major losses if companies cannot repay the borrowed money when interest rates start to rise. DealBook »
Wall St. Buyers Behind the Rise in House Prices | Homes in struggling markets are being snapped up by big investment companies, shutting out regular buyers and creating concern about soaring prices. DealBook »
As Investors Bail Out, SAC Shows Brave Face | The hedge fund, which is under investigation for insider trading, told employees in an e-mail that it was stable despite a surge in investor withdrawals. DealBook »
- Wall Street Transfixed by an SAC Deadline | A quarterly deadline for investors to withdraw money from the troubled hedge fund SAC Capital Advisors was the talk of Wall Street. DealBook »
- An Earlier Hedge Fund Inquiry May Have Led to the SAC Capital Case | While investigating Sedna Capital, a hedge fund run by Rengan Rajaratnam, the government found communication between him and an SAC trader about tech stocks. DealBook »
- Hedge Fund, Under Fire, Braces for Withdrawals | SAC Capital Advisors could shut its door to outside investors and manage only internal funds. DealBook »
Deal Professor: F.B.I. Pick Could Offer Look Into World of Ray Dalio | Steven M. Davidoff says that James B. Comey, President Obama’s reported choice for F.B.I. director, may be able to offer insight into the culture at Bridgewater Associates. DealBook »
A Tale of Wall St. Excess | Turney Duff traces his rise and descent in “The Buy Side,†a memoir about the underbelly of big-money, fast-paced hedge funds. DealBook »
New Exchange Is Formed for Trading Patent Rights | The Intellectual Property Exchange International, or IPXI, wants to make the patent licensing marketplace more transparent. DealBook »
Pressure in Britain Over What to Do With Bailed-Out Banks | The archbishop of Canterbury, a former chancellor of the Exchequer and the outgoing governor of the Bank of England are calling for the breakup of the Royal Bank of Scotland. DealBook »
Debt Deal in Alabama Will Cost JPMorgan | Ultimately, JPMorgan Chase will have given up nearly $1.6 billion as a result of its dealings with the county. DealBook »
- A County in Alabama Strikes a Bankruptcy Deal | Jefferson County reached an agreement to refinance most of the debt that led to its $4.2 billion municipal bankruptcy. DealBook »
S.E.C. Proposes Changes in Money Funds | The recommendations, now open for public comment, were criticized for not going far enough but praised by advocates of the money fund industry. DealBook »
- S.E.C. to Vote on Proposal to Overhaul Money Funds | The proposal, similar to one that stalled last summer, is intended to limit risk in the money market fund industry. DealBook »
‘I Will Survive’ | Gloria Gaynor has a message for all those fair-weather investors who are fleeing Steven Cohen’s hedge fund. YouTube »
