If you prefer CNBC to NBC Sports, check out DealBook’s alternative programming guide to the Winter Olympics.
| Alpine Skiing | Horrific crashes. | Bankruptcy | Horrific collapses. | Olympics |
| Biathlon | Combines random sport with big guns. | Activist Investors | Combines random industry with big egos. | Wall St. |
| Bobsleigh | Jamaican sledders overachieving. | Currency Trading | German bankers under investigation. | Olympics |
| Cross Country Skiing | Downhill skiing too exciting. | Emerging Markets | Rising interest rates too unnerving. | Wall St. |
| Curling | Irony? The glory of the Olympic spirit. | I.P.O. | The glory of lead left. | Wall St. |
| Figure Skating | Triple Salchow, politics, costumes. | N.Y.C. to D.C. Revolving Door | 360 degree spins, politics, hypocrisy. | Olympics |
| Ice Hockey | Dreams of reliving 1980 glory. | Internships | Dreams of Silicon Valley call backs. | Olympics |
| Luge | Rapid slides. | Twitter Stock | Same reason. | Olympics |
| Nordic Combined | The excitement of jumping and monotony of not jumping. | Mergers | The thrill of advisory fees and threat of downsizing. | Wall St. |
| Short Track Speed Skating | Winner decided by hundredths of a second. | High-frequency trading | Winners decided by milliseconds. | Wall St. |
| Skeleton | Sounds awesome. Helmets look cool. | Shadow Banking | Regulators aren’t watching, why should you? | Olympics |
| Ski Jumping | “Vaulting through air seems safe, right?†| Mortgage Settlements | “No money down on your second home!†| Olympics |
| Snowboard | Young rich kids mocking death. | Insider Trading | Older rich kids mocking Preet Bharara. | Wall St. |
| Speed skating | Racing, jostling, Spandex. | Quarterly Earnings | Sexy allure of EBITDA. | Olympics |
| Final Score | Olympics 8, Wall St. 6 | |||
A look back on our reporting of the past week’s highs and lows in finance.
FRIDAY
Moody’s Joins S.&P. in Cutting Puerto Rico to Junk | Moody’s Investors Service downgraded Puerto Rico’s general-obligation debt to junk status on Friday, compounding the commonwealth’s difficulties as it seeks fresh sources of cash. DealBook »
THURSDAY
Ex-SAC Trader Convicted of Securities Fraud | With the conviction of Mr. Martoma, the nearly decade-long investigation of Steven Cohen and his hedge fund may have seen its last criminal prosecution. DealBook »
Common Sense: Past Fictions, a Lack of Trust and No Deal | Mathew Martoma seemed to be able to cut a deal with prosecutors, but his handling of a years-old episode involving fabrication of documents casts doubt on his trustworthiness, writes James B. Stewart. DealBook »
Legal Troubles Barely Subdue a Bitcoin Evangelist’s Sermons | Charles Shrem, the Bitcoin enthusiast, says he hopes one day to return to the world of the virtual currency, maybe as its chief aficionado. DealBook »
State Regulator Halts Deal Between Wells Fargo and Loan Servicer | The office of Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has halted the transfer of about $39 billion in servicing rights to Ocwen from Wells Fargo. DealBook »
Legal Costs Hurt Credit Suisse Profit | The Swiss bank’s net income increased about 2 percent, after it set aside money to cover costs for mortgage litigation and a tax dispute with the United States. DealBook »
WEDNESDAY
Investors Appear to Shrug Off Puerto Rico’s Debt Downgrade | There was no mass selling of Puerto Rico bonds a day after the island’s credit rating was cut. DealBook »
Lazard’s Profit Rises 35%, Aided by Asset Management | Lazard said it benefited from improvements in its advisory and asset management businesses in the fourth quarter, adding that it expected deal activity to improve this year. DealBook »
New York Investigates Currency Trading | The inquiry by the state’s Department of Financial Services into potential manipulation of the market comes in the face of departures and firings of foreign currency traders at major banks. DealBook »
Coca-Cola to Buy Stake in Coffee Company | Coke will buy about 16.7 million shares in Green Mountain for about $1.25 billion. In return, Green Mountain will be the official maker of the soda giant’s forthcoming single-serve cold beverages, built on its popular Keurig pod-based system. DealBook »
The Trade: Maintaining Ethics in Moving From Regulator to Regulated | Life is fraught for financial watchdogs who switch to the private sector, especially if they try to have standards, writes Jesse Eisinger. DealBook »
TUESDAY
S.&P. Cuts Puerto Rico’s Debt to Junk | The move intensified a cash squeeze for the commonwealth, whose financial condition is of outsize importance to the rest of the United States because its debt is widely held by individual investors through mutual funds. DealBook »
Morgan Stanley Reaches $1.25 Billion Settlement | The Morgan Stanley settlement is the latest agreement between a Wall Street firm and the Federal Housing Finance Agency, which has sued several banks and financial institutions seeking relief over losses that were borne by taxpayers. DealBook »
Revamping and Tax Gain Help UBS Beat Estimates | Net profit for the fourth quarter was 917 million Swiss francs, or $1 billion, compared with a loss of 1.9 billion francs in the period a year earlier. DealBook »
Deal Professor: In Yearlong Clash Over Herbalife, Innuendo Trumps Clarity | Without clear information on Herbalife’s business model, the speculation in its stock creates extreme volatility as investors trade on rumor, writes Steven M. Davidoff. DealBook »
MONDAY
As Recovery Looks Weak, Stocks Take a Deep Dive | Poor numbers on factory orders and car sales left investors wondering if their view of the economy was too rosy, and the three major indexes each fell more than 2 percent. DealBook »
Detroit Turns Bankruptcy Into Challenge of Banks | Financial institutions that helped raise money for Detroit’s pension system are dismayed now to see themselves portrayed as shady characters in the city’s lawsuit. DealBook »
DealBook Column: Too Many Sorry Excuses for Apology | Andrew Ross Sorkin writes that the art of the apology has become a choreographed dance: Say you’re sorry, act vulnerable, tell everyone you’re “taking responsibility†and end with “I hope to put this behind me.†DealBook »
Closing Arguments in Martoma Trial | DealBook »
Hewlett-Packard Discloses Accounting Errors at Company It Bought | Hewlett-Packard took an $8.8 billion charge in 2012, claiming discrepancies in Autonomy’s numbers. Now it has fleshed out those restatements. Autonomy continued to deny any impropriety. DealBook »
Hedge Fund Chief Makes a Lonely Bet Against Portugal’s Debt | David Salanic, the chief executive of the hedge fund Tortus Capital, says he believed that Portugal would soon default on its private sector bonds â€" in the same way Greece did in 2012. DealBook »
SUNDAY
After Scandal, SAC Capital Begins to Fade to Black | Steven A. Cohen’s hedge fund is completing plans to change its corporate structure by mid-March, according to people briefed on the matter, an effort that comes after SAC pleaded guilty to insider trading. DealBook »
Unlikely Allies Seek to Check Power of Activist Hedge Funds | The Shareholder-Director Exchange seeks to provide board members and institutional investors with a protocol to follow when either side wants to talk with the other. DealBook »
Jos. A. Bank in Talks to Buy Eddie Bauer | On Sunday, Jos. A. Bank publicly released a letter to Men’s Wearhouse accusing its bigger rival of failing to properly disclose the antitrust risks in its takeover bid. DealBook »
SATURDAY
Law Doesn’t End Revolving Door On Capitol Hill | Former officials have little trouble passing through loopholes in laws intended to keep them from immediately lobbying their onetime colleagues. DealBook »
WEEK IN VERSE
We’re still holding out hope that Pussy Riot will perform at the Winter Olympics in Sochi, Russia. Until then, enjoy this look back at the 1996 Olympic Games in Atlanta.
“Georgia On My Mind†| Gladys Knight opened the games with poetic pandering to the hometown crowd in Atlanta. YouTube »
“Imagine†| Following a deadly bombing, Stevie Wonder closed the games with John Lennon’s call for peace. YouTube »
