Rajaratnam Says Cricket, Not Crime, Was on His Mind During Galleon Trades Galleon Group LLC co-founder Raj Rajaratnam had a ready answer for every question U.S. regulators put to him about possible insider trading three years ago.
Apollo, Centerbridge Said to Bid for Stuyvesant Town Servicer CW Financial Buyout firms Apollo Global Management LP and Centerbridge Capital Partners LLC made competing bids for CW Financial Services, parent of the second-largest manager of delinquent U.S. commercial real estate loans, according to two people with knowledge of the offers.
Europe Shows World Won’t Skirt `New Normal’ of Slower Growth, Pimco Says Pacific Investment Management Co. said the debt crisis in Europe shows its outlook for an extended period of below-average economic growth remains valid, even after global markets rebounded from the financial crisis.
Transurban Falls as Shares Sold, Analysts Say New Canadian Bids Unlikely Transurban Group shares dropped to a six-month low after analysts said that two Canadian pension funds are unlikely to raise a spurned A$7.2 billion ($6.4 billion) bid and the Australian toll-road operator sold shares at a discount.
China’s Bear Market Attracts Local Investors Seeking Safety From Inflation Chinese equities slumped into the second bear market in nine months this week. Pan Weiting says there’s no better place to put her money than in stocks.
White House’s Orszag Says Higher Tax on Fund Managers to Pass Within Weeks Four Senate Democrats and Republican Scott Brown of Massachusetts are seeking to exempt venture capital firms from a tax increase on managers of investment partnerships that a White House official predicted is imminent.
Moynihan Becomes Obama’s Top Wall Street Ally on Financial-Rules Overhaul The Obama administration has found a banker it can do business with: Bank of America Corp.’s Brian Moynihan.
SEC’s New York Chief Canellos Focuses on Sales to Institutional Investors George Canellos, the head of the Securities and Exchange Commission’s Manhattan office, said he is pushing his staff to scrutinize products normally sold to institutional investors after the financial crisis showed that even sophisticated buyers need additional protection.