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We just got another example of the frenzy that's sweeping the tech industry
The computer-security company Symantec is buying Blue Coat Systems for about $4.65 billion in cash.Blue Coat CEO Greg Clark will become chief executive of Symantec and join the Symantec Board once the...
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From LinkedIn to Facebook: the incredible client list of Wall Street's most...
Some of the biggest names in tech, telecom, and the media industries have one thing in common.The tiny financial advisory firm quietly advising them on deals behind the scenes: Allen & Co.The firm...
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The company that sells wedding rings to much of America is in big trouble
Diamonds are forever. Companies, however, are not.You have most likely heard that "every kiss begins with Kay" or that "it could only be Jared." You have also most likely passed a Zales kiosk at your...
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Here's what it takes to be crowned 'Wall Street's Best Athlete'
The sun was beating down on Sunday June 12 as traders, analysts and bankers from the financial services industry competed for the crown of "Wall Street's Best Athlete" at the annual Decathlon.In the...
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Meet the bankers on the massive Microsoft-LinkedIn deal
Microsoft is buying LinkedIn in a $26.2 billion mega deal — and one bank is helping the company do it.Morgan Stanley is the sole adviser to Microsoft on the deal.Morgan Stanley's lead bankers on the...
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Inside the intense event that decides 'Wall Street’s Best Athlete'
The fittest men and women on Wall Street competed for the crown of "Wall Street's Best Athlete"on Sunday June 12.All 110 competitors gave it their all and raised over a $1 million for pediatric cancer...
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Investors are sending a strong signal that they're tired of takeovers
There may have been a sudden spurt in mergers and acquisitions activity over the past few days, but it has by and large been a quiet year so far for dealmakers.Deal volume stands at $539 billion so far...
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Goldman Sachs has been accused of hiring prostitutes to win business in Libya
Goldman Sachs hired prostitutes to win business from Libya's sovereign wealth fund, established by late-dictator Muammar Gaddafi, a UK court has been told. The United Kingdom's High Court was also told...
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Welcome to Wall Street's 'Valley of Death'
The investment-banking business has split in two, with two main strategies that banks can choose from to deliver returns for shareholders.Banks can employ a scale strategy, in which they are big enough...
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A rule has been broken on Wall Street, and 'any banker with a brain' is now...
Wall Street banking careers have for decades followed a common pattern.Historically, you would join a firm as an analyst right out of college — if not earlier as an intern — and you'd work your way up...
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Time for a better capitalism
Over the past few decades, the US economy has undergone a profound change.This change has helped rich Americans get richer. But it has also contributed to growing income inequality and the decline of...
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American companies have developed a very particular disease — and CEOs hate...
Growth in the US is weak. Wages are stagnant, corporate earnings growth is anemic, and consumer spending is wobbly. The Great Recession has been over for years, but it certainly doesn't feel like...
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Wall Street scion Andrew Caspersen will likely plead guilty in a $150 million...
NEW YORK (Reuters) - Wall Street executive Andrew Caspersen will likely plead guilty next month to criminal charges over an alleged $150 million fraud scheme, after compulsive gambling drove him to...
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Billionaire investor Yuri Milner likened his $100 million space venture to...
Some of the world's wealthy elite choose to donate to charity.Billionaire tech investor Yuri Milner, however, is spending $100 million over 10 years on space exploration to fund the search for...
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The technology that is out to disrupt Wall Street has been overhyped
Don't believe everything you hear about the benefits of blockchain technology.That's the message from Bob Garrison, the chief information officer at Depository Trust & Clearing Corporation (DTCC)....
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Jim Chanos has a new thing that should 'scare the heck out of everybody'
The good people of New York City's Harmonie Club decided to honor short seller James Chanos, founder of hedge fund Kynikos Associates, on Tuesday night for just generally being a mensch.Unfortunately,...
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The rock-star dealmaker bringing China's hottest startups to the US talks...
China is the single biggest story in investment banking right now.From the highly-acquisitive Chinese companies driving the mergers-and-acquisitions market to the plethora of growing private startups...
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New York has a controversial plan to overhaul desolate stretches of Wall Street
LOWER MANHATTAN — A controversial city plan that gives some 110,000 square feet of public space to landlords in exchange for overhauling desolate stretches of Water Street has surpassed one of its...
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The risk-taking is gone: 5 top Wall Street dealmakers describe what they're...
This year has not been the best for Wall Street dealmakers.Global deal volume — of about $1.5 trillion — is below where it stood in the past two years to date, according to Dealogic. That is down from...
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An iconic Wall Street power spot is about to shut down, and the 1% are just...
Talk to restaurateur Julian Niccolini, and the way he tells it, it's almost as if it's the right time for him to take a break from the world of fine dining."People don't have as much fun anymore," he...
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