| Wednesday, April 29, 2015 |
TOP STORY Pimco Hires Ben Bernanke as a Senior Adviser The former Federal Reserve chairman was hired in a similar capacity by the hedge fund Citadel. |
| |
| |
DEALBOOK HIGHLIGHTS S.E.C. Proposes Rules on Executive Pay and Performance The rules would require companies to report standardized information, like data on total shareholder return and how it compares against the industry. Starwood Hotels to Explore Options Including Sale The announcement follows the unexpected departure of its chief executive. Mylan Raises Offer for Perrigo Again and Is Rejected Again Seeking to fend off an unwanted bid from Teva, Mylan increased its cash-and-stock offer for Perrigo. Tax Hit in France and Hedge Funds Weigh on Carlyle But its earnings exceed expectations after the private equity firm sold positions in many of its public holdings. British Trader Charged in 'Flash Crash' Fails to Post Bail Navinder Singh Sarao, 36, was granted another week to meet his bail conditions, which include supplying $7.7 million. Barclays Profit, Weighed Down by Legal Costs, Fell 52% in First Quarter The British bank said it took additional legal provisions of about $1.22 billion in the period for potential fines and litigation costs related to a currency market investigation. Breakingviews: The M.&A. Predators at Michael Milken's Ball The financial elite at the Milken Institute Global Conference had many worries. Still, there was optimism about deal-making. Buzz Tracker  | How Bitcoin Is Disrupting Argentina's Economy With its volatile currency and dysfunctional banks, the country is the perfect place to experiment with a new digital currency. | LOOKING AHEAD Tesla Announcement Elon Musk, Tesla's chief executive, is expected to announce two new battery products at a news event Thursday evening in Los Angeles. One battery will be for home use, and the other will be for utility companies. By storing energy generated by solar panels, the batteries may solve one of the biggest problems of the emerging boom in solar use - finding a way to use power when the sun is not shining. BNP Paribas Sentencing BNP Paribas, the largest French bank, is scheduled to face formal sentencing on Friday for having processed dollar transactions on behalf of countries including Sudan and Iran, in violation of sanctions imposed by Washington. The bank pleaded guilty last year to criminal charges in the case and agreed to pay $8.9 billion in penalties. The sentencing in a federal court comes after the bank this month won a Labor Department waiver that allows it to continue operating asset management businesses in the United States. Berkshire Hathaway Meeting On Saturday, more than 40,000 Berkshire Hathaway shareholders will descend on Omaha for the annual meeting of the company, which is celebrating its 50th anniversary. The gathering is known as Woodstock for Capitalists. Warren E. Buffett, Berkshire's chairman and chief executive, and Charles T. Munger, its vice chairman, take questions for more than six hours, and their answers often make news.
Likely hot topics include the company's recent investment in Kraft, its stakes in IBM and Coca-Cola, the debate around companies' buying back their own shares and, a perennial favorite, succession planning. |
| |
| |
Quotation of the Day "I've seen every single monetary experiment you can imagine. This is the street-smart economics. Not the complex Ph.D. economics."
Wences Casares made Bitcoin known in both Argentina and the United States. |
