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TODAY'S TOP HEADLINES | Tuesday, March 11, 2008M & A: Hostility Has Its RewardsBANKING: Morgan's Mack Under Pressure Over Risk PRIVATE EQUITY: The Debt Burden Squeezing Buyout Firms HEDGE FUNDS: Citi to Inject $1 Billion Into Hedge Funds OFFERINGS: Societe Generale Raises $8.5 Billion in Offering VENTURE CAPITAL: iPhone Entrepreneurs Line Up for Funding LEGAL: Malone Speaks of Diller as Court Battle Starts TOP STORY
![]() During his years as the state's attorney general, Mr. Spitzer had fiercely sought to punish investment banks, insurance companies, research analysts and the New York Stock Exchange for a litany of perceived sins, assuming the mantle of "Mr. Clean." On CNBC on Monday, markets reporter Bob Pisani quoted an unnamed trader's reaction, which spoke for the vast majority on the Street. "There is a God," the trader reportedly said. Kenneth D. Langone, a former director of the New York Stock Exchange and a target of one of Mr. Spitzer's lawsuits, had this to say to The Wall Street Journal: "He actually believes he's above the law. I have never had any doubt about his lack of character and integrity -- and he's proven me correct." Not everyone was rejoicing. Jim Cramer, the CNBC host who was Mr. Spitzer's classmate in law school, said, "Eliot's one of my oldest friends," adding, "If it's true, it's obviously very sad." Go to Item from DealBook» Go to Article from The New York Times» In other fallout, concerns emerged Monday that Mr. Spitzer's troubles could undermine the rescue of battered bond insurers at a time when the teetering financial sector can ill afford another letdown. Go to Article from The Financial Times» Go to Article from The Globe and Mail» Go to Article from MarketWatch» Mr. Spitzer's woes have also turned attention to hedge-fund manager George Fox, a political supporter of Mr. Spitzer whose name the governor used to reserve a room in a Washington hotel. Go to Article from The New York Post» Go to Article from Radar Online» ADVERTISEMENT MERGERS & ACQUISITIONS![]() Go to Article from The New York Times» ![]() Go to Article from The New York Times» ![]() Go to Article from Bloomberg News via The Houston Chronicle» Go to Previous Item from DealBook» ![]() Go to Article from The San Jose Mercury News» The computer storage provider Iomega said Monday it received an unsolicited acquisition offer from a rival, EMC for $178.1 million but said the offer was not superior to a share purchase deal. Go to Article from Reuters via The New York Times» ![]() Go to Article from The International Herald Tribune» Nationwide Financial said Monday that its parent company, Nationwide Mutual, has offered to buy the shares in the financial services firm that it does not own for $2.2 billion in cash. Go to Item from DealBook» Go to Nationwide Financial Press Release via Business Wire» ![]() Go to Article from The Associated Press via The San Jose Mercury News» Dow Jones & Company, a unit of global media conglomerate News Corporation, said Monday it acquired Betten Financial News, a Dutch-language news service covering the corporate sector in the Netherlands. Go to Article from The Associated Press via CNN Money» INVESTMENT BANKING![]() Go to Article from The New York Times» ![]() Go to Article from Reuters via The Globe and Mail» Go to Article from The New York Post» Go to Article from The Times of London» ![]() Go to Article from Bloomberg News» Go to Article form CNBC.com» ![]() Go to Article from Dow Jones via The New York Times» PRIVATE EQUITY![]() Go to Article from The New York Times» ![]() Go to Article from The New York Times» HEDGE FUNDS![]() Go to Article from The New York Times» Go to Article from The New York Post» Go to Article from The Philadelphia Inquirer» Go to Item from DealBook» I.P.O. / OFFERING![]() Go to Article from Bloomberg News» Bostwick Laboratories, which focuses on cancer diagnostics, plans an initial public offering of common stock, according to a Securities and Exchange Commission filing Friday. Go to Article from The Associated Press via CNN Money» Eyeblaster, a global provider of online campaign management solutions and services, on Monday said it is planning an initial public offering of as much as $115 million in common stock. Go to Article from Reuters» Got o Article from peHUB» VENTURE CAPITAL![]() Go to Article from the Red Herring» Go to Previous Item from DealBook» Fluid Entertainment, a kid-oriented online video game company, is near a test launch of its massively multiplayer online game and it is the latest to benefit from a round of V.C. money. Go to Article from VentureBeat» Less than three months after announcing its initial funding, mobile social networking start-up Kyte on Monday said it raised $21.1 million in a second investment round led by Steamboat Ventures and Intellect Capital Ventures. Go to Article from the Red Herring» LEGAL![]() Go to Article from The New York Times» Go to CNBC Video via The New York Times» ![]() Go to Article from The Los Angeles Times» Go to Article from The San Jose Mercury News» Theodore Roxford, who used several names over the years as he made false bids for the likes of Sony and Playboy Enterprises, was ordered to pay a $900,000 fine but was denied his request for "execution by firing squad." Go to Item from DealBook» Go to Article from Bloomberg News» | Al Gore's Big InvestmentA $35 million transaction suggests Mr. Gore has had a good run, financially speaking, since leaving the White House. More» The Refrain That Follows BronfmanAs Warner Music's stock has tumbled, a classic redemption story has taken a regrettable twist. More» The Deal ProfessorA blog-within-a-blog that looks at mergers, private equity and corporate governance through a legal lens, written by Steven M. Davidoff, a professor at Wayne State University Law School and a former lawyer at Shearman & Sterling. More» Live From Super Return 2008Some of the biggest names in private equity gathered in Munich to share strategies for weathering the industry's recent downturn. More» DealBook Talks YahooDealBook's Andrew Ross Sorkin discussed Microsoft's offer for the Internet giant on "Charlie Rose." Watch here. More» Microsoft's |
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