The deal, which could be announced next week, would be another multibillion-dollar health care transaction in a banner year for mergers and acquisitions in the industry. Read more…
Why Fear Kills Productivity
By Tony SchwartzIt’s in any company’s self-interest to create a culture that minimizes fear, Tony Schwartz writes in the Life@Work column.Read more…
Apollo Global Partner Sam Oh Is Said to Be Leaving
Mr. Oh, who was involved in some of the private equity firm’s most prominent energy investments, is said to be considering either starting his own firm or joining a smaller firm in a more senior role.Read more…
Venture Capitalist Tim Draper Wins Small Piece of Bitcoin Auction
After successfully bidding for all the Bitcoins in the government’s first auction in June, the venture capitalist says he won just one block of 2,000 Bitcoins in Thursday’s sale.Read more…
Illinois City Allowed Back Into the Bond Market
Harvey, Ill., under a settlement with the S.E.C., agreed not to sell bonds for the next three years without first retaining independent counsel to tell investors the truth about what the money would be used for and how the city planned to repay its debts.Read more…
Morgan Stanley to Pay More of Bonuses Upfront
The bank will defer only about 50 percent of its cash bonuses for employees this year, down from the 80 percent that it deferred last year, according to a filing on Friday.Read more…
Uber Tells Off Critics With Financing Plan
A plan to issue securities that convert to stock at a discount to its eventual I.P.O. price shows how the company’s chief executive remains in the driver’s seat, says Robert Cyran of Reuters Breakingviews. Read more…
Senate to Hold Hearing on Cyberattacks Against Finance
A panel plans to hold a hearing next week on ways to “protect the financial sector” from cyberattacks, but for now there are no plans to have anyone from the financial services industry testify.Read more…
Delia’s, Retailer for Teenage Girls, Plans to Liquidate
Unable to find a buyer or arrange a financial lifeline, the teenage-focused retailer will file for Chapter 11 bankruptcy protection and seek to close all its stores and distribution centers. Read more…
Basel Banking Chief Expects Fine-Tuning of Risk Rules
The adjustments in the international banking guidelines could increase the amount of capital that banks need and force them to reduce their dependence on borrowed money.Read more…
Jamie Dimon of JPMorgan Chase Says, ‘No Evidence of Cancer’
Jamie Dimon who was given a diagnosis of throat cancer last summer, sent an email to his staff on Friday saying a new round of tests “came back completely clear.”Read more…
Higher Bid Extends Battle for Club Med
Andrea C. Bonomi, the Italian businessman fighting a Chinese investor for Club Méditerranée, raised his bid to $29.65 a share for the French resort operator.Read more…
Morning Agenda: Uber Garners $40 Billion Valuation
Uber closes a $1.2 billion round of financing. | The owners of the 76ers are taking a page out of the private equity playbook. | Only 11 bidders took part in the second Bitcoin auction. | Microsoft and Barnes & Noble end their Nook partnership.Read more…
Three Former ICAP Brokers Plead Not Guilty in Libor Case
Danny Martin Wilkinson, Colin John Goodman and Darrell Paul Read are expected to face trial in September, along with three former traders from two British brokerage firms. Read more…
British Construction Giant Balfour Beatty Rejects Bid for Its Investment Arm
The John Laing Infrastructure Fund, a European investor, had offered to pay about $1.6 billion for the company’s portfolio of public-private investments. Read more…