Big Investors Strengthen Opposition to Dell’s Sale
By MICHAEL J. DE LA MERCEDT. Rowe Price says it opposes the $24.4 billion takeover bid for Dell as it currently stands, while Southeastern Asset Management has taken additional steps to fight the management buyout.
Document: Southeastern regulatory filing
Neil Hall/Reuters
The Barclays headquarters in London. The bank plans to close several business units.
Barclays Posts Loss of $1.3 Billion and Plans to Cut 3,700 Jobs
By MARK SCOTTBarclays announced that it would eliminate 3,700 jobs and close several business units, as it reported a big loss for the fourth quarter of 2012.
Maciej Kulczynski/European Pressphoto Agency
Workers de-ice a Ryanair plane at Wroclaw Airport in Poland.
Ryanair Indicates Regulators Will Reject Aer Lingus Deal
Ryanair, the discount European airline, said on Tuesday that it planned to appeal should regulators block its bid for Aer Lingus.
Nexen, via Reuters
Offshore rigs owned by Nexen in the North Sea.
Nexen Secures U.S. Approval of Its Sale to Cnooc of China
Nexen has received the last regulatory approval needed for its $15 billion sale to a major Chinese oil company, after the Obama administration declared the deal free from national security concerns.
Carlyle Names Head of Government Affairs
Carlyle has hired Barrett Karr, majority staff director of a House committee, to lead its United States government affairs.
A New Strategy at Barclays
Barclays posts a big loss and announces a restructuring plan. | Mary Jo White says she and her husband have accumulated at least $16 million while working as law firm partners. | Relationship Science promises what is essentially a Rolodex for the 1 percent. | Obama’s State of the Union address is likely to focus on ways to support the middle class and promote economic recovery.
Britain Fines UBS Over Sales of a Money Market Fund
The Financial Services Authority, Britain’s main financial regulator, fined UBS £9.45 million on Tuesday for improperly selling an A.I.G. fund.
Shannon Stapleton/Reuters
Henry Kravis, center top, of Kohlberg Kravis Roberts, one of the investors in Relationship Science. The start-up is led by Neal Goldman, a founder of the CapitalIQ financial database.
A Database of Names and How They Connect
Relationship Science is compiling a new computer database for the heavy hitters of business that lists a person’s associates, their political affiliations, their charity work and more.
Doug Mills/The New York Times
President Obama with Mary Jo White, his pick to run the Securities and Exchange Commission.
S.E.C. Nominee Discloses Law Firm Wealth
Mary Jo White, who has been nominated to run the Securities and Exchange Commission, has also disclosed that her husband would relinquish his partnership at Cravath, Swaine & Moore, converting his interest in the firm from equity to nonequity status.
Alternatives to Dell Deal Come With Too Little Certainty
Michael S. Dell and Silver Lake Partners have made a low-ball offer for the PC maker. Yet, it’s at a respectable 25 percent premium, and the company’s shares haven’t topped the $13.65-a-share deal price in months, the authors write.
Reuters
Stephen Hester, Royal Bank of Scotland’s chief executive, testifies at a parliamentary hearing on the bank’s role in a scheme to manipulate benchmark interest rates in a case that has brought much political scrutiny on the bank.
R.B.S. Executives Testify in Rate-Rigging Case
British politicians sharply questioned current and former executives of the Royal Bank of Scotland on Monday about the management failures that led to the rate-manipulation scandal.
Jonathan Ernst/Reuters
The Securities and Exchange Commission often tacks on interest and penalties to insider trading settlements.
The Temptation to Trade on Confidential Information
Two recent insider trading cases seem to indicate that the desire for quick profits is simply clouding our judgment, the author writes.
Goldman Sachs
Gregg R. Lemkau of Goldman Sachs.
Goldman Names a New Co-Head of M.&A.
Goldman Sachs has named Gregg R. Lemkau as a new co-head of global mergers and acquisitions, according to an internal memorandum reviewed by DealBook.
British Regulators to Investigate Accounting at Autonomy
The Financial Reporting Council, Britain’s accounting watchdog, says it will investigate accounts at the British software maker Autonomy after accusations from Hewlett-Packard that Autonomy inflated its financial figures.
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