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DealBook

A financial news service of The New York Times.
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Fed Sees No Need to Raise Interest Rates Soon

Nov 5, 2009
The Federal Reserve signaled on Wednesday it was not close to raising interest rates, saying that the economy remained weak even though the recession appeared to be over.

S.E.C. Likely to Charge More People in Galleon Case

Nov 4, 2009
The Securities and Exchange Commission is likely to bring charges against additional defendants in its wide-ranging insider-trading case against Raj Rajaratnam and his hedge fund firm, the Galleon Group, an S.E.C. lawyer said at a court hearing on We...

Berkshire Bets on U.S. With Purchase of Railroad

Nov 3, 2009
Berkshire Hathaway, the investment vehicle of Warren E. Buffett, said on Tuesday that it planned to buy the 77.4 percent of Burlington Northern Santa Fe it did not already own for $26 billion in cash and stock, in the largest deal in Berkshire history.

Venture Firm Sets Up $575 Million Fund

Nov 2, 2009
Even amid the contraction of the venture capital industry, which fertilizes the seeds of new technology start-ups, some firms are expanding, The New York Times’s Claire Cain Miller reports.

Madoff's Accountant To Plead Guilty

Oct 30, 2009
Federal prosecutors indicated on Friday that Bernard L. Madoff's longtime auditor is expected to plead guilty next week and has agreed to cooperate with investigators.

Ron Paul Defends His Plan for Fed Oversight

Nov 20, 2009
Defending himself against critics, Representative Ron Paul of Texas played down concerns on Friday that his amendment to give Congress sweeping new oversight powers over the Federal Reserve would compromise the central bank's political independence.

Hershey Considers a Counterbid for Cadbury

Nov 20, 2009
Hershey is considering bidding for Cadbury, a proposal that would top the $16.7 billion hostile bid from Kraft, people briefed on the matter told DealBook on Friday.

Morgan Stanley Reaches Deal on Barclays Loan

Nov 20, 2009
Morgan Stanley is handing over Crescent Real Estate Equities to Barclays Capital, winning forgiveness of a $2 billion loan that financed its acquisition of the real estate business in 2007.

BofA's Ideal Chief: the One Who's Leaving?

Nov 20, 2009
Richard X. Bove, the outspoken bank analyst, believes that the best person to lead Bank of America is the man who's leaving the chief executive post.

CF Claims 3 Seats on Terra's Board

Nov 20, 2009
CF Industries announced Friday that all three of its nominees were elected to the board of rival fertilizer maker Terra Industries, potentially ending an 11-month takeover battle.


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