Keegy United States - DealBook NyTimes: Ohio Sues Credit Rating Agencies

Ohio Sues Credit Rating Agencies

Ohio's attorney general sued Standard & Poor's, Moody's and Fitch Ratings on Friday, asserting that they provided misleading credit ratings that led to hundreds of millions of losses for state funds. ...

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DealBook NyTimes — 13 hours ago

3 Votes vote

E.U. Takes More Time to Review Oracle-Sun Deal

European Union regulators said Friday that they have extended until Jan. 27 a deadline to wrap up their antitrust review of Oracle's planned $7.4 billion takeover of Sun Microsystems. ...

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DealBook NyTimes — 15 hours ago

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Buffett Cuts Sweet Deal for Burlington Northern Loan

It's no surprise that Warren E. Buffett can command enviable terms when it comes to bank loans. That's the case with the $8 billion loan he is borrowing to take over the rest of railroad operator Burlington Northern for $26 billion. ...

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DealBook NyTimes — 15 hours ago

2 Votes vote

Burkle Said to Buy Barneys New York Debt

Supermarket mogul Ronald Burkle and his investment arm, Yucaipa, have purchased a large amount of U.S. luxury retail chain Barneys New York's debt, The Wall Street Journal reported. ...

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DealBook NyTimes — 17 hours ago

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Volkswagen Board Moves Closer to Porsche Merger

Volkswagen said Friday that its supervisory board had approved certain agreement contracts for the planned merger with German sportscar builder Porsche, taking the companies one step closer to completing the deal. ...

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DealBook NyTimes — 17 hours ago

2 Votes vote

Gartmore Plans $412 Million I.P.O. Next Month

Gartmore Group, the manager of about $36 billion in hedge and mutual funds, is preparing an initial public offering of at least 250 million pounds next month to reduce debt. ...

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DealBook NyTimes — 17 hours ago