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Somewhere, Mark Carney is saying ‘I told you so’ JP Morgan’s $2-billion loss is likely to put wind in the sails of those who support what is known as the Volcker rule.
Plus, the WSJ’s Deal Journal blog has a helpful timeline on some choice quotes by JP Morgan boss Jamie Dimon.
What’s so great about Avon? Warren Buffett has joined Coty, (a company nobody's ever heard of, according to Matt Yglesias) in an unsolicited $10.7-billion bid to take over Avon, despite an ongoing bribery scandal plaguing the beauty products maker.
The curious case of the non-existent resume The latest twist in Yahoo’s resume-gate scandal reveals that CEO Scott Thompson says he never submitted a resume when he applied for the position.
Why you should love private equity The Private Equity Growth Capital Council has released an animated video that aims to show how awesome private equity is, complete with a solar smiley face.
Magna meetings still animated after Frank CEO Don Walker channels Frank Stronach in response to questions about a real estate deal. “If somebody thinks they can do a better job running the company, then they should come in and run the company."
Gas grid goes out with a bang The German utility company has chosen a buyer for its gas network. The group, led by Macquarie's infrastructure funds, will pay E.On $4-billion. E.On has plans to sell more assets.
Sinopec digs deep in debt markets Chinese state-owned Sinopec Group just laid out Asia’s largest corporate offering of the year on global debt markets. The three-tranche bond deal is worth $3-billion.