Andrew Siegel News
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Goldman Sachs Group Inc. made its $820 million offer to take Ebix Inc. private as U.S. regulators intensify their probes of the insurance software maker, according to people familiar with the matter.
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Sterne Agee Group Inc. is in talks to combine with Gleacher & Co., the investment bank that’s lost $180.4 million since 2009, people familiar with the matter said.
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As Thomas Hughes prepared to run Gleacher & Co. in 2011, he vowed to cut costs and transform the brokerage into a “substantial force.” Now the stock is down 66 percent as he grapples with losses and worker defections.
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Avis Budget Group Inc. will review financial data from Dollar Thrifty Automotive Group Inc. , a step toward a possible counteroffer for the rental-car company that accepted a buyout offer from Hertz Global Holdings Inc.
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BP Plc was sued by members of its employee savings plan over losses tied to company’s plunging stock price amid the oil leak disaster in the Gulf of Mexico.
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Gleacher & Co., the investment bank that’s considering a sale or merger, said Eric J. Gleacher resigned as chairman and will leave the firm.
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Stifel Financial Corp., the St. Louis-based brokerage, is among the companies that bid on part or all of bond-trading firm Gleacher & Co., said two people with knowledge of the matter.
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A former paralegal told Florida investigators that workers at a law firm that processed foreclosures signed paperwork without reading it, misdated records and skirted rules protecting homeowners in the military.
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Greg Mrva , Yahoo! Inc. ’s former head of mergers and acquisitions, is joining Barclays Capital as head of Internet investment-banking in Menlo Park, California.
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Avis Budget Group Inc. may be ordered by the U.S. Federal Trade Commission to divest some assets to get antitrust approval of the company’s planned purchase of Dollar Thrifty Automotive Group Inc.
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