Erik Gordon News
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Elan Corp. shareholders approved a share-repurchase program, a vote that Elan says will force Royalty Pharma to end its unsolicited $6.7 billion takeover bid.
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Groupon Inc., the biggest daily deal website, jumped 12 percent after analysts at Deutsche Bank AG upgraded the stock, citing optimism that increasing use of the company’s mobile application can boost sales.
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One worked for Lazard Ltd., the other for Merrill Lynch & Co. One studied industrial engineering at the Universidad Iberoamericana in Mexico, the other politics at Princeton University.
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JPMorgan Chase & Co. will fight “till the end” anyone who sues claiming they were misled over more than $6.2 billion in losses at the chief investment office last year, Chief Executive Officer Jamie Dimon said.
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Dish Network Corp.’s merger talks with Sprint Nextel Corp. collapsed after a series of disagreements, including Sprint demanding a $3 billion reverse- breakup fee, people familiar with the matter said, leaving the satellite-TV company with just a week to regroup and try again.
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President Barack Obama’s sitdown with Chinese President Xi Jinping this weekend comes as acquisitions by mainland companies in the U.S. heighten public unease toward its economic rival. Proponents of the deals say Americans ought to relax.
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Steven A. Cohen’s SAC Capital Advisors LP told employees it plans to stay open for outside investors after significant client redemptions, according to two people with knowledge of the matter.
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Even after SAC Capital Advisors LP received billions of dollars in withdrawal requests this week, founder Steven A. Cohen isn’t about to give up managing other people’s money.
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A Dell Inc. board committee said Carl Icahn’s takeover offer is “unrealistic” because of a projected $3.9 billion shortfall in funding needed to pay a proposed dividend and run the company.
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Dish Network Corp., the satellite-TV provider controlled by billionaire Charlie Ergen, topped Sprint Nextel Corp.’s bid for Clearwire Corp. in a move that may support its separate offer to purchase Sprint itself.
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