Michael Stanton News
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The Washington Auto Show isn’t just about cars. It’s a must-attend event for lobbyists and regulators.
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As President Barack Obama planned a visit to the Washington Auto Show for Jan. 31, non-U.S.-based automakers including Honda Motor Co. and Toyota Motor Corp. hustled to show off for him.
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A Chicago trading firm accused Bank of America Corp., JPMorgan Chase & Co., UBS AG and Citigroup Inc. of conspiring to manipulate the London interbank offered rate.
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Toyota Motor Corp. plans to say this week it supports a proposal by President Barack Obama’s administration to boost U.S. mileage standards to 54.5 miles per gallon by 2025 after initially expressing concerns, according to people familiar with the carmaker’s position.
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Blackboard Inc. shareholders may lose out on a 50 percent gain as private equity buyers circle the maker of online educational software.
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The Republican victories in Congress mean U.S. companies from Goldman Sachs Group Inc . to WellPoint Inc . may be able to weaken or block what they consider President Barack Obama ’s anti-business policies on health care, the environment, taxes and financial reform.
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United Continental Holdings Inc. and Delta Air Lines Inc. are among U.S. carriers that will gain as Republicans use their new majority in the House to scrap proposals to limit the outsourcing of maintenance work and to subject global alliances to antitrust enforcement.
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Providence Equity Partners Inc. is in the lead to buy Blackboard Inc ., a maker of online educational courseware, a person with knowledge of the situation said. The shares surged as much as 5.5 percent.
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Blackboard Inc., an educational- software maker, was sued in Delaware Chancery Court by an investor contending the company’s stock is undervalued in a proposed $1.64 billion buyout by Providence Equity Partners Inc.
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Eton Park Capital Management LP and Arrowstreet Capital LP bought Bank of America Corp. shares in the fourth quarter ahead of a rally that sent the stock up 44 percent.
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