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Defending himself against critics, Representative Ron Paul of Texas played down concerns on Friday that his amendment to give Congress sweeping new oversight powers over the Federal Reserve would compromise the central bank's political independence.
Government
Ron Paul
Federal Reserve
Stimulus Plan
Barney Frank
Financial Crisis
Hershey is considering bidding for Cadbury, a proposal that would top the $16.7 billion hostile bid from Kraft, people briefed on the matter told DealBook on Friday.
Stocks
Bank of America
J.P. Morgan Chase
Merrill Lynch
Kraft Foods
Morgan Stanley is handing over Crescent Real Estate Equities to Barclays Capital, winning forgiveness of a $2 billion loan that financed its acquisition of the real estate business in 2007.
Stocks
Morgan Stanley
Financial Crisis
Richard X. Bove, the outspoken bank analyst, believes that the best person to lead Bank of America is the man who's leaving the chief executive post.
Stocks
Bank of America
Merrill Lynch
Financial Crisis
Universal Banking
CF Industries announced Friday that all three of its nominees were elected to the board of rival fertilizer maker Terra Industries, potentially ending an 11-month takeover battle.
Stocks
Agrium
Citi Holdings
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.
Stocks
Financial Crisis
Moody's
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.
Stocks
European Union
Sun Microsystems
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.
Stocks
Berkshire Hathaway
Wells Fargo
J.P. Morgan Chase
Warren Buffet
Financial Crisis
Procter & Gamble does not see acquisitions as a core part of its growth plan and has started to buy back shares again, the consumer products conglomerate's chief financial officer said on Friday.
Stocks
Sara Lee
Procter & Gamble
Financial Crisis
Morgan Stanley
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.
Stocks
Retail Industry
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.
Venture Capital
Financial Crisis
Hellman & Friedman
Harbinger Capital Partners has once again trimmed its stake in The New York Times Company .
Stocks
Harbinger Capital Partners
The New York Times Company
Retail Industry
Exchange-Traded Funds
The Securities and Exchange Commission must tighten its process for deciding which investment advisers to inspect if it is to avoid colossal breakdowns like the one that allowed Bernard L. Madoff's multibillion-dollar fraud to go undetected for 16 years, the agency's inspector general says.
Government
Financial Crisis
Retail Industry
Ferrero, the Italian chocolate maker, could be interested in Cadbury's gum and candy division, a unit worth about $7.4 billion, in a possible joint takeover bid, Il Sole 24 Ore reported.
Stocks
Retail Industry
British Retail Consortium
Kraft Foods
Some of Goldman Sachs 's largest shareholders have asked the company to cut the size of its bonus pool and pass along more of its profits to investors, The Wall Street Journal reported.
Stocks
Goldman Sachs
Risk Management
Financial Crisis
Retail Industry
Universal Banking
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.
Stocks
Retail Industry
Citigroup
60 Minutes
A report saying that Vivendi was holding out for more money in its negotiations to sell its 20 percent stake in NBC Universal to majority owner General Electric left some wondering just how far apart the two firms were on price.
Stocks
Comcast
NBC
General Electric
Retail Industry
Universal Banking
Investors proved to be selective as four U.S.-listed initial public offerings priced either below or at their expected ranges on Thursday evening.
Other
Day Trader
Global Downturn
EBay said Thursday that it had completed its sale of its Skype to a consortium of investors as it had vowed to do before the end of the year.
Stocks
eBay
Silver
Stimulus Plan
Retail Industry
Any tax imposed on financial transactions would have to take effect internationally to prevent Wall Street jobs and related business moving overseas, House Speaker Nancy Pelosi said Thursday.
