The W$J is reporting that Rupert Murdoch now has enough votes lined up to buy Dow Jones & Co. This after News Corp. intimated yesterday that it was about to give up. What changed things was apparently the decision by those in charge of a Denver-based Bancroft family trust that controls 9.1% of Dow Jones [...]
From Bloomberg: The Canadian dollar fell for a fourth day as investors sold commodity-linked currencies on speculation U.S. subprime mortgage losses will slow the world’s largest economy. The Canadian currency was the second-worst performer among the 16 most actively traded currencies, trailing only Japan’s yen, while falling 0.3 percent to 93.70 U.S. cents. One U.S. [...]
A few weeks ago David Cay Johnston wrote a front-page NYT story (warning: available to Times Selectoids only) on how Blackstone had “devised a way for its partners to effectively avoid paying taxes on $3.7 billion, the bulk of what it raised last month from selling shares to the public.” I wrote a post at [...]
The W$J reports this morning that: Some prominent Democrats are beginning to rethink proposed tax increases on hedge-fund and private-equity managers’ earnings, after an aggressive pushback by industry lobbyists and arguments that the impact could extend far beyond Wall Street. … “When you first hear about it, it seems like, ‘Yes, this looks like an [...]
