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May 17, 2011 |

Obama holding assets of up to $11.8 million

President Barack Obama and first lady Michelle Obama held total assets of between $2.8 million and $11.8 million last year and reported no debt, according to federal financial disclosure forms.
3 minute read
April 01, 1999 |

Just When You Thought It Was Safe. . .

While the English have continued to hire American lawyers in both London and New York--particularly securities and project finance specialists--they haven't stolen a noticeable slice of American firms' securities pie, let alone eaten their lunch. But are the Brits content to nibble away at the margins, or will they claim a bigger market share now that they have heavily recruited U.S. law teams.
12 minute read
Four Judges Who Made a Mark
Publication Date: 2012-12-26
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The Litigation Daily covered lots of rulings by lots of judges in 2012, and sometimes they can all blur together. But a few judges stand out.

November 06, 2007 |

Declines shake confidence in hedge fund industry

THE HEDGE FUND INDUSTRY is grappling with its first shakeout in a decade as investors increasingly recoil from startups considered susceptible to the toxic shocks of this year's credit markets. New hedge funds are opening at the slowest pace since 2003 with almost all of the $164 billion of new investments going to managers with proven records, data compiled by Chicago-based Hedge Fund Research Inc.
5 minute read
December 21, 2011 |

KB Home 4Q net income falls but tops Street's view

KB Home's fiscal fourth-quarter net income fell 20 percent on rising expenses, but revenue climbed on more home deliveries and a higher average selling price.
2 minute read
November 02, 2006 |

New Deals

London-based National Grid PLC, a supplier of natural gas and electricity from its five northeastern U.S. stations to around 3.4 million customers, has been granted approval by the U.S. Federal Energy Regulatory Commission to purchase fellow natural gas provider KeySpan Corp. The final price was $7.3 billion. KeySpan, headquartered in Brooklyn, is the largest gas distributor in the region, with 2.6 million customers.
4 minute read
May 17, 2011 |

Wal-Mart first-quarter profit rises

Wal-Mart Stores, the world's largest retailer, posted a 3.8 percent gain in first-quarter profit, beating analysts' estimates as growth abroad helped make up for U.S. sales declines.
4 minute read
October 23, 2013 |

JPMorgan Reportedly Shopping Around Commodities Unit

Grupo BTG Pactual, the Brazilian investment bank founded by billionaire Andre Esteves, is working on a bid for JPMorgan Chase's physical commodities business.
3 minute read
Credit Union Regulator Sues UBS for Alleged Misrepresentations of Mortgage-Backed Securities
Publication Date: 2012-09-07
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The National Credit Union Administration has sued a UBS unit for allegedly making misrepresentations in the sale of more than $1 billion in mortgage-backed securities to two credit unions that failed. The suit, filed on Thursday in Kansas federal district court, is the latest by the NCUA against financial institutions that sold mortgage-backed securities to now-defunct corporate credit unions.

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