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Goldman Sachs hatred might cost you
Put away your pitchforks. The business of bashing banker bonuses has swerved into dangerous territory. It's one thing to curse Goldman Sachs Group Inc. for setting aside $11.4 billion, or 49 percent of its revenue, for employee compensation during the first half of this year. Taking a huge Wall Street investment bank's name in vain, for better or worse, has become socially acceptable behavior.Two Firms Scale Down to One Name
Firm names are dropping like flies. With merger consolidation and the pressure to create a brand-name presence, law firms are trading the legacies of long gone partners for catchier titles. Philadelphia's Dechert Price & Rhoads is now simply Dechert. "There were some concerns here about whether it would be recognizable as a law firm," said chairman Barton J. Winokur.View more book results for the query "*"
It isn't a TARP without troubled assets to cover
Every time Treasury Secretary Hank Paulson updates us on the government's efforts to stabilize the financial system and announces the latest twist in the Troubled Asset Relief Program, I get a sinking feeling in my stomach. I know he will introduce a host of new acronyms for new lending facilities to rescue new asset classes from new and anticipated distress.Blackstone leads record property push as buyout firms diversify
Blackstone Group LP and Carlyle Group are leading a record number of private-equity managers aiming to raise real estate funds as the world's top buyout firms accelerate an expansion beyond corporate takeovers.Which Kabob Is Fairest of Them All?
"Food Court" takes takeout seriously. Trouble is, the column's two authors favor different kabob houses and are unable to recommend a single eatery. So, two kabob houses are better than one.Companies Settle Lawsuit Over Cancer From Secondhand Asbestos
A 60-year-old Mississippi woman who said she got cancer after years of washing clothes covered with asbestos dust has won a settlement from four companies that she blames for her illness. Patsy Jean Bodkin filed suit in 2005 against several companies that made roofing, siding, joint compounds and insulation products used by her father and brother, who ran a home-building business. The defendants were Georgia-Pacific Corp., Kelly-Moore Paint Co., Bondex International Inc. and Certainteed Corp.Trending Stories
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