Eduardo Munoz/Reuters
A man moves boxes out of the offices of Dewey & LeBoeuf in New York earlier this month.
Dewey Hopes to Resolve Bankruptcy Quickly
By MICHAEL J. DE LA MERCED and PETER LATTMANA lawyer representing the estate of the law firm Dewey & LeBoeuf said he was in talks to reach financial settlements with ex-partners.
Andrew Burton/Reuters
Rajat K. Gupta arriving at the Federal District Court in Manhattan on Tuesday.
P.&G. Takes Center Stage at Gupta Trial
By AZAM AHMED and PETER LATTMANThe testimony of a former trader for the Galleon Group who has pleaded guilty to insider trading took center stage at the trial of Rajat K. Gupta, a former board member of Goldman Sachs and Procter & Gamble who is accused of passing corporate tips.
Business Wire
A Pep Boys store.
Pep Boys Terminates Sale to Private Equity Firm
Pep Boys said late on Tuesday that it had agreed to end its proposed $1 billion sale to the Gores Group, after the private equity firm raised concerns about the company’s deteriorating financial health.
Harry Campbell
For Private Equity Industry, Fewer Deals in Leaner Times
Private equity is not the money machine it used to be. Buyouts are more expensive, sellers are less willing to negotiate, the credit market is choppy, and returns are down, pushing players to take more risks.
Mark Blinch/Reuters
Research in Motion Projects a Quarterly Loss
On Tuesday, Research in Motion, the beleaguered BlackBerry maker, disclosed that it had tapped J.P. Morgan Securities and RBC Capital Market to assess its business and financials. It also said it expected to report a quarterly loss for its current quarter.
Brendan Smialowski/Getty Images
High Court Upholds Ability to ‘Credit Bid’
The Supreme Court has finally righted a bankruptcy muddle created by the appeals courts.
Andrew Harrer/Bloomberg News
Richard Ketchum, chief of the Financial Industry Regulatory Authority, at a Senate panel in April.
Embracing Finra, ‘the Devil We Know’
While many investment advisers first panned a bill that would give broader authority to the Financial Industry Regulatory Authority, the plan is gaining traction in some parts of the financial world.
Andrew Harrer/Bloomberg News
The S.E.C. chairwoman, Mary L. Schapiro, has said that the investigation of Lehman Brothers “is still under review.”
Dim Prospects for Financial Crisis Prosecutions
Two items in the news last week underscore that the likelihood for a signature case arising out of the financial crisis is near zero.
Liking LinkedIn, While Wary of Facebook
While shares of Facebook are roughly 24 percent below their offering price, those of rivals like LinkedIn, Pandora and Groupon are flat or even up over the same time period.
Yana Paskova for The New York Time
How Dewey Is Like Lehman
Law firms and investment banks used to be traditional partnerships. Now banks are publicly traded corporations, and law firms are limited liability partnerships. Was this part of the problem?
Jonathan Ernst/Reuters
Why S.E.C. Settlements Should Hold Senior Executives Liable
Claire Hill and Richard W. Painter say bankers should pay a portion of any fine imposed on their bank for alleged misconduct, whether or not the bank admits wrongdoing.
Business Day Live: Jobless Benefits Stopping Early
The long-term unemployed face the end of benefits. Microsoft still working to integrate Skype. After Facebook’s troubled debut, smaller investors shy away from stocks.
Goldman’s Buyout Arm to Buy Interline Brands for $1.1 Billion
Interline Brands, a maker of repair products for professional contractors, agreed on Tuesday to sell itself to Goldman Sachs’ private equity arm and P2 Capital Partners for about $1.1 billion, including debt.
John Schults/Reuters
Jon S. von Tetzchner, co-founder of Opera Software.
Talk of Facebook Interest Drives Shares in European Web Browser
Shares in the Norwegian Internet browser company Opera Software rose by as much as 22 percent on Tuesday after reports surfaced that Facebook might be looking to buy the company.
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