Anonymous sources
Reuters Blogs (blog)
JPMorgan case puts Volcker Rule and SIFIs back in the spotlight - Reuters Blogs (blog)
According to an industry expert who declined to be named, hedging is supposed to be an activity that reduces risk and can help to produce more stable net profit and net risk. “Hedging only reduces risk and does not eliminate it.
Spotify's $4 billion pitch sounds high - Reuters Blogs (blog)
The Swedish company is seeking investors to put up a maximum of $200 million at a valuation of between $3.5 billion and $4 billion, according to a person familiar with the matter. That enterprise value would put it somewhere between high-tech US radio ...
Why was the JOBS Act so hard to cover? - Reuters Blogs (blog)
One Wall Street executive familiar with the JOBS Act but who declined to be named said the law would give firms “more flexibility” in covering emerging companies. Is it now NYT policy to grant anonymity to sources who are simply asserting what seems to ...
Boo Hoo for Yahoo - Reuters Blogs (blog)
The stellar DealBook blog of the New York Times, which first reported this story, couldn't get anyone to disclose the particulars, but it quotes “people briefed on the matter” as saying Yahoo is threatening lawsuits and is in the midst of negotiations ...
Why journalists need to link - Reuters Blogs (blog)
The story included a statement of the form “X, says Y”, where Y was an anonymous source. Various other people were saying that X was not, in fact, true. But the journalist was standing firm. I then asked her whether she was standing firm on the ...
Facebook needn't envy life inside China firewall - Reuters Blogs (blog)
Founder Mark Zuckerberg, who has been learning Chinese, has examined a possible joint venture with a Chinese partner like Baidu or Alibaba, according to people familiar with the matter. Yet Beijing, which has banned the social network, may not even be ...
What happened at Chase's credit-card collections arm? - Reuters Blogs (blog)
It was very traumatic,” says a former Chase attorney who asked to remain anonymous because of a nondisclosure agreement. “I think there were investigations by the [Office of the Comptroller of the Currency] and other government entities. ...
M & A wrap: Chinese buyers circling more European assets - Reuters Blogs (blog)
... the collapse of MF Global have expanded their inquiry to include the actions of the CME Group, the operator of the main exchange where the commodities brokerage firm conducted business, the DealBook reports, citing people briefed on the matter. ...
Jon Corzine, rogue trader - Reuters Blogs (blog)
As the firm spun out of control, it improperly transferred some customer money on Oct. 21 — days sooner than previously thought, said people briefed on the matter. And investigators are now examining whether MF Global was getting away with such ...
Belgian Catholic reformers want laypeople to run parishes that have no priests - Reuters Blogs (blog)
A Church official, who asked not to be named, said a reaction was being drawn up. In Austria, Vienna Cardinal Christoph Schönborn has met with the reformers and the bishops' conference he leads has discussed their demands, rejecting their call for ...
When anonymice attack - Reuters Blogs (blog)
Speak the same untruth to a Washington reporter as an anonymous source and the reporter will probably insist on taking you to lunch to pump you for more information and only gently chide you for your misdirection. Washington reporters care for, feed, ...
M & A wrap: Sony going solo? - Reuters Blogs (blog)
Sony is in talks to buy out Ericsson's stake in their mobile phone joint venture, a source said, in a bid to catch up with rivals. Belgium's federal government and its regions clashed over the fate of the Belgian banking activities of stricken Dexia, ...
Tiger Asia case has exposed Hong Kong regulator's enforcement reach, say lawyers - Reuters Blogs (blog)
... in bringing disciplinary action against New York-based hedge fund Tiger Asia Management has shown the limitations of its regulatory reach and signalled that funds may be safer operating from offshore, according to a source close to the proceedings. ...
Black swan funds have their day in the sun - Reuters Blogs (blog)
8 on the capital in its black-swan accounts, said a person familiar with the firm who asked not to be identified because the information is private. Black-swan clients of Pimco, manager of the world's biggest mutual fund, saw gains this month of as ...
Is a concierge doctor worth the cost? - Reuters Blogs (blog)
One of Stillman's patients, a 55-year-old named Bill who asked to remain anonymous, joined a $5000-a-year concierge practice in Boston, because the location was convenient to him. He lasted six months, and then decided to leave because he felt that, ...
Microsoft gets message late on China market - Reuters Blogs (blog)
Microsoft may consider taking a 10 percent to 20 percent stake in NetEase, which has a search engine of its own, according to a person familiar with the situation. With local competition rising fast, Western internet companies need to think beyond ...
How Rajat Gupta corrupted McKinsey - Reuters Blogs (blog)
McKinsey had a culture of superiority, says one longtime client, who declined to be identified, adding that consultants at the firm really seemed to think they were better than anyone else in the business world. This CEO is still shocked recalling an ...
Deals wrap: Teva trumps rival to win Cephalon bid - Reuters Blogs (blog)
Warner Music's $3 billion buyout could be done by the end of the week, according to a person familiar with the matter. Final buyout bids for the company are due today. Warner Music's board effectively put itself up for sale in January when it appointed ...
Deals wrap: Glencore's $12.1 billion IPO - Reuters Blogs (blog)
NYSE Euronext and Deutsche Boerse are looking at several options to win support for their $10.2 billion deal, including paying special dividends to shareholders, according to sources briefed on the matter. The idea of paying the special dividends is to ...
Deals wrap: A Blockbuster deal for Dish? - Reuters Blogs (blog)
NYSE Euronext will “absolutely not” be placing a counterbid for Nasdaq OMX, a source close to the Big Board told Reuters corresondent Paritosh Bansal in an exclusive interview. The source said such a combination would be strategically unattractive and ...
Jerusalem bishop appeals Israel's residency denial - Reuters Blogs (blog)
An Anglican official, who declined to be named, said Israel's Interior Ministry had written to Bishop Suheil Dawani and accused him of improper land dealings on behalf of the church and the Palestinian Authority, allegations he denies. ...
Deals wrap: Walgreen prescribes drugstore.com buy - Reuters Blogs (blog)
A sale of the British government's $107 billion stake in Lloyds Banking Group and RBS may start next year, Bloomberg said, citing four people familiar with the matter. Geothermal energy is likely to attract interest as investors rethink the outlook for ...
TBTF & AT&T — a poor combination - Reuters Blogs (blog)
“I think it could reach some level of controversy,” said an antitrust expert quoted by Reuters who asked not to be named. “There's going to be spectrum issues. This is going to be a complex deal and I don't think it's a foregone conclusion that it will ...
Deals wrap: A second NYSE bidder? - Reuters Blogs (blog)
Nasdaq OMX Group could launch a rival bid for NYSE Euronext to avoid being left on the sidelines, a source said. Merger and acquisitions activity in the global mining sector is expected to accelerate in 2011, fueled by strong commodity prices and ...
Washington Extra – It's my party - Reuters Blogs (blog)
... despite concerns by the Justice Department the rule may not combat anti-competitive practices, according to people familiar with the matter. ...