• UBS not to pay fine in U.S. tax settlement: reports Chocolate solves everything. [Reuters]
• Jobless graduate sues her college Worth a shot, no? [BBC]
• Goldman Sachs’ reputation tarnished – Being referred to as a “vampire squid on the face of humanity” certainly couldn’t have helped. [FT.com]
• HSBC, Barclays profits hit by surge in bad debt [Reuters]
• Bank Spy Scandal Widens – “A detective at the center of the Deutsche Bank AG spying affair says the international banking giant’s effort to monitor its critics was more extensive than previously disclosed in that it involved a plan to target as many as 20 people, including a number of investors.” We’re thinking that a spy scandal is probably the last thing the banking industry needed. [WSJ]
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Preliminary Analytics | 12.03.09
• Estate Tax Debate to Begin in U.S. House Amid Clash on Limits – Can this get sorted out in four weeks? “Unless Congress acts, the estate tax would be replaced in 2010 by a capital gains tax on all but the first $1.3 million in inherited assets including homes, stock certificates, stamp collections and livestock.” [Bloomberg]
• Goldman Takes Offensive on Pay – Explaining why the Almighty’s foot soldiers are worth every penny to investors should be a snap. [WSJ]
• Tax Cut-Off for Deductible Donations – “Few things upset a year end donor more than being told his gift will not count as a current year contribution and thus not be a current year IRS tax deduction.” [Aronson Nonprofit Report]
• The NBC Universal Sale, by the Numbers – This is what it’s all about, isn’t it? [DealBook]
• Comcast Readies Itself for Long Regulatory Fight – Oh right, there is the small matter of convincing the Feds that this is good for everyone. [Media Decoder/NYT]
Preliminary Analytics | 11.20.09
• Goldman Holders Miffed at Bonuses – And there’s bellyaching that GS is trying to pull a fast one by including temps to pull down the comp per employee. Sneaky. [WSJ]
• EBay completes sale of Skype – The auction block gets $2 billion and still retains a 30% stake. [Reuters]
• SEC Told to Improve Ways It Chooses Probe Targets – Eenie, meenie, miney, moe just won’t cut it anymore. [AP via NYT]
• US House Panel Approves A Toned-Down Accounting Proposal – After amendments, the final word on all things FASB remains with the SEC. [Dow Jones]
Preliminary Analytics | 10.22.09
• Former car czar: GM, Chrysler were on brink of death – But no gc opinion? [DFP]
• Galleon Sinks; Informant Surfaces – “Tipper A” has a name: Roomy Khan. [WSJ]
• EU warns Oracle over Sun takeover – Oracle hasn’t really made a case that the takeover wouldn’t be anti-competitive. [BBC]
• Microsoft launches Windows 7 – Microsoft’s obvious attempt to derail the career of John Hodgman. [Reuters]
• Pay Czar Decides to Collect a Few Scalps, a Sign of Weakness – We’re looking for Basterds-like numbers Feinberg! [Naked Capitalsm]
• Wall Street Steps Up Political Donations, Lobbying – “Most Wall Street firms stopped making donations to lawmakers when they were receiving government funds, and many lawmakers stopped accepting them. But now that the companies have begun returning the bailout funds, they are making campaign donations again.” [WSJ]
• Further reading – Thanks to FT Alphaville for linking Francine McKenna’s post on KPMG’s Madoff exposure. [FT Alphaville]