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Preliminary Analytics | 10.20.09

Thumbnail image for pwclogo.thumbnail.jpgPwC: Sour Economy Sparks Divestitures – “Each of the Big Four accounting firms have scrutinized the corporate divestiture market over the last three quarters and have come up with largely the same conclusions.” Anyone surprised by this? [CFO]
Galleon Clients Abandon Ship – “Galleon’s chief operating officer, Rick Schutte, directed portfolio managers Monday to shed some positions in a “coordinated, orderly fashion,” according to a Galleon trader. The trader said he wasn’t told to sell everything but to begin raising some cash.” [WSJ]
NYC Judge Tosses Suit Against Biden’s Son, Brother – The non-Joe Bidens had been sued for $10 mil by an investor who says he was double-crossed on a purchase of a hedge fund firm. [AP via NYT]
Huron, others could get caught in Galleon Group problems – Raj held nearly 6% of Huron in mid-August according to the Trib. [CT]