Write-Offs: 11.25.14

Author:

Dealbreaker

$$$Justice Department Investigating Possible HSBC Leak to Hedge Fund [WSJ]

$$$Apple Tops $700 Billion Valuation, Fueled by New Products [Bloomberg]

$$$Tech Bubble Won't Burst In 2015. 2016? [BusinessWeek]

$$$ British regulators are pressuring Bank of America Corp. ’s European investment-banking arm to improve the way it manages risks, saying its current practices are “simplistic” and need to be retooled, according to people familiar with the matter and communications reviewed by The Wall Street Journal. [WSJ]

$$$Joey Chestnut Sets New Turkey-Eating Record [AP]

$$$The Business Tycoons Of Airnb [NYT]

$$$Pope calls Europe ‘haggard’ grandmother [FT]

$$$Benihana heirs upset over squandered inheritance [CNBC]

Write-Offs

$$$ Europe Considers a Spanish Bank Rescue [Bloomberg] $$$ S&P says U.S. to avoid "fiscal cliff", risks remain [Reuters] $$$ "The fact is that if UBS ended up losing anywhere close to $350 million on Facebook stock, it has no business being in the equity capital markets at all." [Felix Salmon] $$$ Groupon is Now Giving Groupons ... for Groupon [NYO] $$$ Who cheats more, bankers or politicians? Disappointingly, bankers, according to a survey conducted in bars [Wonkblog] $$$ John Carney takes the pulse of Wall Streeters "waiting for a fourth martini at a once-fashionable midtown bar," "at a tavern along a cobble-stoned street in the financial district," "[a]t Stone Rose in the Time Warner center" and "having a drink with a colleague at Emmett O’Lunney’s" [NetNet] $$$ Are you a credit risk specialist? Any interest in analyzing credit risk for the National Rural Utilities Cooperative Finance Corporation in Dulles, VA? [DBCC] $$$ Citi Won't Request Stock Buyback This Year [WSJ] $$$ Gupta ‘Highly Likely’ to Take the Stand, Lawyer Says [WSJ Law Blog] $$$ After reading a passage about the prospect of Goldman buying a bank, Mr. Naftalis asked the chief executive if he had read the portion correctly. “Yes,” replied a smiling Mr. Blankfein, who glanced from the jury to the judge. “You read it well.” Judge Jed Rakoff, prone to making jokes during trial himself, belted out a laugh, and the courtroom followed. [DealBook] $$$ This year’s Nathan’s Hot Dog Eating Contest is expected to be even more heated than usual now that ESPN, which televises the July 4 competition, has pushed the start time later to accommodate the sports network’s first-ever coverage of Wimbledon. ... Major League Eating president George Shea said he expects the later 3 p.m. start time to also drive up ratings for the glutton-fest, which attracted 1.9 million live viewers last year. But he admits the mid-afternoon heat “should make it much more difficult” for the dog devourers to break Joey Chestnut’s 2009 world record of 68 hot dogs and buns in 10 minutes. “Heat causes the buns to crisp up more and the dogs to expand, making a run at the record nearly impossible,” said professional eater and perennial Nathan’s contestant Jason “Crazy Legs” Conti. [NYP] $$$ Vampire High Priest Loses Religious Civil Rights Case [ATL]

Write-Offs

Pimco sues Citi; Barclays settles Libor; "Sumner Redstone Denies Ex-Girlfriend's Claim He's Incapacitated"; and more.

Write-Offs

Greece; Puerto Rico; Currency market rigging; Yelp sale; "Leopard mauls guide’s arm during safari tour"; and more.

Write-Offs

Deutsche Bank will take big loss; Blythe Masters wants $25M; Prince Alwaleed likes Twitter; "Report: Scientists in Antarctica prone to alcohol-fueled fights, indecent exposure"; and more.

Write-Offs

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