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| Monday, November 14, 2011 | |||
TOP STORY
Deutsche Bank's Ackermann Won't Take Chairman Role Josef Ackermann unexpectedly canceled plans to assume the chairmanship of Deutsche Bank when he retires as chief executive in May, possibly heralding his departure from the public stage. | |||
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DEALBOOK HIGHLIGHTSWhite Collar Watch: MF Global and the Problems With Murky Accounting Peter J. Henning, the White Collar Watch columnist for DealBook, says that the collapse of MF Global, brought on by its exposure to $6.3 billion of European sovereign debt, shows how easy it is to obscure risky investments and the pitfalls that occur when those problems surface. Unicredit Looks to Raise $10.3 Billion Confronted by slumping profit and new capital requirements, Unicredit, Italy's largest bank, said that it would raise $10.3 billion and eliminate 5,200 jobs. Disney Acquires Parent Blogging Network In a bid to expand its digital footprint, the Walt Disney Company announced on Monday that it had purchased Babble Media, an online site for parents that features hundreds of bloggers. JPMorgan Names 2 Executives to New Posts Lauren Tyler, JPMorgan's head of investor relations, will become chief auditor. Martha Gallo, meanwhile, was named the head of global compliance and regulatory management. Moody's Buys Majority Stake in Indian Research Firm Copal's 1,250 analysts do equity research, due diligence on mergers and statistical analysis for dozens of big banks and funds, at a fraction of the cost of analysts in New York or London. Bank of America to Sell Most of Its Stake in Chinese Lender Bank of America announced on Monday that it would sell most of its remaining holdings in China Construction Bank to a group of unidentified investors, in a deal projected to raise $1.8 billion. Buffett Amasses 5.5% Stake in I.B.M. Warren E. Buffett, chairman of Berkshire Hathaway, revealed on CNBC that the conglomerate holds a $10.7 billion stake in I.B.M. BUZZ TRACKER
LOOKING AHEADEconomic Reports Data released on Tuesday will include retail sales for October, the Producer Price Index for October and business inventories for September. Corporate Earnings Companies reporting results on Tuesday will include Beazer Homes, Dell, Home Depot, Saks, TJX, Wal-Mart Stores. In the United States A House Judiciary subcommittee will conduct a hearing on Tuesday about computer security. The Senate Banking Committee will conduct a hearing about oversight of the Federal Housing Finance Agency. | |||
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DealBook Video
CNBC's Interview With Buffett Warren E. Buffett, chairman and chief executive of Berkshire Hathaway, sat for a lengthy interview on CNBC on Monday. |
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