JPMorgan Chase boss Jamie Dimon and New York Fed President Timothy Geithner are among the banking executives and regulators testifying before the Senate Banking Committee on Thursday about the Fed-backed takeover of Bear Stearns.
Click here to read Geithner’s prepared opening statement. He justified the Fed-funded J.P.Morgan buyout of Bear Stearns as the lesser of two […]

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Marc Cluzel, head of research at French drugmaker Sanofi-Aventis, talks to Reuters’ Ben Hirschler about the outlook for the company’s pipeline of new drugs.
The group had a major setback last June when U.S. experts recommended against approving its weight-loss drug Acomplia, also known as Zimulti, because of worries it might […]

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“Activism as an asset class has delivered better returns with less risk,” according to Mark Shafir, co-head of global M&A for Lehman Brothers, speaking at the Tulane’s Corporate Law Institute conference in New Orleans.
Speaking about the trough in M&A activity this year, Shafir said corporate clients have become more aggressive and institutional investors are […]

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