Hedge fund Appaloosa Partners may be positioning itself to stir things up in the bankruptcy of auto-parts maker Dana Corporation. The fund, controlled by David Tepper, former head of junk-bond trading at Goldman Sachs, has taken a 14.8 percent equity stake in Dana, according to filings made Tuesday with the Securities and Exchange Commission. Appaloosa […] Read more..

By DEALBOOK - The New York Times

Shares of the NYSE Group got a warm welcome Wednesday as the company formed from the New York Stock Exchange’s historic merger with Archipelago Holdings made its debut as a publicly owned enterprise. The stock ended its first session at $80, up nearly 25 percent from the previous day’s closing price for shares of Archipelago, […] Read more..

By DEALBOOK - The New York Times

In a major hiring coup, Goldman Sachs has taken a team of five from UBS‘s highly regarded real estate group. The team is led by Michael Smith, who will become Goldman Sachs head of real estate investment banking and joins as a managing director. He was previously head of real estate at UBS and has […] Read more..

By WRITER - The New York Times

A California judge has allowed Overstock.com Inc. to proceed with its suit against Gradient Analytics Inc. and Rocker Partners LP, Overstock said Tuesday evening. Superior Court Judge Vernon Smith in Marin County, a San Francisco suburb, denied the defendants’ motions to dismiss the suit under the anti-strategic lawsuits against public participation (SLAPP) statute. Go to […] Read more..

By WRITER - The New York Times

Lakshmi Mittal, the Indian steel baron bidding for the European giant Arcelor, says that his family will consider making its voting rights in Mittal Steel equivalent to those of other shareholders if its contentious takeover bid for Arcelor were successful. His remarks, the first he has made publicly on the issue, reflect a recognition that […] Read more..

By WRITER - The New York Times

Reservoir Capital Group, a $2.8 billion hedge-fund firm, has invested $100 million in Octavian Advisors LP, a new fund that will sniff out “special situations” in overseas markets. Octavian will be run by Richard Hurowitz and Gregory Racz out of Reservoir’s Madison Avenue headquarters in New York. Go to Article from MarketWatch » Go to […] Read more..

By WRITER - The New York Times

Mario Gabelli’s legal troubles turned more serious on Wednesday when the Justice Department said it would join a civil fraud lawsuit against the famed money manager. The five-year-old private suit alleges that Mr. Gabelli, whose investment prowess has earned him the nickname “Super Mario” on Wall Street, created sham companies to bid for cellphone licenses […] Read more..

By DEALBOOK - The New York Times

Stanford Law School said Monday that it has received a $10 million donation from legendary venture capitalist Arthur Rock and his wife, Toni Rembe, to support study of corporate governance. The donation will create the Arthur and Toni Rembe Rock Center for Corporate Governance at Stanford, and is significant because it is the first such […] Read more..

By WRITER - The New York Times

VNU, the Dutch owner of market researcher ACNielsen and Billboard magazine, accepted a 7.5 billion-euro ($8.9 billion) offer from a group of buyout firms including Blackstone Group and Kohlberg Kravis Roberts & Company. Breakingviews notes that VNU has managed to squeeze a slightly better price from its private equity suitors than originally indicated. But, it […] Read more..

By WRITER - The New York Times

As shares of NYSE Group pop out of the gate, we were interested to get the following numbers from Sandler O’Neill & Partners showing the fantastic returns booked by exchanges that went public in recent years. Read more..

By DEALBOOK - The New York Times