The most authoritative model, at the moment, suggests a potential economic drain of as much as $32.6 billion by the end of 2015

Calculating the grim economic costs of Ebola outbreak

Michael R Bloomberg has decided to reassume the leadership of his business empire only eight months after ending his final term as mayor of New York.Late Wednesday, Bloomberg told close confidants and senior executives of Bloomberg LP, a financial data and media company, that Daniel L Doctoroff, its chief executive and a longtime friend and lieutenant, would leave the company at the end of the year and that he would take over.For years, Bloomberg had insisted that he had no intention of returning full time to the company he founded.When he left politics,  Bloomberg, 72, was expected to devote most of his time to giving away his $32.8-billion fortune. Those philanthropic efforts - on issues like gun control, immigration and public health - were supposed to take up much of his time and he would "most likely spend a few hours a day working from his new desk on the fifth floor," at Bloomberg's offices, according to a memo Doctoroff sent employees in January.But in recent months,  Bloomberg

Michael Bloomberg to return to lead company he founded

The combined company would have total revenue of $65 billion

Rupert Murdoch is rebuffed in offer for Time Warner

When Google sought to hire an Apple employee based in Paris, Google literally sought permission from Jobs firstrally sought permission from Jobs firstIt is the talk of the Valley.A high-stakes negotiation is taking place in Silicon Valley among some of the biggest names in the industry - Apple and Google among them - over accusations that they were involved in a collusion to prevent their employees from being hired at rival companies. The employees filed a class-action suit, contending that the illegal hiring practices cost employees $9 billion in lost wages. Now the companies are locked in mediation sessions, hoping to settle the case in the next several weeks.The question being whispered all over town now is how much will Apple, Google, Intel and Adobe ultimately have to pay?The companies privately scoff at the $9-billion figure that the plaintiffs are seeking, contending it amounts to extortion. The employees, who number about 100,000, suggest that the facts are so damning against t

Tech firms may find no-poaching pacts costly

Michael Lewis, the author of Flash Boys, discussed high-frequency trading on CBS show 60 Minutes

Fault runs deep in ultrafast trading

Business Standard

The annual parade of boldface names at the World Economic Forum in Davos, Switzerland, is always striking

Notable in their absence from Davos

Joe Tsai, executive vice-president of the e-commerce giant Alibaba, will be making the big decisions on the company's planned IPO

The man behind Alibaba's eventual IPO

Mandela was persuaded to support an economic framework for South Africa based on capitalism and globalisation after a series of conversations with other world leaders

How Mandela shifted views on freedom of markets

Ethics. Values. Integrity.Wall Street firms spend a lot of time using those catchwords when talking about developing the right culture. Bank chief executives often discuss how much effort they devote to instilling a sense of integrity at their institutions. The firms all have painstakingly written codes of conduct, boasting, "Our integrity and reputation depend on our ability to do the right thing, even when it's not the easy thing," as JPMorgan Chase's says, or, "No financial incentive or opportunity - regardless of the bottom line - justifies a departure from our values," as Goldman Sachs says.And yet a new report on industry insiders about ethical conduct, to be released on Tuesday, disturbingly suggests that Wall Street's high-minded words may largely still be lip service.Of 250 industry insiders from dozens of financial companies who responded to questions - traders, portfolio managers, investment bankers, hedge fund professionals, financial analysts, investment advisers, among ot

Incorrigible? On Wall Street, a culture of greed won't let go

Propose giving Dell shareholders the option to keep holding stock in the firm and take an additional $12 a share in cash or stock

Southeastern and Icahn ready rival bid for Dell

Here comes more uncertainty. It may sound counterintuitive, but whatever the outcome of the election &mdash; whether President Obama or Mitt Romney wins &mdash; the economy and markets are likely to face more uncertainty, not less, over the coming year.

Poll won't solve all puzzles

It is David Ebersman's fault. There is just no way around it.

David Ebersman: The man behind Facebook's IPO debacle

Are we in the middle of a bull run for mergers? If you read the front pages of many newspapers, you'd think so. The articles are right to some extent: We will most likely see a lot more deals than we've had in previous years. But the premise of these pieces is based more on prognostications than a clearly established trend.The examples cited  the Buffett-Heinz deal, the American Airlines-US Airways merger, Dell's leveraged buyout and the Comcast-NBCUniversal deal  have virtually nothing in common. They also have very little to do with the trends that bankers on Wall Street say they believe will drive a new cycle of deal-making.Let's take each deal, one by one.Berkshire Hathaway's deal for Heinz, according to Warren Buffett himself, has nothing to do with more confidence in the marketplace, low interest rates or just about any other factor signalling a clear direction for deals. "It was a one-off opportunity," he said, dismissing talk of trends. He said if the opportunity had come at an

A deal-making craze? Yes, with caveats

It is a $1-trillion game: use it or lose it. The private equity world is sitting on that 13-figure sum. It&rsquo;s what the industry calls dry powder. If they don&rsquo;t spend their cash pile snapping up acquisitions soon, they may have to return it to their investors. Nearly $200 million from funds raised in 2007 and 2008 alone needs to be spent in the next 12 months or it must be given back.

Private equity has a problem of plenty

&quot;Would I have done Bear Stearns again knowing what I know today?&quot;Jamie Dimon asked almost rhetorically last week at the Council on Foreign Relations in Washington.

Andrew Ross Sorkin

Andrew Ross Sorkin

Page 2 - Andrew Ross Sorkin

Calculating the grim economic costs of Ebola outbreak

Michael Bloomberg to return to lead company he founded

Rupert Murdoch is rebuffed in offer for Time Warner

Tech firms may find no-poaching pacts costly

Fault runs deep in ultrafast trading

Notable in their absence from Davos

The man behind Alibaba's eventual IPO

How Mandela shifted views on freedom of markets

Incorrigible? On Wall Street, a culture of greed won't let go

Southeastern and Icahn ready rival bid for Dell

Poll won't solve all puzzles

David Ebersman: The man behind Facebook's IPO debacle

A deal-making craze? Yes, with caveats

Private equity has a problem of plenty

Nowadays, Wall Street saviours may wish they weren't

David Ebersman: The man behind Facebook's IPO debacle