Money: Latest Financial Topics from The New York Times ‘Deal Book’

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Here is the latest Money News from Deal Book.

Start-Ups Once Showered With Cash Now Have to Work for It
Instead of venture capitalists begging to invest in start-ups, entrepreneurs are begging for cash, and potential investors are making demands.

Wealth Matters: Giving Like Michael Bloomberg: ‘Find One Small Thing’
Observing how philanthropists like the former New York mayor collaborate with others to maximize their giving can help smaller donors make a bigger difference.

Breakingviews: A Tribune Acquisition of Gannett Would Be a Big Mouthful
The plan to turn the tables on Gannett would load Tribune Publishing with immense debt, which is what made it vulnerable in the first place.

Book Entry: Review: The Rise of the ‘Matchmakers’ of the Digital Economy
Three books explore the business models of companies that serve as multisided platforms that connect advertisers to consumers.

Sports Business: In the Clear, Phil Mickelson Can Thank an Insider Trading Ruling
A 2014 appellate court ruling that narrowed the definition of insider trading may have helped the golfer avoid charges, although the government would not explicitly say so.

Your Money: A Service to Pay Off High-Interest Credit Cards, but a Bad Time to Start
The service, Tally, is starting its business at the same time that a similar lender, Lending Club, is in deep trouble with regulators and financiers.

‘Brexit,’ a Feel-Good Vote That Could Sink Britain’s Economy
In their desire to leave the E.U., many Britons have found an outlet for fears about immigration and terrorism. But the cost of an exit would be high.

Another View: Giving Boards Balance as Regulatory Demands Grow
In an organization‘s zeal to comply with new rules, a board may be distracted from matters important for long-term sustainability.

News: Morning Agenda: Push Continues on Insider Trading Cases Despite Limits on Prosecutors
Puerto Rico’s Debt Crisis Addressed in Bipartisan Bill | Energy Transfer Delays Could Scuttle Merger with Williams

Fair Game: How Freddie and Fannie Are Held Captive
Newly unsealed documents cast doubt on the Treasury’s justification for sweeping the mortgage giants’ profits, exposing the perils of letting the government act in secret.

Puerto Rico’s Debt Crisis Addressed in Bipartisan Bill
The bill, which would put the island’s fiscal affairs under federal control, has White House support.

Delays by Energy Transfer Could Scuttle Merger With Williams, Suit Says
If Energy Transfer Equity can delay filing documents to complete its merger with the Williams Companies, it might not have to close the deal and pay a chunk of cash to shareholders.

Common Sense: Warren Buffett Stake Suggests Apple Is All Grown Up
When a value investor buys in, it’s a sign that a high-flying growth company has joined the ranks of venerable tech companies like IBM and Intel.

Letter From America: A Former Banker’s Push to End ‘Too Big to Fail’
Neel Kashkari, head of the Federal Reserve Bank of Minneapolis, was once a free-market ideologue. Now he fears that the financial sector is too large.

Breakingviews: BASF Should Steer Clear of Bidding for Monsanto
Although the chemical company has a good reason to prevent a Bayer-Monsanto tie-up, a counterbid doesn’t make sense financially.

A Sports Gambler and a Former Dean Foods Chairman Charged With Insider Trading
The charges against William T. Walters and Thomas C. Davis represent one of the most notable insider trading cases since an appellate court overturned two prominent convictions.

News: Morning Agenda: Bayer Offers to Buy Monsanto
Sandy Weill’s Wine Country Retirement | Exodus Continues at Credit Suisse

Jürgen Fitschen to Stay With Deutsche Bank in New Role
Mr. Fitschen is stepping down as co-chief executive of the German bank, as planned, but he will continue to work with clients on behalf of the lender.

Oil-Services Companies FMC Technologies and Technip to Merge
The all-stock deal, worth $13 billion, would combine the American and French companies, which have been hit hard by the global plunge in energy prices.

Monsanto Confirms It Has Offer for a Mega-Merger With Bayer
Without disclosing details, Monsanto said its board was reviewing a proposal that would create a giant with a combined annual revenue of $67 billion.

5 More Bankers Leave Credit Suisse
A reason for the exodus was said to be concern that investment banking had become less of a priority for Credit Suisse.

Sandy Weill’s Wine Country Retirement, With Notes of Rue and Chagrin
Mr. Weill, Brooklyn native, and his wife have decamped for Sonoma, Calif., after a career of soaring highs and vexing blows on Wall Street.

Fed Is Seriously Considering Raising Interest Rates in June, Meeting Minutes Say
The central bank sent an unusually frank message to Wall Street, delivered in the official account of the Fed’s April meeting.

Another View: Ill-Fated Strategy in Staples-Office Depot Deal
In a challenge to the planned merger of the two retail giants, the defense rested without presenting evidence, a strategy that appeared to backfire.

Breakingviews: Big Banks Back Off From Attacks on Financial Reform
Concerned by a change in the political mood, Wall Street is withholding support from a bill to repeal the Dodd-Frank Act.

Deal Professor: Leaks Abound as Yahoo Auction Gets Underway
Leaks can work both ways for companies, though the conventional wisdom is that they hurt deals more than help.

In Japan’s Slow Economy, Rare Price Rise Prompts Surplus of Remorse
An ad apologizing for the higher cost of an ice cream bar reflects the vicious cycle of falling prices and incomes as the country’s economy struggles.

News: Morning Agenda: A Tale of Two Silicon Valleys
I.M.F. Takes Firmer Stand Favoring Relief for Greek Debt | Bank of America Called ‘Bro’s Club’ in Bias Suit

Shareholders to Vote in July on London Stock Exchange-Deutsche Börse Merger
The question of approving the move would come after Britons cast ballots in June on whether to leave the European Union.

I.M.F. Takes Firmer Stand Favoring Relief for Greek Debt
The fund’s position is counter to Germany’s on the wisdom and future of austerity commitments, potentially setting up a conflict with creditors.

Breakingviews: In Time of Turmoil, Pandora Considers Selling Itself
A costly acquisition, an abrupt leadership change and a lack of song rights suggest the company is floundering. Its rivals, Spotify and Sirius XM, could make sense as partners.

Deal Professor: As Scrutiny Mounts, Acknowledging the Value of Lending Club
The company’s valuation has fallen off sharply under accusations of wrongdoing, but it has provided alternative lines of credit to needy businesses.

Big Law Firms See Strongest Revenue Gains Since ’08, Survey Finds
Revenue rose 5.8 percent in the first quarter of 2016 from a year ago, Citi’s Law Firm Group said.

Housing Agency Plans Mortgage Sale Reforms After Criticism
The new rules would come after months of criticism that the loan sale program has benefited private equity firms and hedge funds at the expense of strapped borrowers.

Britain Says It’s Committed to Sale of Lloyds Stake
The economic secretary to the Treasury said the government, which has a 9.2 percent stake in Lloyds Banking Group, would offer some of its holdings to retail investors this year.

News: Morning Agenda: Election Years Are Steeped in Markets’ Least Favorite Thing, Uncertainty
Gannett Sweetens Offer for Tribune Publishing | Activist Pushes for Sale of Pandora

DealBook: Election Years Are Steeped in Markets’ Least Favorite Thing: Uncertainty
Research shows that presidential election years paralyze businesses that fear making their next moves with the future so uncertain.

Activist Pushes Pandora to Put Itself Back on the Block
Keith Meister of Corvex Management said Pandora’s new chief seemed unwilling to consider a sale, and urged hiring a new firm to pursue one.

Lending Club, Already Troubled, Receives Justice Dept. Subpoena
Once considered the pioneer in its field, Lending Club is now fighting to defend the soundness of its business model.

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