• Robert W add a quote by Richard G. Scott July 5, 2012
    "Sadness, disappointment, and severe challenge are events in life, not life itself. I do not minimize how hard some of these events are. They can extend over a long period of time, but they should not be allowed to become the confining center of everything you do. The Lord inspired Lehi to declare the fundamental truth, “Men are, that they might have jo […]

Apple works to keep up with crush of iPhone demand (AP)

AP – The iPhone 4 has arrived, but for some people the wait continues as Apple sprints to keep up with fierce demand for its latest gadget.

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Twitter settles with FTC over data security lapses (AP)

AP – Twitter has agreed to settle charges by federal regulators that it put the privacy of its users at risk by failing to protect them from data security lapses last year that let hackers access their accounts.
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Oracle’s net jumps 25 pct in first full Sun qtr (AP)

AP – Oracle Corp.’s net income jumped 25 percent in the most recent quarter as CEO Larry Ellison trumpeted momentum in the company’s efforts to sell computer hardware and in its showdown with IBM Corp.

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Russia president gets iPhone straight from Jobs (Ben Patterson)

Ben Patterson – Guess who didn’t have to wait in line for an iPhone 4? Russian President Dmitry Medvedev, who got a personal tour of his new iPhone from none other than Apple chief exec Steve Jobs.
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iPhone 4: Early thoughts and hands-on impressions (Ben Patterson)

Ben Patterson – It’s fast, solid, thin but a bit hefty. And though the Retina display is as eye-popping as they say, the new 5-megapixel, flash-equipped camera still leaves plenty of room for improvement. Read on for these and other hands-on impressions of the iPhone 4.
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Square Feet: New Accounting Rules Could Unsettle Leasing Market

The new standards will change how companies account for leases on their balance sheets, with possible consequences for credit ratings and debt covenants.

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Square Feet: Pop-Up Stores Become Popular for New York Landlords

The concept of pop-up stores, open for as little as a few days, is no longer tied to holiday themes. And some landlords are finding the idea useful for marketing.

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Lions Gate and MGM Hold Talks on Potential Deal

Lions Gate Entertainment and MGM have been holding merger talks, but it is not clear that a deal would emerge, people briefed on the matter told DealBook on Thursday.
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Lawmakers Still Wrangling Over Derivatives Rules

House and Senate negotiators scrambled to reach final agreement on how to regulate derivatives and whether to impose restrictions on the ability of banks to trade for their own benefit.
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Subprime Case Costs Morgan Stanley $102 Million

Morgan Stanley agreed to a settlement to end an investigation in Massachusetts into unfair lending practices.
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ZelnickMedia to Buy Company Behind ‘Gossip Girl’

From Media Decoder: Alloy, the media company behind “Gossip Girl,” is being acquired by an investor group led by ZelnickMedia for approximately 6.5 million.
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In Madoff Case, Action Is Mainly Civil, Not Criminal

White Collar Watch examines the latest civil cases tied to Bernard L. Madoff’s vast Ponzi scheme and considers why the government has not filed any new criminal charges in its investigation.
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Hasbro Says It Isn’t in Takeover Talks

Hasbro, the big toymaker behind the Transformers and G.I. Joe brands, on Thursday denied currently holding any talks to sell the company.
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Supreme Court Finds Fault in Skilling and Black Rulings

Updated: The Supreme Court ruled that the convictions of Jeffrey Skilling and Conrad Black were flawed, finding fault in interpretations of the statutes used to prosecute them.
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White House Says Overhaul’s ‘Broad Parameters’ Set

The Obama administration is already looking past the finish line at the new financial landscape, saying the problems of consumer protection, the derivatives market and “too big to fail” will be solved.
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Morning Take-Out

Private equity firms are sitting on a wad and trying to find ways to spend it before their funds expire — sounds like a dangerous situation. While the buyout shops have a cup that overfloweth, the White House has a hole to fill — the position of budget director — even if the Dems don’t [...]

Tribune Examiner Asks for More Time

The independent examiner in the Tribune Company bankruptcy case is asking for more time to complete his report on the media company’s 2007 leveraged buyout.
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ExtremeReach Grabs $9 Million

Extreme Reach, a video advertising platform, has closed a million second round of funding.
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P.E. Firms Find Way Around F.D.I.C. Rules

Private equity firms thwarted by the Federal Deposit Insurance Corporation in their efforts to buy ailing banks, have found a way around the problem, Bloomberg News writes: Buying healthy lenders that they can later merge with distressed firms.
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Former Unilever Executive Joins CD&R

Clayton Dubilier & Rice has hired Vindi Banga, the former Unilever executive who resigned in March, as an operating partner in its London office, Reuters reported.
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Korean Bank Said to Talk Stake Sale With Blackstone

South Korea’s Woori Finance Holdings was in discussions with U.S. private equity house Blackstone Group over the acquisition of a stake in the state-owned Korean bank, reports said on Thursday.
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European Union at Impasse Over Hedge Funds, Report Says

European lawmakers and diplomats are engaged in a stand-off over rules to tighten regulation of hedge funds, Reuters reported.
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Streetscapes: When East 70th Street Was Horse Heaven

A block of East 70th Street was once reserved for the stables of the well-to-do.

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Big Deal: Artist Lofts Hit the Market

Lofts owned by actual artists are listed in SoHo and Little Italy.

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1810 Timber-Frame House for Sale in Athens, N.Y.

An 1810 renovated timber-frame house in the Hudson River Valley features original details like exposed beams and a cooking hearth.

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On Location: In Istanbul, From Ransacked to Revived

A Turkish town house caught in the crossfire of a divorce gets a 0,000 renovation.

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Big Deal: Madoff Son Sheds Nantucket Home

A son of Bernard L. Madoff is selling his home on the island of Nantucket for .5 million.

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Big Deal: Change Comes to a Dakota Apartment

A long-held apartment at the Dakota is listed for .95 million.

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