Thursday, March 29, 2012

Business briefs

Jobs bill OK

The House passed a bill aimed at boosting jobs by easing an array of business regulations. The bill also would quadruple to 2,000 the number of shareholders closely held companies can have before they open their books to the SEC.

EMI probe

California Attorney General Kamala Harris is probing the planned purchase of EMI Group by Vivendi’s Universal Music and an investor group led by Sony/ATV Music Publishing, two people familiar with the inquiry told Bloomberg News.

BATS board

The BATS Global Markets board voted its unanimous support for CEO Joe Ratterman. In addition, the company will split the CEO and chairman roles.

Wells’ ills

Wells Fargo must face a group lawsuit by institutional investors that claim the bank marketed a risky securities-lending program as safe, a Minnesota judge ruled.

Mack is back

KKR & Co., named former Morgan Stanley CEO John Mack as a senior adviser.

Reuters

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Attorney General Kamala Harris, Universal Music, shareholders, Joe Ratterman, business regulations, EMI Group, Sony/ATV Music Publishing, Jobs bill OKThe, Morgan Stanley CEO John Mack

Nypost.com

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