SoCal law firm opens in Oakland

A southern California law firm is expanding its Bay Area presence with the hire of 12 attorneys in Oakland from McDonough Holland & Allen P.C., which is disbanding.
Burke Williams & Sorensen LLP said it will bring on the 12 Oakland lawyers who specialize in public law, which involves counseling cities, counties or taxpayer-funded districts.
Burke Williams […]

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Congress reverses Medicare cuts

The House voted Thursday to reverse a 21% cut in government fees paid to doctors who treat Medicare patients.
The vote followed Senate passage last Friday of the same legislation, which retroactively rescinds the June 1 cut for six months and adds a 2.2% increase in doctors’ rates.
The House vote passed 417-1. Rep. George Miller, […]

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Morgan Stanley shares fall on investigation reports

Shares of Morgan Stanley fell Wednesday following reports that U.S. federal prosecutors are looking into whether Morgan Stanley misled investors about complex mortgage derivatives it designed.
Citing people familiar with the matter, the Wall Street Journal said that investigators are scrutinizing Morgan’s so-called collateralized debt obligations, or CDOs.
Morgan Stanley (MS, Fortune 500) opened at $27.34 […]

What now for Eliot Spitzer?

Fortune editor at large Peter Elkind spent almost two years working on his new book, Rough Justice: The Rise and Fall of Eliot Spitzer, due out from Portfolio April 20. An exclusive excerpt of the book will appear in the next issue of Fortune and on Fortune.com. Elkind recently interviewed Spitzer again about his […]

DBJ Business Pulse: One-third expect to add jobs in 2010

One-third of DenverBusinessJournal.com readers who responded to our latest Business Pulse question said they expect their business will add at least a few new jobs in 2010.
In our unscientific online opinion survey, the percentage of readers who predict new positions at their company outnumber those who expect job cuts, 34 percent to 22 percent.
Another 22 […]

DEALTALK-FCC conditions on Comcast-NBC could hurt synergy

Comcast Corp’s bid for a controlling stake in NBC Universal to create a media powerhouse could be hurt by conflicting interests on Capitol Hill and conditions that hurt synergies, but the deal will likely be approved by regulators after a lengthy review.
Comcast and General Electric Co have been in talks to reach a […]

Kraft set to formalize hostile Cadbury bid Monday: sources

Kraft Foods Inc is expected to formalize on Monday a hostile takeover bid for Britain’s Cadbury Plc valued at roughly 10.2 billion pounds ($16.7 billion), sources familiar with the situation said on Sunday.
Cadbury previously rejected Kraft’s informal offer two months ago, which was worth 745p a share, saying it made no strategic or financial […]

Comcast beats Street on phone, Internet service

Comcast Corp’s quarterly profit rose a better-than-expected 22 percent, as it sold more phone and Internet subscriptions, helping to fight competition from phone and satellite companies.
But the largest U.S. cable company, which sources have said is in talks to take control of NBC Universal, suffered from a lack of corresponding gains in revenue received […]

Merkel Close to Her Tax-Cut Goal in Coalition Talks

German Chancellor Angela Merkel’s new coalition is close to agreeing on her goal of income-tax cuts of about 15 billion euros ($22 billion), according to her allies from the Bavarian Christian Social Union.
Lawmakers from Merkel’s Christian Democratic Union, or CDU, the CSU and the Free Democrats have brokered a compromise on cutting taxes […]

U.S. MBA Mortgage Applications Index Soared 17% Last Week

Mortgage applications in the U.S. jumped the most since March last week, as lower interest rates sparked a surge in refinancing and purchases also rose.
The Mortgage Bankers Association’s index of applications to buy a home or refinance a loan increased 17 percent to 648.3 in the week ended Sept. 4 from 554.1 a […]