We know many of you were likely hard at work this weekend. You weren’t alone. Here’s a recap of business and law’s breaking weekend news:
On Sunday, China’s Sinopec agreed to buy Daylight Energy, a Canadian oil and gas producer, for about $2.1 billion in cash. Chinese companies are increasingly flocking to invest in Canada’s oil-rich resources.
Two ousted Bank of America executives, Sallie Krawcheck and Joe Price, will receive $6 million and $5 million, respectively, under newly signed agreements smoothing their departures from the bank. Not a bad way to go out of the corporate world!
The average rate on the 30-year fixed mortgage this week fell below 4 percent for the first time ever, to 3.94 percent. Time to help your client’s get financing for their small and bug business ideas!
On Friday, Emanuel Goffer was sentenced to three years in prison. Mr. Goffer, 33, was part of an insider trading scheme devised by his older brother, Zvi Goffer, a former trader at the Galleon Group hedge fund, who bribed corporate lawyers for confidential information about corporate mergers.
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