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peHUB Second Opinion

In Second Opinion, U.S. and Iran reach an agreement on nuclear talks, Apple’s music streaming deals fall under the EU’s regulatory spotlight and jobless claims fall to their lowest levels in 15 years.

U.S. Investor Warren Buffett listens to a question during a news conference in Madrid
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peHUB First Read

First Read starts your week with news of Twitter reviewing an alleged ISIS threat to co-founder Dorsey, two chip makers will merge in a deal worth $11.8 billion and without revealing a name, Warren Buffett says he has a successor in mind.

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peHUB First Read

First Read navigates the Nor’easter with news Deutsche Bank has been charged with tax fraud, diversity slowly grows in the venture capital world and the price of oil just keeps falling.

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peHUB First Read

Find out the latest midweek news as First Read has Johnson & Johnson to test an ebola vaccine in January, Toys R Us pulls “Breaking Bad” dolls and legendary Washington Post editor Ben Bradlee dies.

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peHUB First Read

To end your week, First Read has news on Warren Buffet’s investment mistake, President Obama might name an Ebola czar and Joe Biden’s son gets tossed out of the navy over cocaine.

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peHUB First Read

First Read reveals several Wall Street firms allegedly invested in Mugabe’s government amid massacre, how to 3-D print a master key that opens advanced locks and Amazon is going after Google’s core business.

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Newspaper Deals Hit and Miss with PE Firms

While the sale of the parent of the Chicago Tribune is drawing interest from Lee Mitchell of private equity firm Thoma Bravo LLC, a much smaller weekly paper in Boston plans to shut down for lack of a buyer.

Surge In Deals For Banks? Probably Not

Don’t expect a couple of recent big investments of private money into the banking industry to signal a resurgence of dealmaking in the sector, market watchers say. A pair of buyout funds, WL Ross & Co. LLC and The Yucaipa Companies, have made commitments to invest $50 million apiece in Amalgamated Bank, a $4.4 billion […]

Obama Pitches Changes to Carried Interest; PEGCC Rebuts “Buffett Rule”

President Obama’s plans to change the carried interest tax is getting more attention today.

Obama on Monday pitched a plan, which uses tax increases and entitlement cuts, to slash the federal deficit by $3 trillion, according to the New York Times. In the PE world, it’s the President’s introduction of the so-called “Buffett Rule” — which aims to change carried interest — that is getting tons of play.

Obama called to overhaul the tax code, Bloomberg News reported Monday. His plan aims to eliminate the “special lower rates for the wealthy,” which were “meant to be temporary,” the story says.

Poll Results: Sokol’s Fate? 70.2% Think Nothing Will Happen to Him (But He’ll Likely Start His Own Firm)

The results of our David Sokol poll surprised me.

Yesterday, I asked what might happen to the former heir apparent at Berkshire Hathaway. Sokol, in case you’ve forgotten, bought Lubrizol shares and then pushed Warren Buffett to buy the company. Sokol, who was chairman of several Berkshire units, resigned after his Lubrizol trades became known.

Berkshire shareholders are expected to convene in Omaha tomorrow for the annual meeting. Buffett is sure to be grilled about his poor handling of the scandal. Right now, we don’t care about that. We want to know what will happen to Sokol.

Question of the Week: What Fate Awaits David Sokol?

Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool.

Things aren’t looking too good for David Sokol, Warren Buffett’s former heir apparent at Berkshire Hathaway .

Yesterday, Berkshire slammed Sokol when it said he violated the company’s standards of conduct and its insider trading policies when he bought Lubrizol shares and then pushed Warren Buffett to buy the company. Sokol, who was chairman of several Berkshire units, resigned after his Lubrizol trades were made known.

This has been an embarrassing situation for Buffett and Berkshire. The Oracle of Omaha has always been big on ethics. He is sure to face some tough questions this Saturday when Berkshire hosts its annual shareholder meeting.

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