DealBook

The move will elevate the American who has propelled much of the firm's growth to the top of the British bank.…Read

Air Products and Chemicals raised its takeover offer for Airgas to $5.48 billion in cash, as it presses forward with a proxy fight over its target's board of directors.…Read

Goldman Sachs is closing its Principal Strategies group, which trades using the firm's own money, Bloomberg News reported Friday.…Read

A fire at a Mariner Energy platform in the gulf raised concerns that Apache might exercise the material adverse change clause in their merger agreement. But the Deal Professor says there is no cause for MAC litigation.…Read

The onetime lieutenant of Eliot Spitzer is now being backed by financiers as the next attorney general of New York, The Financial Times reports, citing an analysis of campaign contributions.…Read

Three of 3Par's earliest backers have reaped about $560 million from the bidding war between Dell and Hewlett-Packard over the data storage company.…Read

How the stimulus is changing America; Depression economics; an American (start-up) in Paris…Read

Nine months after his ouster from G.M., Fritz Henderson will lead Sunoco's spinoff of its coking unit and eventually become the division's chairman and chief executive.…Read

Basis Capital, an Australian hedge fund suing Goldman Sachs for $1 billion for losses related to credit default swaps, made the deal in Australia and can't sue in the United States, Goldman Sachs has said, Bloomberg News reports.…Read

Goldcorp, the Canadian gold miner, said Friday that it would buy its Australian rival, Andean Resources, for 3.6 billion Canadian dollars in cash and stock, beating out an all-share offer from Eldorado Gold.…Read

Petroleo Brasileiro, Brazil's state-controlled oil company, may raise as much as $75 billion in a sale of new voting and preferred shares as part of a stock-for-oil swap with the government, Bloomberg News reported.…Read

Shares in Ping An Insurance climbed after TPG Capital's Asian unit sold the remainder of its stake in China's second-biggest insurer, Bloomberg News reported.…Read

Chinese investors approached Alberta Investment Management to consider a joint counterbid for Potash of Saskatchewan, the Canadian pension fund's chief executive officer said.…Read

When a German banker and former government official spoke publicly about a unique "Jewish gene," when he attacked Islam as a source of violence and stunted development and when he espoused genetic theories that evoked the Nazi…Read