As Yahoo took stock of its suitors yesterday, it released word that its business “continued to deteriorate in the first quarter, putting more pressure on the company to find a buyer quickly for its Internet operations.” Verizon remains the favored choice of the 40 or so bidders vying for the excited Y – NYTimes and WSJ
Because delay is an equal-opportunity game in D.C., the latest hold-up in the confirmation process for two SEC commissioners comes from a group of Democratic senators led by NY’s Chuck Schumer. At issue for the two previously vetted candidates? Mandatory political donation disclosures – NYTimes
Recently freed from its 15-year legal drama with holdout bondholders, Argentina’s wasted no time in jumping back into the bond market with a $16.5 billion offering – WSJ and Law360
Breakingviews talks itself a bit in circles in this look at Fintech, regulation, and the “rapid money movement,” but it’s chock full of enough buzzwords to merit a glance – NYTimes
Visa, MasterCard, and other credit card companies are feeling a little EMV-related antitrust heat after being accused of working “together to shift liability to retailers during the rollout of microchip-enabled credit cards” – Law360
A “consortium led by Apex Technology of China and PAG Asia Capital, a private equity firm,” has reached a deal to purchase printing and software company Lexmark for a reported $3.6 billion – NYTimes
Intel’s cutting 12,000 jobs as it deals with sharp declines in the PC market – Bloomberg
A particularly nasty Q1 for Goldman (beating low expectations aside) is prompting some soul searching about its strategy of sticking to its guns in focusing on traditional trading and investing businesses – NYTimes and WSJ
A former UBS trader admitted yesterday that he instructed a colleague to keep FICO scores away from S&P in 2007 “in an effort close a mortgage bundle,” an admission trustee U.S. Bank must be pleased with as it “seeks to hold the Swiss megabank liable at trial for building shoddy trusts that cost investors $2 billion” – Law360
The FBI’s on the hunt for cyber hackers . . . so it can hire them – NYTimes
Uhh, so much for all the home improvement shows on HGTV being staged to the point of scripted. A North Carolina couple’s adding “Sue Over It” to the traditional “Love It or List It” options – Huffington Post