THE EXETER CONSULTING GROUP

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.

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.

Network equipment maker Cisco Systems said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market, Reuters reported.

Network equipment maker Cisco Systems said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market, Reuters reported.

Ron Burkle, the billionaire investor, plans to appeal a Delaware court ruling that upheld an anti-takeover “poison pill” put in place by bookseller Barnes & Noble.

Ben S. Bernanke, who told Congress in 2007 that the subprime mortgage crisis was “likely to be contained,” said Thursday that he had failed to recognize flaws in the financial system that amplified the housing downturn and led to an economic disaster.

The acquisition Burger King Holdings by a Brazilian-backed investment firm is one of those emblematic transactions that seems to herald the emergence of a new global business player, writes Larry Rohter.

Hewlett-Packard has raised its bid for 3Par to $33 a share.

Yell Group, the publisher of the yellow pages in Britain, saw its shares climb nearly 25 percent in afternoon trading in London on rumors of a bid to buy the company.

HSBC and rivals may be forced to move their headquarters out of Britain if the government decides to break up the banks, said Stuart Gulliver, chairman of Europe, Middle East and Global Businesses, Bloomberg News reported.

In the nearly two years since Lehman Brothers filed for bankruptcy, its former chief executive, Richard S. Fuld Jr., has often seemed a tragic and solitary figure, telling anyone who would listen that the investment bank could have survived if only it had had more time — and received a bailout like the government gave other Wall Street banks.

The deadline for Dell to respond to Hewlett-Packard’s offer for 3Par is only hours a way. The Deal Professor expects Dell to try to slow down the bidding war.

Airgas has raised a novel question of Delaware law in its fight with Air Products. The Deal Professor explains.

Goldman Sachs’s Lloyd C. Blankfein takes the biggest tumble in the magazine’s “New Establishent” rankings as finance remains an unpopular sector among the populace.

The ghost of the former chief executive Ken Lewis keeps haunting Bank of America. Since he resigned almost a year ago, it has made progress. Yet its stock has fallen 37 percent from this year’s high.