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February 21, 2008

Reed Elsevier buys ChoicePoint for $3.6B

ChoicePoint Inc., a 1997 spinoff of credit agency Equifax, is being acquired by the parent of LexisNexis in a $3.6 billion cash deal that offers a major premium for a company that weathered an embarrassing breach of its database, federal investigations and a stock-trading probe of its top two executives.

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Seoul indicts Warburg Pincus official over LG Card

South Korea has indicted the head of the South Korean office of U.S. private equity firm Warburg Pincus over suspected insider trading in shares of LG Card in 2003, prosecutors said on Tuesday.

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MBIA lifts Wall Street

Stocks ended higher on Thursday after a major bond insurer reassured investors about its stability, fueling a rebound by financial shares hammered recently by the prospect of crumbling credit markets.

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