What's the most expensive and depressing thing about America? WSJ's Mean Street columnist tells Dennis Berman that its America's inability to make easy choices.... MORE

Film maker Michael Moore spoke to Deal Journal this morning about his new movie, which blasts Wall Street and capitalism generally.... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

In some ways, Lincoln Center is a problematic venue for the New York debut of Michael Moore’s new film which concludes that capitalism is inherently evil. Consider that the hundreds of fans, celebrities and journalists, who crowded the newly renovated Lincoln Center last night to watch Moore’s take down of Wall Street and corporate America, were enjoying the sleek, new theater ... MORE

So you think you can manage AIG? Before answering, take a look at the AO's update on the AIG bailout, and then let us know.... MORE

For those of you keeping score at home, Dell's $3.9 billion acquisition of Perot Systems has further cemented the Goldman Sachs-Morgan Stanley cabal dominating many M&A deals at the moment.... MORE

The number of banks seized by regulators this year reached 94 on Friday. Here is a WSJ map to the scale of the U.S. bank failures.... MORE

Like father, like son? Ross Perot Jr., chairman of Perot Systems, has just sold the family computer business to Dell Inc. for $3.9 billion. It's not a bad deal for Perot. But Junior still has a long way to catch up with dad, the two time presidential candidate, whose fortune from Electronic Data System is the stuff of legend... MORE

The long-rumored deal finally came to fruition: Dell is buying information-technology service provider Perot Systems for $3.9 billion.... MORE

How much is Dell Inc. betting that Obama Administration’s health-care overhaul gets implemented? About $3.9 billion. That is the price Dell is paying to acquire Perot Systems, which derives 50% of its revenue by supplying information technology systems to hospitals.... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

Lehman Brothers refugees have scattered far and wide in the year since its collapse, from Barclays to bakeries. Andy Gelinas, a former Lehman vice president and in-house counsel, marched on Washington. Gelinas is now a senior counsel at the SEC.... MORE

If you listen to the dozen or so large and midsize banks that gathered this week in New York for a Barclays investors conference, it sounds like the threat of commerical real estate exposure is no big deal. But that seems like wishful thinking.... MORE

There are rare moments of coordination between the worlds of venture capital and private equity. This week, Timothy C. Draper of the VC firm Draper Fisher Jurvetson said he was the inspiration for the latest intersection of the two industry, the $2.75 billion purchase of online telephone operator Skype from eBay.... MORE

Deal Journal spoke to Adam Penenberg, author of "Viral Loop: From Facebook to Twitter, How Today's Smartest Companies Grow Themselves," to talk about Twitter's valuation, Facebook's profit and whether the dual reports answer the question about whether online media/social-networking Web sites can generate profits.... MORE

Wall Street has a conveniently short memory. Already, bankers and their backers are stewing over a proposal under which the Federal Reserve would micromanage compensation practices for financial types... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

Uh-oh, Wall Street. Now, you’re really in trouble. So what if Congress doesn’t like you – or even the American people. They don’t really matter.... MORE

Massachusetts latest entry in the race to fill Ted Kennedy’s senate seat is Steve Pagliuca. While he might have name-recognition issues in the Bay State, he is a well-known figure in the rarefied world of private equity. So if you are sitting at home in the Berkshires in Western Mass. or in your office on Boston's Beacon Hill, here are a few things to know about your candidate.... MORE

Another day, another Twitter valuation. The latest valuation being bandied about for the popular social-networking site is $1 billion.... MORE

Time may not heal all wounds, but making money sure does. A year after Lehman’s collapse, Wall Street’s got its mojo working. Can’t you see it?... MORE

Where is Kraft Foods going to find the $16.5 billion or so it would need to purchase Cadbury? Perhaps it might shake a few pennies loose from a side venture in magazine publishing.... MORE

In the year since Lehman Brothers failed, much of the financial world has changed.... MORE

Kohlberg Kravis Roberts has learned its lesson about distressed debt investing. The New York private-equity firm is taking the lead on $700 million in debt financing for Eastman Kodak, and charging the struggling camera and printer maker sky-high interest rates. The Kodak deal looks very different from the convertible debt deal that KKR struck with Legg Mason in 2008, the ... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

It was a year ago that Lehman Brothers Holdings' roughly 30,000 employees were sure they would lose their jobs, their salaries and their holdings in the Wall Street firm. Here is a look at where some of Lehman's executives, traders and rainmakers ended up:... MORE

How many advisers does it take to decide whether to make a takeover bid? Hershey and the trust that controls it have gradually built their stable of advisers, starting with J.P. Morgan Chase, then adding Perella Weinberg Partners. Now they have brought in two others: Watch Hill Partners, a boutique that was recently bought by FBR Capital Markets, and Byron Trott.... MORE

Citigroup Chairman Richard Parsons is one busy guy. His bank is about to take a crucial step in its road to recovery. And he is trying to restore Citigroup’s relations with federal regulators, while also helping the bank sell noncore assets and shore up its balance sheet. Yet, less than a year after taking over as chairman, Parsons is taking on a second job--senior adviser to ... MORE

Cracks first started to appear in the credit markets in mid 2007. Eventually, what came to be known as the credit crisis threw the U.S. and global economies into recession. A year ago this week, that credit crisis turned into a global financial crisis.... MORE

One of the bankers involved in the auto bankruptcies and government-bailout talks this year is moving to a new shop.... MORE

Adobe Systems Inc. says its $1.8 billion acquisition of Omniture Inc. is a “game changer.” But it may not be the change Adobe is hoping for.... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

AIG is far from out of the woods.... MORE

Warren Buffet says he was approached about insuring Lehman’s asset while Barclays PLC was considering a bid for the teetering investment bank last September. Buffett said today at Fortune’s Most Powerful Women Summit that he'd asked Barclays for more information, but never received it. Turns out, Barclay’s chief Robert Diamond had left Buffett a voice mail on his cell phone ... MORE

Friday witnessed the 115, 116 and 117 bank to fail since 2008. The most notable of the three banks was Corus Bank.... MORE

The hiring of Citigroup banker Bora Sila is a sizable coup for UBS, which is seeking to bolster its consumer and retailing investment-banking business.... MORE

"You have 280,000 people, and it hurts. Somebody makes a mistake, and it reflects on all of us." That is how Wells Fargo chief John Stumpf described the fallout from the story that a Wells executive was throwing personal parties in a posh Malibu house the bank had taken from a struggling home owner.... MORE

Meanwhile, over in Tokyo, Ken Lewis was reciting poetry....Only a few hours after Federal Judge Jed S. Rakoff swatted down the $33 billion settlement between Bank of America and the Securities and Exchange Commission, the bank chief took the stage and addressed a conference of Japanese investors. Lewis’s speech, which was prepared ahead of the judge’s ruling, included a very ... MORE

Deals of the Day gathers all the biggest news of the morning related to mergers and acquisitions, bankruptcies, financing and private equity.... MORE

What was President Obama really trying to say in his 30 minute speech timed to the one-year anniversary of the collapse of Lehman Brothers Holdings?... MORE