company town

What Did the Editor Know, and When Did He Know It?

Wall Street Journal editor Paul Steiger opted to sit on the story of Rupert Murdoch’s bid until it was broken by CNBC. But who else knew about the deal, and did they profit from the information? [NYT]
• The Newseum will open in Washington in October. Exhibited artifacts will include Daniel Pearl’s laptop and the slippers former blogger Ana Marie Cox wore while writing Wonkette. [NYT]
• If Thomson buys Reuters, Reuters’s CEO would run the new financial-information company, to be called Thomson-Reuters. [Reuters via Romenesko]

• Merrill Lynch paid $212,505 for Stan O’Neal’s car service last year. Chuck Prince doesn’t use a Citigroup car but did report $258,338 for time on a private jet. [MarketBeat/WSJ]
• That big deal that Perella Weinberg Partners is waiting for? The firm was almost hired by the Fords to advise the family on its holdings last month but didn’t win the business. [Detroit News via Deal Journal/WSJ]
• A former Morgan Stanley compliance officer and her husband will plead guilty charges stemming from the largest insider-trading case since the eighties. [DealBook/NYT]

Harper’s Bazaar unwittingly cast Paris Hilton and Nicole Richie in a photo shoot called “Partners in Crime” for the June issue. [WWD]
• Find the Kate Moss for Topshop collection tomorrow at Barneys Co-ops. [Racked]
• A Cornell student designed a collection with bacteria-trapping fibers that kill germs before they reach the skin. [ScienceDaily via Fashionista]

• Lateral partners are happier at their new firms than they were ten years ago, but their expectations to expand — often a top reason for going lateral — are rarely met. [The Recorder]
• Debevoise & Plimpton upped their clerkship bonus to $50,000, a nice round number that’s fast becoming the new standard. [Above the Law]

*Correction: In an earlier version of this story, Reuters was incorrectly identified as the buyer of Thomson.

What Did the Editor Know, and When Did He Know It?