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Wednesday, July 2, 2008
  "Global deal volume in the first half was down 36 percent, according to Bloomberg data. There were 14,210 deals with an announced value of $1.53 trillion, the lowest since 2005, down from 16,489 deals valued at $2.37 trillion a year earlier." Bad news for lawyers, investment bankers, and other dealmakers on Wall Street and in the City of London. Story here.
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com