Irregular RegulatorsNEW YORK ( TheStreet) -- We've seen plenty of hostile corporate takeovers over the years. But the escalating battle between international regulators over the pending Oracle ( ORCL)- Sun Microsystems ( JAVA) deal is a new twist even for us. The European Commission, which formally objected to the $7.4 billion merger on the grounds that it could hurt competition in the database market, called out the U.S. Justice Department Tuesday. The cause of EC's displeasure was a curious statement by the U.S. regulator reaffirming its August decision to allow the merger.
Pinnacle's Pin-Head CEOPinnacle Entertainment ( PNK) says its CEO resigned "to pursue other business interests." We think his big mouth got him thrown out of the casino. Daniel Lee stepped down as the gaming company's CEO and chairman Monday, barely a week after he allegedly confronted a St. Louis County Council member who voted in favor of a rival company's expansion plans. The Missouri State Highway Patrol, which performs investigations for the Missouri Gaming Commission, said it is looking into Lee's actions. Pinnacle owns two casinos in downtown St. Louis and is developing a third in St. Louis County to open next year.
Disney's Christmas JeerBoy that Mickey Mouse can be a real Scrooge when things don't go his way. Mark Zoradi, president of Walt Disney ( DIS) Studios Motion Pictures Group and the head of worldwide marketing for all Disney, Pixar, Touchstone and Disney nature movies, announced Monday he is stepping down immediately in the wake of a weak opening for the costly holiday movie, "A Christmas Carol." The 3-D remake of the classic Christmas tale, which cost $175 million and stars Jim Carrey, opened to a pitiful $30.1 million at the weekend box office in the U.S. and Canada and is expected to lose up to $100 million.
Goldman's Divine InspirationWall Street may be a fertile ground for stupidity, but there are still times when we here at the Five Dumbest Lab struggle to find stories worthy of our list. If only we had a batphone to God like Goldman Sachs ( GS) CEO Lloyd Blankfein, it sure would make our lives much easier. The CEO of the gold-standard investment bank discussed his divine partnership in an interview with London's Sunday Times newspaper, saying his flock of bankers and traders are doing "God's work."