Thursday’s Headlines: Tips to help MBAs master the new GMAT exams

You may have heard the GMAT is reinventing itself, and Businessweek is all over it. In a series of stories, the magazine chronicles the changes that go into effect June 5th. These stories include a review of how the new integrated reasoning questions reflect our data-rich world, and how test-prep companies are keeping pace with these changes. Businessweek is also producing a series of tips to help prospective MBAs master the exam. Here is a roundup of recent stories that provide test-taking tips:

• Know the difference between “if” and “whether.”
• If it takes you longer than two minutes to do a math problem, you are missing a shortcut.
• On sentence structure problems, aim for the simplest expression of the message.
• Stick to your timing, cut yourself off on questions that are too difficult and make educated guesses.
• Instead of aiming for the perfect answer, look for the best answer.

Other News:

British insurance company Prudential will buy the U.S. life insurance unit of Swiss Re for $621 million. [WSJ]

More than 32,000 people signed a petition calling for J.P. Morgan’s Jamie Dimon to step down from the board of the N.Y. Fed. [NY Times]

J.P. Morgan will spin off its chief investment office. [Financial Times]

Boston RIAs Mintz Levin and The Colony Group will merge to create a $2.5 billion venture. [Investment News]

Wells Fargo has promised $432.5 million to settle a lawsuit filed by Memphis claiming predatory lending against minorities. [CNN Money]

Splendid Asia Macro Fund run by former Credit Suisse executive Charlie Chan gained 20 percent through April. [Bloomberg]

Bain Capital will raise its 11th leveraged buyout fund, with an aim of drawing $8 billion. [DealBook]

Canadian bank consortium Maple Group renewed its $3.8 billion bid for the Toronto Stock Exchange. [DealBook]