An award-winning journalist and New York Times best-selling author, David Faber is a co-anchor of CNBC's "Squawk on the Street" (M-F: 9 a.m.-12 p.m. ET) and an anchor and co-producer of CNBC's acclaimed original documentaries and long-form programming.
During the day, Faber breaks news and provides in-depth analysis on a range of business topics during the "Faber Report." In his 20 years with CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management and Rupert Murdoch's unsolicited bid for Dow Jones.
Faber has reported ten documentaries for CNBC for which he has received Loeb, Emmy, Peabody and duPont awards.
His book, "The Faber Report," was published by Little, Brown in spring 2002; his second book, "And Then the Roof Caved In," was published in the summer of 2009 by John Wiley.
He holds a bachelor's degree in English from Tufts University.
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Berkowitz’s thesis is straight forward: he, like other large holders (think John Paulson) see a bank generating between $45 and $50 billion a year in pre-tax, pre-provision income and believe those provisions will continue their slow, but steady decline, significantly enhancing the bank’s bottom line.
Forgive me for having flashbacks to the arduous and unsuccessful battle Air Products and Chemicals waged to acquire Airgas, but International Paper's unsolicited bid for Temple-Inland is bringing back some bad memories, and not just because it’s in an industry that does little to excite the imagination.
After months of negotiations and delay, Avis Budget Group has finally received specifics from the Federal Trade Commission about what it must do in order to move ahead with any purchase of Dollar Thrifty Automotive Group.
You might not know when it would come, but you didn’t want to miss it when it did: that moment in an interview conducted by Mark Haines when he would cast a skeptical eye at his subject and bear down with that baritone voice in a relentless, but perfectly acceptable way and demand an answer.
The $17 a share bid from Liberty Media for Barnes and Noble may not be enough for a market that has sent shares of the bookseller well above it, but it is the only bid that’s emerged for the company since it put itself up for sale nine months ago and perhaps most importantly it includes the participation of Barnes and Noble’s founder and chairman Len Riggio.
In Value Act’s latest 13F filing it discloses a 1.9 million share stake in Cephalon. It’s a stake it did not own in the fourth quarter of last year.
“It was black and white. There was nothing we could do to get the deal done.” Those words from an architect of Nasdaq OMX Group and IntercontinentalExchange's unsolicited bid for the NYSE Euronext after a meeting between the management of those companies and the DOJ’s anti-trust division confirmed what many had believed on the day the bid was announced (April Fool’s Day).