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 nine 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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Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly $1 billion left, Barakett’s personal fortune, will be managed by him in a so-called “family office”. Atticus will keep its European fund (not managed by Barakett), with roughly $1.5 billion under management, open.
It’s strange enough when a stock is up 74% in two days, but rarer still when that move is not accompanied by any news to explain it. Such is the case for AIG, whose swift ascent yesterday (up over 8 points) and much of today (it was up over 17% at one point) is attributable to that most painful of investor predicaments: the short squeeze.
CIT, the finance company struggling to avoid a Chapter 11 filing as soon as tomorrow, is seeking to line up between $2 to $3 billion in secured financing from private investors, CNBC has learned.
An interview with Liberty Media CEO Greg Maffei on Squawk Box had some interesting moments this morning. I asked Maffei whether he would be interested in taking the top job at Direct TV, which long time CEO Chase Carey recently departed to take the number two job at Newscorp.
Why KKR is so determined to go public is something of a mystery to me....today it unveiled its latest proposal to go public through an acquisition of its KKR Private Equity Investors (KPE), a limited partnership that trades on the Amsterdam exchange and invests its funds in KKR’s private equity transactions.