The surging power of activist investors is bolstered by a growing ally: public pensions and other big institutions.» Read More
If you're looking to get a meeting with the president of a Swiss bank, 'gesturing' with a bat may not be the most effective way to achieve your goal.
President Barack Obama unveiled his $3.73 trillion spending blueprint today. It promises $1.1 trillion in deficit savings over the next decade through spending cuts and tax hikes, including slashing the mortgage interest deduction for Americans already paying the top tax rates.
It’s good that Obama has put the mortgage interest deduction on the table. This is a huge housing subsidy that severely distorts the economy. But Obama doesn't go far enough. The mortgage interest deduction should be eliminated altogether.
President Obama proposes $1.1 billion in budget cuts—and the debate begins. [CNBC]
JPMorgan launching social media fund. [DealBook]
What the shorts are trying to tell you. [Reuters]
Looking for a job where you don't need to talk? [New York Times]
Did you hear the one about the classy Four Star general and the clueless senior White House advisor? [CNN]
Happy V-Day boys \(and girls\). Let's get on with it so you can beg, bribe or keep hitting refresh on opentable.com if you didn't already snag a spot for tonight yet. As for me, gents, I'll be reading about the FTSE and catching up on The Post's "Client 9" love column tonight.
As a general rule, hedge funds hate publicity.
They do everything than can to kill stories being written about them—especially any story they think puts the fund in a negative light. Hedge fund executives have lied to me, sued me, threatened to have me fired, and one guy from an English hedge fund once told me that if I went with a story I was working on about his fund, he would buy the building I lived in and have me evicted.
The Securities and Exchange Commission filed securities fraud charges against three former IndyMac executives—including the former CEO and two former CFOs of the company.
The SEC complaint alleges that the former IndyMac executives made false and misleading claims in the company's 2007 annual report—as well as in offering materials for a $100 million stock offering.
The scandal-plagued head of health-care investment banking has resigned to focus on family.
2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.
Softer talk on Ukraine from Russian President Vladimir Putin may be an early sign of recovery, said Christopher Granville.