Bill Ackman is known for going all-in on his investments, and he's putting it all on Michael Bloomberg.» Read More
Establishing a no-fly zone over Libya is likely to be far messier and less effective than advocates like Senators John McCain and John Kerry are forecasting.
Stratfor’s George Friedman has the best analysis so far of the perils of a “no-fly” policy. Let me run through his important points .
In Wall Street terms, the trial of Raj Rajaratnam is like Wyatt Earp and Doc Holliday against Johnny Ringo and the Clanton Gang, staging what could be the final showdown at the financial markets’ version of Tombstone.
Ralph Rosenberg, ex-Goldman Sachs and Eton Park partner has just been made the chief of global real-estate investing at KKR.
It’s almost certain that the government recorded conversations between Rajat Gupta and Raj Rajaratnam.
Pretzels are the latest symbol of failure for the airline industry.
Continental Airlines has eliminated its distribution of free pretzels to coach class customers during domestic flights. When an airline stops giving away salty snacks some see harbingers of doom. For example, the New York Times writes :
Apparently, there’s a lot of confusion about why the SEC chose to bring the action against alleged insider trader Rajat Gupta as an administrative procedure rather than a civil or criminal trial in federal court.
War fever is growing ever hotter with each passing day.
Criticism of president Obama's resistance to committing the United States to a war to erect a No Fly Zone over Libya is heard from both sides of the aisle.
Prepare for a victory lap at 200 West Street: Goldman Sachs has rejoined the ranks of respectability.
Bloomberg reports : "The Bank of England’s appointment of Goldman Sachs Group Inc. Senior European Economist Ben Broadbent to its Monetary Policy Committee shows governments are again looking to the firm for top decision makers, less than a year after it settled U.S. fraud claims."
Accused insider trader Rajat Gupta resigned yesterday from the boards of directors of AMR Corporation and its subsidiary, American Airlines , Inc.
But the loss of yet another board seat—Rajat was also on the boards of Goldman Sachs and Procter & Gamble before the SEC began investigating his connections to Galleon hedge fund founder Raj Rajaratnam’s alleged insider trading—is hardly the worst of Gupta’s worries.
The battle has been joined—and the belligerents have hewn to precisely the war plan one would expect of each.
Francesco Guerrera foreshadows a great deal of the looming hostilities between banks and the shadow banking system in his aptly named article "Monsters that lurk in the shadows of Wall St," which appears in today's Financial Times .
Investors looking for direction shouldn't expect to receive good news on the earnings front, Mike Thompson said.
The central bank is showing some serious deference to the folks making the financial world move.
U.S. Democratic presidential candidate Hillary Clinton will propose a tax on high-frequency trading, her campaign said.