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From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 6:06 pm ET
Yahoo just issued a completely unconvincing yet totally predictable response to Carl Icahn's proxy fight letter, essentially flipping him off. It said: Unfortunately, your letter reflects a significant misunderstanding of the facts about the Microsoft ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 11:45 am ET
We presume that he has a prenup, but who knows? In any case, we're just wondering if the split might spill into the board room or if it will be handled in a civil manner. ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 9:45 am ET
"My mother called me up at the end of the equity bubble, and... you know I have been at the heart and seen some of the problems, and my mother said, 'Hey how come you ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 9:05 am ET
so he's offered to make pro rata refunds to contributors of $2.9 million to his Spitzer 2010 campaign fund. If you gave him money, you have until June 15 to send in an official request ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 8:55 am ET
Duh. Reuters tells us that a new report out of compensation consultants Johnson Associates indicates that bonuses this year could be pretty slim, contracting from 10 - 25%, and possibly 35% in the executive suite. ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 15, 2008 at 7:29 am ET
Clear Channel deal puts banks on defensive Volcker Says Fed Interventions Risk Political Battles Barclays writes down a further £1bn Mizuho Predicts Profit Recovery After Subprime Losses GE could sell appliances unit Toyota Prius sales ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 7:33 pm ET
Gooooooooooo Carl!. Really, those jokers on the Yahoo board all deserve to get the hook. Carl Icahn has apparently decided to go the proxy fight route and will attempt to lay waste to the entire ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 4:10 pm ET
Seems like it's been around for many weeks, but Henry Blodget is editing a new blog called Clusterstock: We're yet another site focused on the financial markets. We offer proprietary and third-party analysis, financial models, ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 11:16 am ET
Calling all publicity hungry hedge funders / traders: Wall Street Warriors, the series shown on HDTV network MOJO-HD wants you. (That's the show that chronicled publicity ho & bar mitzvah money hedge fund wannabe / ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 9:07 am ET
According to Page Six, Barbara Walters, who recently published her kiss and tell memoirs, may be stinging from some of the criticisms over her affair with then-married Senator Edward Brooke. But more interestingly is what ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 8:46 am ET
It's more like $9 billion so far, but could end up plus or minus another billion.... JPMorgan Chase is to take a charge of about $9bn – half as much again as its estimate – ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 14, 2008 at 7:29 am ET
Yahoo Rises on Reports That Icahn Is Considering Board Fight Hopes rise over Icahn’s Yahoo campaign U.S. Foreclosures Rise 65 Percent as Vacated Homes Add to Glut Senate rejects Bush policy of boosting oil reserve ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 13, 2008 at 1:55 pm ET
With private equity deals few and far between, Blackstone is delving deeper into the event driven fund business. And they're looking to further expand their interests in Asia with their most recently announced move. Schwarzman ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 13, 2008 at 10:33 am ET
Or was Alan Schwartz just plain dissed at a luncheon hosted by Ben Bernanke and attended by most every other Wall Street BSD? Or maybe he was invited and was just too busy trying to ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 13, 2008 at 9:33 am ET
That Meredith Whitney is a busy busy bee. Yesterday, Oppenheimer's financial stock soothsayer rained on Vikram Pandit's plan to put Citi back on the road to recovery where she said that the plan sounded all ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 13, 2008 at 9:02 am ET
But the U.S. recession is "just beginning" and that there's a one out of three chance that this one could be as bad as the early 1980's. He also commented on how the Bear Stearns ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 13, 2008 at 7:29 am ET
HP to Acquire EDS for $13.9 Billion Wal-Mart Profit Increases on Discounts for Groceries Investment Banking Backlog Down About 15% In 2Q: Lehman CFO Nymex Seat Holders Ready to Block Sale to CME, Glass Says ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 2:07 pm ET
Lampert, Wood Show Risk of `Concentrated' Hedge Funds Credit Default Swaps: Weopons of Mass Speculation Shell game Hedge funds start to buy bank debt
... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 1:12 pm ET
Turns out that Stanley Druckenmiller, who runs hedge fund Duquesne Capital, was one of those behind the move. Page Six tells us that he wrote a $250K check to the Draft Bloomberg Joint Fundraising Committee ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 11:39 am ET
The WSJ delves into the rise and rapid flame-out of Peloton Partners.... When hedge-fund chief Ron Beller's investments in U.S. mortgages turned against him, he got a rude awakening to Wall Street's unsentimental ways. Bankers ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 10:32 am ET
There's no escape from the mortgage crisis, not even in the Hamptons, as the NY Post reports that some very tony homes are facing foreclosure, including one from a former UBS executive. In the first ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 9:10 am ET
How some are coping: Since JP Morgan can notify Bear Stearns employees that they'll soon have no jobs but can't actually fire them until the merger is done, they still get paid. To do essentially ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 8:55 am ET
Amid rumors that layoffs would be announced this week at Lehman Brothers, some apparently found out their likely fate early -- by receiving notifications of COBRA medical benefits and costs, according a report from Henry ... ( more)
From Wall Street Folly - view blog entries - visit this blogMay 12, 2008 at 7:29 am ET
MBIA Posts Loss of $2.4 Billion as CDO Slump Deepens AIG chief under mounting pressure Morgan Stanley fund targets distressed assets Morgan Stanley Fund Rakes In $4 Billion Nymex Chief Confident CME Merger Will Get ... ( more)
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