Blog Profile / Dealbreaker
| URL : | http://dealbreaker.com/ | |
|---|---|---|
| Filed Under: | Business & Finance / Investing | |
| Posts on Regator: | 15331 | |
| Posts / Week: | 56.5 | |
| Archived Since: | April 7, 2008 | |
Blog Post Archive
Yahoo! Radically Changes Acquisition Strategy To “Don’t Screw It Up”
If you’ve seen the internet today you know that everyone wants to talk about their feelings regarding the union of Yahoo! and Tumblr, those icons of two different generations of internet orthography. Do you prefer the florid olden style...Show More Summary
Carl Icahn Will Answer Dell’s Questions When He God Damn Wants To
If there’s anything that Carl Icahn learned in the mean schoolyards of 1940s Far Rockaway, it’s chutzpah. To wit: responding to Dell’s demands for more information about his nebulous plan to sort-of take the company over by issuing a special dividend with no answers—but demands for information of his own. Show More Summary
H.M. Treasury Calls An Independent Scotland The Worst Thing It Can Thing Of
The British government is fighting dirty in its bid to win next September’s referendum on Scottish independence, with a new Treasury report calling Caledonia Cyprus without the beaches or Turks. An independent Scotland would have a vastly...Show More Summary
Opening Bell: 05.20.13
Hedge Fund Owner Gets Subpoena to Testify (DealBook) By subpoenaing Mr. Cohen, the government indicated that it was pursuing a case against SAC itself. Federal guidelines discourage prosecutors from soliciting grand jury testimony from the target of an investigation, which suggests that Mr. Show More Summary
Write-Offs: 05.17.13
$$$ Wall Street Bonuses, Staff Levels to Rise in 2013: Report [Reuters] $$$ Ackman, Investor Group in Contract to Buy a New York Penthouse for Over $90 Million [WSJ] $$$ Regulators Take Hard Line On Exchanges [WSJ] $$$ Is Ticket forShow More Summary
Nobody’s Happy With CFTC’s Plan To Only Micromanage Swaps Trading Strategy A Little
Are you as puzzled as I am by the mild brouhaha over the CFTC’s new swap execution facility rules? Basically the rules require that most swaps be traded on pseudo-exchange-y-type things called “swap execution facilities,” which are run either by an order-book system or a “request for quote” system. Show More Summary
SAC Capital Will No Longer Provide Investors With Updates On Its Unconditional Cooperation With The Government’s Investigation, Which Oh, By The Way, Ain’t So Unconditional Anymore
SAC Capital Advisors, the hedge fund owned by the billionaire investor Steven A. Cohen, told its investors on Friday that it was no longer cooperating unconditionally with the government’s insider trading investigation. “In the pastShow More Summary
Who’s Got A Great Trade They Want To Share With The Blackstone Group?
Hedge fund managers: Are you full of great, bold, interesting trade ideas? Haven’t gotten enough money from Blackstone (or anyone else) and/or have an annoyingly restrictive prospectus that won’t allow you to let it all ride on one of them? Need a little extra scratch? Blackstone is here to help. Show More Summary
Jim Cramer Humbly Explains How Journalists Shouldn’t Do Their Jobs
Everybody, stop what you are doing: Jim Cramer is talking. I spend an awful lot of time trying to figure out what makes sense to cover in terms of trying to help people — and what doesn’t make sense. I do it because one of the things...Show More Summary
Danielle Chiesi Is Back
For many people, prison is a terrible place that breaks their spirit and turns them into a shell of the person they once were. They grow bitter. They harden. Their looks take a hit. Two people for whom time in a correctional facility...Show More Summary
Opening Bell: 05.17.13
To Buy Bonds or Not to Buy: Fed Hawks, Doves Air Views (WSJ) The presidents of the Dallas, Richmond and Philadelphia Federal Reserve banks, long skeptics of the wisdom of the bond buying, said this week that they would like to see the purchases scaled back immediately. Show More Summary
Write-Offs: 05.16.13
$$$ Citi Bans Traders From Using Bloomberg Terminal Chat Groups [FT] $$$ CFTC: We’ll Probably Regulate Bloomberg [CNBC] $$$ Regulators Strike Compromise on New Derivatives Rules [WSJ] $$$ SocGen’s Russia unit CEO charged with bribery,...Show More Summary
Bernie Madoff Just Feels Like His Skill Set Isn’t Really Being Put To Good Use In Current Gig
Bernard Madoff once had billions of dollars, but now he makes $40 a month doing menial prison labor. “I used to work as a clerk in the commissary, and now they have me taking care of the telephone and the computer systems,” said Madoff, speaking by phone from a federal prison in North Carolina. Show More Summary
Vikram Pandit Returns!
Kind of! India’s JM Financial Ltd says former Citi Chief Executive Vikram Pandit and his business partner, Hari Aiyer are to buy a 3 percent equity stake in the financial services company through an issue of warrants. JM Financial also...Show More Summary
Paul Singer Haggles A Third Hess Board Seat
A promise to seat two of its board candidates after Elliott Management voted for its own five was insulting. A promise to seat three under the same circumstances? That’s a compromise Paul Singer can embrace. Under the terms of the settlement,...Show More Summary
Berkshire Hathaway-Treasuries Equivalence Proves Brief
Warren Buffett bonds are no longer deemed as safe as a T-bills by the sages at Standard & Poor’s. Warren Buffett’s Berkshire Hathaway Inc. had its credit rating cut one notch to double-A by Standard & Poor’s, which cited the conglomerate’s reliance on its insurance operations…. Show More Summary
Layoffs Watch ’13: Credit Suisse (Update)
Cuts are a’ coming at the House Of Dougan. Fewer than 100 employees should be worried about HR asking if they have “a quick sec to chat” in a conference room where crying the crying will be less obvious, but each and every CSFB’er counts. Show More Summary
Jimmy Cayne Emerges From His Smoke-Filled Basement To Defend Jamie Dimon
“’They’re jealous,’” former Bear Stearns CEO Jimmy Cayne says about Dimon’s critics, in a rare interview since JPMorgan bought the foundering investment bank in March 2008. “’They’re looking at themselves as being unfortunate and being...Show More Summary
Is A Topless Bea Arthur About To Grace SAC Capital’s Trading Floor?
As you may have heard, last night at Christie’s, a painting of Bea Arthur entitled “Bea Arthur Topless” was purchased for $1.9 million. Was this buy the latest pick-me-up in Steve Cohen’s quest to make himself feel better about the Feds...Show More Summary
Write-Offs: 01.28.13
$$$ Hedge fund scorecard 2012: Mortgage masters win, Paulson on bottom again [Reuters] $$$ Watchdog Says U.S. Treasury Failed to Curb AIG, GM Pay [Bloomberg] $$$ Buffett Said to Have Expressed Interest in Buying NYSE Euronext [DealBook] $$$...Show More Summary