May 2007

  • billionaires, Donald Trump, Yahoo

    8 Simple Contest Rules for Executive Meeting My Daughter

    It turns out you don’t have to be a real estate billionaire’s offspring to get a sense of Ivanka Trump’s huge (and artificial?) tracts of land. Jared Kushner, fellow member of the “Daddy’s a Real Estate Billionaire” club and vaguely heterosexual courter of Ivanka, succumbed to Yahoo’s Indecent Proposal and is letting the winner of […]

    / May 29, 2007 at 12:08 PM
  • Hewlett-Packard, Pretexting

    Hewlett-Packard: Spying, Spying and More Spying

    Hewlett-Packard wants to be the tech-company of the future and, unfortunately, that goal may be coming a reality in a way they never planned. Instead of becoming a shining star of new technologies, the company has been plagued by an association with a darker kind of future—a sort of Max Headroom, Robocop-style dystopian future where […]

    / May 29, 2007 at 11:40 AM
  • JPMorganChase, NASDAQ

    JPMorgan ready to make peace in the exchange consolidation game

    JPMorgan is ready to love again after leaving Nasdaq when the US exchange suffered some anger management issues in its hostile bid for the London Stock Exchange last March. JPMorgan and Nasdaq are back together harassing foreign exchanges – trying to make the Scandinavian OMX dance for $3.7bn. Morgan Stanley, Credit Suisse and Swedish firm […]

    / May 29, 2007 at 11:01 AM
  • James Cramer

    Jim Cramer By The Numbers

    Nice article in New York today by Jim Cramer about Jim Cramer. In it, he asks the question “Why does everybody hate me?” and then proceeds to answer it, with supporting statements and quotes by him. He also explains why he’s famous (fearlessness! And because he’s the only one who knows how the markets work) […]

    / May 29, 2007 at 10:39 AM
  • China

    Breaking News: People Buying Stocks in China

    Over 300k people are opening brokerage accounts every day in China and driving the most recent market surge, pushing Shanghai’s CSI 300 past the 4,000 mark. The index has quadrupled since 2006 and doubled since the start of this year, although Greenspan is wary of the bubble buzz, and warned of a possible dramatic correction […]

    / May 29, 2007 at 10:23 AM
  • Analysts, Banks, Lehman, Private Equity

    When The Greener Pastures Are Paved With Private Equity Greenbacks

    It’s hard to throw a stone on Wall Street without hitting a senior investment banker who thinks the new kids these days are too much money. Just two weeks ago we saw John Whitehead, who was one of Goldman Sach’s co-heads exactly one billion years ago, griping about that he was “appalled at the salaries” […]

    / May 29, 2007 at 8:59 AM
  • Opening Bell

    Opening Bell: 5.29.07

    Editor’s note: Joe is still memorializing (at least for a week), so the remaining DB staff will be filling his role this week. Welcome back to work (as dreary as that sounds)! NBC Programming Chief Kevin Reilly to Leave as Ratings Slide [Wall Street Journal] NBC is experiencing a sunset of sorts, stripping executives from […]

    / May 29, 2007 at 8:39 AM
  • Write-Offs

    Write-Offs: 05.25.07

    We’ll be keeping it real with trader Andrew through the holiday. Everyone regroup here Tuesday morning for some Goldman Sachs, Third Point, and what promises to be another great story about Dow Jones. Make good choices. Dealbreaker out. $$$ The Plight of the Rich: No Lobsters, No Ferraris, No Butlers, No Oceanfront [Curbed] $$$ That […]

    / May 25, 2007 at 2:25 PM
  • AOL, Time, Inc

    Over $100bn in goodwill write-downs means never having to say you’re sorry

    Or does it? Steve Case keeps apologizing for the whole AOL/Time Waner debacle, this time in a graudation speech at the Ross School of Business at the University of Michigan in Ann Arbor (watch here). Contrast that speech with this blast from the past (just look at the movies that are “Now Playing” in the […]

    / May 25, 2007 at 1:30 PM
  • Apple, Steve Jobs

    AAPL Looking To Crack Above $115

    Things that had no effect on Apple’s share price: Jobs’s backdating, the iPhone-Engadget blooper, Portnoy fucking (an) Apple.

    / May 25, 2007 at 1:25 PM
  • Tim Sykes

    Caption Contest Friday: Our Market Closes At 2

    What is Tim Sykes saying to the camera?

    / May 25, 2007 at 12:33 PM
  • Goldman Sachs

    No Room At Goldman’s Inn?

    Breaking Views reports that, despite robust markets, boom in mergers/buyouts and astronomical investment-banking earnings in the first quarter, Goldman Sachs has begun a hiring “pause.” What does this mean for everyone else? Well, given Goldman’s position in the pecking order of things, and the tendency of humans to be sheep, that others will likely follow. […]

    / May 25, 2007 at 11:55 AM
  • IBM

    IBM does not support our troops

    Just when you thought IBM’s strain of red, white, and at least Blue ran a little Deeper, the company refuses to give the brave men and women who fight overseas a chance to succeed in corporate America. IBM faces a $5mm lawsuit for firing Vietnam War veteran James Pacenza for treating his post-traumatic stress disorder. […]

    / May 25, 2007 at 11:50 AM
  • HSBC, Subprime Mortgages

    HSBC Shows Good Start To 2007, Promises To Not Subprime Things Up Again Any Time Soon

    HSBC said today that thanks to a strong showing in Asia, and its commitment to fixing that small $600 million pickle it got itself into, things are looking pretty okay. Chief Executive Michael Geoghegan gave a somewhat convincing speech to shareholders this morning: Some commentators have asked, ‘Should we be in this business?’ We paid […]

    / May 25, 2007 at 11:31 AM
  • Life Work Balance

    It’s not an IB analyst!

    The Guinness world record for sleep deprivation has been broken and to the complete shock of anyone who’s worked in IB, the record breaker is not an analyst. Some random guy from Cornwall (Tony Wright) managed to stay awake for 11 days and nights. His recount, from the BBC: During the record attempt, Mr Wright […]

    / May 25, 2007 at 10:31 AM
  • Hedge Funds

    As Serious As Cancer

    How do you trick a bunch of hedge fund managers into taking time out of their busy days (/nights) to care about children with cancer? Offer them the promise of tips on how they can make more money (and get a red wine stain out of a white shirt). At the 12th annual Ira W. […]

    / May 25, 2007 at 9:45 AM
  • China

    The SARS is bananas, B-A-N-A-N-A-S

    A rumor that bananas carry viruses similar to SARS initially spread by text messages is causing a drastic price slump in the Hainan region of China, costing local banana producers over $2.6mm a day. China’s Agricultural Ministry claims that bananas do not carry SARS, and that the malady is instead only caused by the practice […]

    / May 25, 2007 at 9:29 AM
  • Opening Bell

    Opening Bell: 5.25.07

    OMX shares surge on Nasdaq takeover offer; analysts broadly positive (Forbes) The stock exchange mating dance has resulted in yet another hook-up as the NASDAQ will purchase Nordic stock exchange OMX for $3.7 billion. The cash and stock deal gives OMX shareholders a handsome 19% premium over its last closing price. Generally analysts were positive […]

    / May 25, 2007 at 7:48 AM

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