July 2007

  • Blackstone, Work/Life Balance

    Blackstone Affirms Stance on Ankle Holding

    It is often said that in his early days, the rapid ascent of Steve Schwarzman was attributable to the fact that due to his stature, Schwarzman was able to provide “support” to his superiors without resorting to ankle holding. This worked wonders for his endurance and longevity on most projects, and lessened the long term […]

    / Jul 16, 2007 at 2:41 PM
  • CNBC

    Pour Some Sugar On Me: Street Sweetie Takes Wall Street

    We’ve don’t mind confessing that we have a bit of a crush on Erin Burnett. She’s pretty, scrappy and holds her own every morning against both CNBC’s Mark Haynes and MSNBC’s Joe Scarborough. But we it looks like we’ve got a bit of competition for her these days. After yesterday’s full page spread in the […]

    / Jul 16, 2007 at 2:13 PM
  • Hedge Funds, Paul Tudor Jones

    Sen. Chuck Grassley Will Tell You When and How To Make Charitable Donations, Thank You Very Much

    Thinking of doing something for the good of humanity (and the tax break)? Whatever you do, don’t give your money to the Robin Hood Foundation, that scam of a charity where people like Paul Tudor Jones are outright thieving from the impoverished people of our fair city. How so? Well, half the money in Robin’s […]

    / Jul 16, 2007 at 1:53 PM
  • KPMG, legal

    Case Dismissed! Judge Kaplan Dismisses Charges Against 13 KPMG Defendants

    The federal judge in the tax shelter case against former KPMG executives dismissed the charges against 13 of the defendants. In a 64-page opinion, Judge Lewis Kaplan wrote that he had “reached this conclusion only after pursuing every alternative short of dismissal and only with the greatest reluctance.” A little over a year ago, Kaplan […]

    / Jul 16, 2007 at 1:11 PM
  • Advertisements, Environment

    Good Clean Fun – Green Tech Adverts

    Epuron, a German green tech company, won the Golden Lion for best advertising spot at the International Advertising Festival in Cannes (the Palme d’Or of adverts?). Not to spoil it, here’s the spot, created by Nordpol+ Hamburg (see how early you can catch on before the punchline): Contrast this with the “Say Hey” BP ads, […]

    / Jul 16, 2007 at 12:11 PM
  • Bank of America, Citigroup, JPMorganChase

    Is Bank of America’s Xenophobia Getting In The Way Of Its Earnings?

    It’s Second-Quarter Earnings Results Week (hi-ooo) and Bank of America is poised to disappoint a lot of shareholders as a result of its insistence on doing business almost exclusively in ‘Merica. (Yes, B of A spreads the love in 45 countries but derives only 13% of its revenue from abroad). Analysts estimate that the Bank […]

    / Jul 16, 2007 at 12:00 PM
  • Apple, Consumer Electronics, James Cramer, Wireless Devices

    Can I Touch It? The iPhone, Cliff Mason And Uncle Jumbo

    In the latest video from TheStreet.Com TV, James “Uncle Jumbo” Cramer defends his alleged nephew Cliff Mason’s review of the iPhone. Uncle Jumbo explains that all the talk of the phone being a “babe magnet” was really just Cliff’s way of explaining the buzz around the phone that is driving sales and Apple’s stock price. […]

    / Jul 16, 2007 at 11:42 AM
  • China

    China Puts Wang In Jail

    Chinese officials are imploring investors not to be tempted by the tips of Mr. Wang (like parents of teenage daughters in the Midwest). Wang Xiujie (pictured) was arrested in Changchun (Changchun is often called the Paris of the Jilin province) for giving investment tips on his blog Daitou Dage 777. Daitou Dage 777, which stands […]

    / Jul 16, 2007 at 10:59 AM
  • Bear Stearns

    Just How Desperate Is James Cayne To Win At Something, Anything?

    Forget about the fact that Jimmy Cayne’s had some trouble re: Bear Stearns’s minor subprime hedge fund crisis. Don’t even think about the rise he got out of a few people when it was revealed that Cayne was hitting the links while Bear Stearns High-Grade Structured Credit Strategies Enhanced Leverage Fund lit paper bags full […]

    / Jul 16, 2007 at 9:55 AM
  • M&A

    Will Vodafone Buy Verizon?

    Vodafone considered plans to buy all of Verizon in order to acquire the 65 percent stake in the Verizon Wireless business it does not own, according Alphaville, the Financial Times blog run by Paul Murphy and Neil Hume. According to the plan, Vodafone would pay around $160 billion for Verizon, and then spin off the […]

    / Jul 16, 2007 at 8:54 AM
  • News

    Opening Bell: 7.16.07

    Key Bancroft Aims for a Long Shot (WSJ) Chistopher Bancroft, who is described as a “key” member of the Bancroft clan, is busily attempting to block the deal that would see the Dow Jones go to News Corp. However, we have more respect for him than some of the others, because he’s at least putting […]

    / Jul 16, 2007 at 7:57 AM
  • Write-Offs

    Write-Offs: 07.13.07

    $$$ Accusing Alligator – Dan Loeb [Long or Short Capital] $$$ A Few More Thoughts On Mackey [The Stalwart] $$$ I am intereted in a beautiful relationship, in whatever terms that is defined, with a successful banker or hedge fund ‘type’ man, who possibly works so hard that having a great young woman to splash […]

    / Jul 13, 2007 at 4:46 PM
  • CNBC, Hedge Funds

    Philip Goldstein, Episode III: The Revenge of the Regulators!
    On The Money Smackdown Tonight

    It wasn’t quite the ‘shot heard ‘round the world’ that Ralph Waldo Emerson said set-off the Revolutionary War in Concord, Massachusetts, but Philip Goldstein’s rebellion against hedge fund regulators certainly seems to have caught their attention. And tonight the revolution will be televised. Goldstein, who founded the Bulldog Investors hedge fund, was the money manager […]

    / Jul 13, 2007 at 1:29 PM
  • Apple, Consumer Electronics, James Cramer, Wireless Devices

    The iPhone Is a Wingman, Not a Miracle Worker

    Correction: The purchase of an iPhone did not land Cliff Mason, Jim Cramer’s nephew, his first date. It just got the ladies on the street (dot com) to stand up and take notice when he whipped it out (are you picking up what we’re throwing down? Does anyone else think DealBreaker should close at noon […]

    / Jul 13, 2007 at 1:24 PM
  • M&A

    Playtex Energized by Sale

    Playtex Products (NYSE: PYX) is having an especially heavy flow day, up almost 16% to a new 52-week high after Energizer announced it would acquire the company for $1.2 billion. Energizer has looked to stop the bleeding from its core products with a regular cycle of spotting available consumer product manufacturing targets. Aggressive periodic acquisitions […]

    / Jul 13, 2007 at 1:14 PM
  • Conrad Black

    Conrad Black Found Guilty!

    The federal court jury in Conrad Black has returned with its verdict, finding the media mogul guilty of at least four of the 13 counts he faced for allegedly defrauding shareholders of Hollinger International. The jury deliberated for 11 days, at one point telling the judge that it could not reach a unanimous verdict on […]

    / Jul 13, 2007 at 12:02 PM
  • Islam

    Mo’ Fundamentalism Mo’ Problems

    The silly Great Satan West is at it again, naming institutions after words that sound a little bit like Arabic words. Really holy Arabic words, like the ones used to refer to the traditional biographies of Muhammed. No, the combination of NASD and NYSE regulation was not going to be called, “Spend a Little Time […]

    / Jul 13, 2007 at 12:02 PM
  • Yahoo

    All the Right Moves

    The strict constructionists at Yahoo wanted to make the right acquisition for once, so they went and bought Right Media for $700 million. Right Media is an online advertising exchange that allows web publishers to auction ad space to the highest bidder, collecting a 7% commission in the process. Yahoo feels this will give it […]

    / Jul 13, 2007 at 10:25 AM
  • FaceBook, Google

    Google Will Wait For FaceBook to Make the First Move

    If Mark Zuckerberg wants to know what it’s like to be touched by Sergey Brin and Larry Page (A. Weird at first, then really kind of nice), he’s going to put it out there in no uncertain terms, Brin told DealBook Sun Valley correspondent David Carr yesterday in Sun Valley. “We don’t really look at […]

    / Jul 13, 2007 at 10:02 AM
  • Opening Bell

    Opening Bell: 7.13.07

    Broadcom Options Probe Shifts to Ex-CEO (WSJ) Hey executives, listen up: options backdating is a gateway crime. Take the case of the ex-CEO of Broadcom, who is now being investigated for drug use and spiking drinks of clients (with what!?) along with options stuff. The lawyer for Henry Nicholas is wondering why the government is […]

    / Jul 13, 2007 at 7:47 AM
  • Write-Offs

    Write-Offs: 07.12.07

    $$$ The Patrick Byrne Award for Operational Focus and Excellence: Whole Foods CEO Rahodeb [Long or Short Capital] $$$ Schwarzman Spotting [Banker’s Ball] $$$ Warren Buffett is a freeloader. [CNBC]

    / Jul 12, 2007 at 5:06 PM
  • Apple, Consumer Electronics, James Cramer, Wireless Devices

    Street.com Correspondent Gets First Date As Result of iPhone

    The Street spells it out in simple chapter and verse today: scoring tail is our bottom line, and you can do this, via the iPhone. Who did they enlist to test out this theory? Why it’s “Street Dot Com Staff Writer” Cliff Mason, who they don’t tell you is also Jim Cramer’s nephew. It wasn’t […]

    / Jul 12, 2007 at 4:26 PM
  • Apollo, Private Equity

    Dream A Little Dream: The Apollo IPO

    You are forgiven if you were struck with a sudden rush of déjà vu when the Financial Times reported this morning that Apollo had hired JP Morgan and Goldman Sachs to underwrite its “expected IPO.” After all, this is exactly the story that was reported way back on April 3 by CNBC’s Charlie Gasparino. And […]

    / Jul 12, 2007 at 3:45 PM
  • Dow, Rupert Murdoch

    Judith Regan Has Secret Murdoch Tapes

    Outspoken publisher Judith Regan has the dirt on Rupert Murdoch and “more than a few Fox executives,” the New York Daily News is reporting. Regan, who was fired last year after trying to publish OJ Simpson’s “If I Did It,” claims to have secret tapes of “juicy” and “explosive” phone calls from her time at […]

    / Jul 12, 2007 at 2:18 PM
  • Whole Foods

    Only You Can Stop CEO Internet Addiction!

    For the most part, we stay away from online stock forums. As far as we can tell, the message boards are usually full of yahoos, stock cultists and pump-and-dump scam artists. But, it turns out, there are occasionally more interesting people lurking on the boards—sometimes even the CEOs of public companies. Late yesterday the Wall […]

    / Jul 12, 2007 at 2:03 PM
  • Goldman Sachs, Starts with a 'J' ends with an 'ohn Carney'

    Don’t You Know Who I Work For?

    From the DealBreaker Tips Line: To: tips_dealbreaker Sent: Thursday, July 12, 2007 1:56 PM I’m out at the E3 conference in Santa Monica, and arrive a few minutes late to the big press conference given by Take Two, showing off the new Grand Theft Auto 4. Unfortunately, being late, the door girls refuse to let […]

    / Jul 12, 2007 at 1:59 PM
  • billionaires

    I ain’t saying she a gold digger

    Money Magazine wants you to marry up, which is why it provides you with a primer on how to marry a billionaire in its latest issue. Some helpful tips, setting the women’s movement back a few decades: – Lower your sights: People with a mere 8 figures often end up with 9 – Don’t forget […]

    / Jul 12, 2007 at 1:38 PM
  • China, Goldman Sachs

    How Do You Say ‘Goldman Sachs’ In Chinese? Don’t Ask Goldman

    We’re not saying it’s the height of all arrogance to assume that one’s rank as the “world’s most profitable investment bank” would be enough to displace the fact that a would-be Asian CEO-appointee can barely read or write in Chinese, we’re just saying. Goldman Sachs was told that it could not name Richard Ong chief […]

    / Jul 12, 2007 at 12:51 PM

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