Results tagged “Rumors” from Dealbreaker

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Bank Of America Cancels Christmas?

Or just Christmas for legacy Merrill employees? We just received the following tip: No Christmas parties this year for ML offices....

Charlie Gasparino Knows If Lloyd Blankfein Were Ever Mad At Him It Must've Been For A Good Reason

So! As previously mentioned, Andrew Ross Sorkin writes in his new book that at one point last September, Lloyd Blankfein was so "disgusted with what he believed was CNBC's Charlie Gasparino's 'rumor-mongering'" that he turned the TV off in his...

Totally Unfounded Rumors: Midday Ratings Summary

As you may know, there might actually be consequences to spreading totally unfounded rumors about firms that may or may not actually be experiencing some level of financial difficulty. How are you the reader expected to know which rumors are...

Swiss Bank Taking Threat Of Jail Time Seriously

UBS apparently had a compliance "teach-in" about speculation/rumor spreading with its brokers Tuesday afternoon. Whether the meeting was held as a preventative measure or more of a "How To" tutorial is unclear. Have you been forced to take these classes?...

Reuters Says No Sprint Acquisition In The Works

Reuters is pouring cold water all over the story that SK Telecom, the Korean telecom company, and Sprint Nextel are in acquisition talks. Instead, any talks are about a technology collaboration. Reuters sources their story to "a person familiar with...

Lehman Going Private Rumors Circulate

Could Lehman Brothers go private? There's been lots of speculation that Lehman Brothers could be a takeover target, although its been hard to find plausible buyers in teh wasteland of Wall Street. (So hard, in fact, some have wondered if...

Admit Nothing!

Sue Herera, Dennis Kneale: Are we fueling the fire [by talking about the companies that are next likely to fail]? Steve Liesman: No, we need to talk about this....

PIMCO's Bill Gross: The Fed Will Keep Lehman Afloat

Bill Gross just appeared on CNBC to crush the rumor that Pimco was diminishing its exposure to Lehman Brothers either by reducing its trading positions with Lehman or reducing any investment in Lehman. In his comments he said that Pimco's...

The Information War: The Deal Editor Versus New York Times Wonder Boy

Andrew Ross Sorkin's call for a regulatory crack down on those spreading rumors was probably a big hit in the corner offices of Wall Street firms. But it's getting a much frostier reception from some of his fellow scribes. Earlier...

Lehman Brothers, Battered By Rumors, Starts Recovering

The action in Lehman Brothers is more evidence about how unsteady markets are these days. Shares of Lehman Brothers fell nearly 10 percent early this morning. The rumor spread that the bank would make an announcement this morning, and many...

Goldman Sachs: Layoffs, Rumors, Retirements and A Controversial Promotion

Here's a fun one: at the end of January it was reported that Goldman would be cutting 5% of its global workforce, because (pick one) a. These bottoms weren't living up to the Goldmany Goldman standard b. As it turns...