Write-Offs

Write-Offs: 10.21.14

$$$ Allergan CEO led smear campaign against Valeant: Ackman [NYP]

$$$ Third Point Q3 2014 Investor Letter [PDF]

$$$ Hedge Fund Chief Jones Sees U.S. Stocks Beating Globe for Rest of 2014 [Bloomberg]

$$$ Zuckerberg Seeks a Pound of Flesh From Lawyers Who Sued Facebook [BusinessWeek]

$$$ Lawton police said Kristi Rhines ordered food and several alcoholic drinks Friday at El Chico and later told workers she didn’t have any money, but her husband would soon arrive to pay her tab. Rhines soon clarified her husband was Jesus Christ, but she admitted the union was not solidified with a marriage license. The woman, who managers said insisted the Christian savior would soon be arriving to pay in cash, was arrested on a fraud charge when police arrived and determined she had no means of paying the bill. [UPI] Read more »

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Write-Offs: 10.20.14

$$$ Federal Reserve Bank of New York President William Dudley said the government will have to consider breaking up large financial institutions if Wall Street doesn’t stop excessive risk-taking and breaking the law. Mr. Dudley, in a speech sharply critical of bank behavior, also suggested top management bear the financial brunt of regulatory fines levied for wrongdoing. [WSJ]

$$$ Wall Street Wants Government Group On Cyber Security [FT]

$$$ Former Pimco Parent Pacific Life Moves Accounts to Janus [Bloomberg]

$$$ Chanos: Petrobras is a ‘scheme, not a stock’ [BloombergTV]

$$$ The case of the missing Count Chocula cereal boxes was solved Friday, when a craft brewer admitted to buying them to brew in a small-batch beer. Black Bottle Brewery in Fort Collins bought two Albertsons’ inventories of the iconic chocolate and marshmallow-bit cereal, puzzling at least one shopper in the process. “Every year I greatly look forward to the month of October when I can purchase a few boxes of this delicious chococlatey (sic) goodness,” Kristen Clark wrote in a letter to the Coloradoan. Clark is a “vegetarian and organic food eater for the most part,” but said she makes an exception once a year at Halloween for the 43-year-old General Mills cereal. Every year, that is, until this year. [Coloradoan] Read more »

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Write-Offs: 10.17.14

$$$ Morgan Stanley’s Profit Climbs 89% [WSJ]

$$$ Party Planner CEO Now Promising One Hour Delivery of Liquor [ValleyWag]

$$$ Mark Cuban Says He’s Buying Netflix Stock, Sees Takeover [Bloomberg]

$$$ Greek Exit Plan Lacks Backing From Economists [Bloomberg]

$$$ A Dover man who underwent a colonoscopy awoke after the procedure to find he was wearing pink women’s underwear, according to a lawsuit. [DO] Read more »

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Write-Offs: 10.15.14

$$$ Gut Punch Bruises Hedge Funds [WSJ]

$$$ Hedge funds face worst year since 2011 [FT]

$$$ Yellen Said to Voice Confidence in U.S. Economic Expansion [Bloomberg]

$$$ India’s Smart Money Embraces Social Media as Tweets Move Markets [Bloomberg]

$$$ DWI Suspect Bribes Cops With Mountain Dew: Police [HP] Read more »

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Write-Offs: 10.14.14

$$$ Citigroup Mexican Unit Said to Have Committed Decade-Long Fraud [Bloomberg]

$$$ Pimco chief Ivascyn says final investment calls rest with him [Reuters]

$$$ Wells Fargo profit rises 1.7 percent as mortgage business steadies [Reuters]

$$$ Wilbur Ross Said to Seek Up to $2 Billion for Next Fund [BusinessWeek]

$$$ When John Thornton visited the Double Tree Hotel in Bristol, Connecticut, on Monday night, he apparently did not like the mop job being done by a female employee. So he allegedly grabbed the mop from the woman and began, in the words of the police report, “mopping aggressively.” As a result, the Double Tree got a clean floor and Thornton was charged with breach of peace, according to Connecticut Patch. [HP] Read more »

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Write-Offs: 10.13.14

$$$Blankfein’s crotch explodes $100 bills in public” [Marni Halasa / earlier]

$$$ Morgan Stanley’s Pitch to Young Talent: We’re Not Like Those Other Banks [BusinessWeek]

$$$ Dutch Police Arrest Drivers Using Uber App in Amsterdam [Bloomberg]

$$$This is a brilliant crisis management move. It keeps people sticky. It shows good faith and just squashes so many (anti-Wall Street) evangelists.” [NetNet]

$$$ Bill O’Reilly Falafel Lawsuit Turns Ten [TSG] Read more »

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Write-Offs: 10.10.14

$$$ A Wells Fargo employee asked the CEO for a raise — and cc’d 200,000 coworkers [WaPo]

$$$ Pimco’s assets under management drop five percent in third quarter [Reuters]

$$$ SEC delays decision on SAC fund for burned investors [NYP]

$$$ On his second day of testimony in federal court, Mr. Bernanke maintained that officials sought to save AIG. “The company was on the brink of default, and our intervention would spare it the discipline of the market,” Mr. Bernanke said. [WSJ]

$$$ World’s Most Expensive Burger Is Only $1,768 [HP] Read more »

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