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Opening Bell: 11.04.10

Fed Fires $600 Billion Stimulus Shot (WSJ)
Many outside the Fed, and some inside, see the move as a 'Hail Mary' pass by Fed Chairman Ben Bernanke. He embraced highly unconventional policies during the financial crisis to ward off a financial-system collapse. But a year and a half later, he confronts an economy hobbled by high unemployment, a gridlocked political system and the threat of a Japan-like period of deflation, or a debilitating fall in consumer prices.

Goldman's Pay Pool Shrinks Fastest as Traders' Fortunes Dwindle (Bloomberg)
“We are seeing compensation down from 2009 anywhere from 22 to 27 percent” for traders, said Michael Karp, chief executive officer of recruitment firm Options Group in New York. “

Wall Street Bonuses Will Be Up This Year (NYT)
Bonuses will be up this year, according to a study to be released on Thursday by a Wall Street compensation expert, Alan Johnson. The survey shows that overall compensation in financial services will rise 5 percent this year, with employees in some businesses like asset management getting increases of 15 percent. “I did not expect compensation would come back the way it has,” Mr. Johnson said. “I underestimated the industry’s resiliency.”

Bush Says the Worst Moment of His Presidency Involved Kanye West (Gawker)
Former President George W. Bush told Today anchor Matt Lauer that the "all-time low" of his presidency was when rapper Kanye West said "George Bush doesn't care about black people" on live television.

White House To Business: Can't We Be Friends? (Reuters)
"The perception that the business community and the administration aren't getting along is not productive for either side or for the economy and we see real opportunity for common ground on a number of policies," said Austan Goolsbee, a longtime Obama aide who was recently promoted to become chairman of the White House Council of Economic Advisers...In the meantime, the president will also make a highly visible gesture toward corporate America when he sets off on a 10-day trip to Asia this week. On his first stop in Mumbai, he will address a U.S.-India business summit that will include a delegation of more than 200 U.S. chief executives -- everyone from Boeing Co's Jim McNerney and Honeywell International Inc's David Cote to General Electric Co's Jeffrey Immelt.

China Banking Adviser: US Dollar Printing Huge Risk to World (Reuters)
China must set up a firewall via currency policy and capital controls to cushion itself from external shocks, Xia Bin said in a commentary piece in the Financial News, a Chinese-language newspaper managed by the central bank. "As long as the world exercises no restraint in issuing global currencies such as the dollar -- and this is not easy -- then the occurrence of another crisis is inevitable, as quite a few wise Westerners lament," he said.

NetJets Buys Marquis Jet (WSJ)
Financial details of the deal weren't disclosed. Under the agreement, Marquis Jet is now a wholly owned subsidiary of NetJets.

Authorities discover 30 tons of marijuana, border tunnel (CNN)
U.S. authorities have discovered about 30 tons of marijuana that were part of a smuggling operation using a tunnel under the California-Mexico border, officials said Wednesday. The 600-yard tunnel -- which features a rail system, lighting and ventilation -- connects a warehouse in Tijuana with one in the Otay Mesa industrial area of San Diego.

KKR Attracting $2.5 Billion May Signal Buyout Fundraising Thaw (Bloomberg)
Investors have committed $700 million to a fund focused on China that has a target of $1 billion, KKR said yesterday on a conference call. It has won commitments for infrastructure pools, mezzanine lending and credit deals, and may pitch its first large buyout fund since 2006 early next year.

Morgan Stanley May Wait On Smith Barney (WSJ)
Morgan Stanley could use some wiggle room to help meet looming capital requirements. One option: delaying parts of the Morgan Stanley Smith Barney takeover from co-owner Citigroup, which would leave billions of dollars in the securities firm's pocket.

Reprieve For Wall Street Is Expected To Be Limited (WSJ)
"The chances of significant changes to Dodd-Frank are very, very low," said Brian Gardner, an analyst at investment-banking firm Keefe Bruyette & Woods Inc., a unit of KBW Inc.

'Superheroes' arrested in parking garage fight (Greenwich Time)
The assailant was charged with third-degree assault for a fight Saturday night during which he wore a Captain America costume.


Opening Bell: 3.15.16

Ex-Sequoia partner says sex-abuse suit is extortion; Blacktstone near deal to sell hotel portfolio; 'Unknown animal' measuring 13 feet long baffles authorities on Mexican beach; and more.

Opening Bell: 1.13.16

Everyone (in DC) (supposedly) hates Wall Street; BofA economist says chill; "Cops: Woman Battered Fiancee Over Ring Regift"; and more.

Opening Bell: 8.31.15

El-Erian says look to jobs report; Senators looking at hedge fund bets on lawsuits; Banker says he spends as many as three days a week on the golf course with boss's blessing; "Mexican Man Says 19-Inch Penis Is Destroying His Life"; and more.