Write-Offs: 01.16.13

Author:: Dealbreaker
Updated:: Jan 14, 2019
Original:: Jan 16, 2013

$$$Icahn Takes Herbalife Stake [WSJ]

$$$ Best and worst Ira Sohn Conference picks include THC (+65%), France CDS (-57%) [FTAV]

$$$How banking can ruin your body and mind [EFC]

$$$ "I wonder what the Art Collector thinks, late at night, as he ignores the phone calls from his lawyers, stops calculating the probability of prison, and surveys what $700 million has bought him. Maybe he is a boob and sees in Pollock’s swirls nothing more than a mirror of his own wealth. Maybe he has become infatuated with the scale of his consumption: the goal has shifted from acquiring individual works to assembling a mountain of art. If you are not managing more money, you are managing less." [n +1]

$$$Sorry again for the continuing technical difficulties; we're all hoping that we'll be back online tomorrow. Thanks for your patience!

$$$ "Corporate treasurers at companies like Google are being forced by the Federal Reserve's low-rate policy to invest in ever-riskier credit products, including longer-dated investment-grade bonds, junk bonds and leveraged loans ..." [Reuters]

$$$U.S. Picks Citigroup, JPMorgan to Manage GM Shares Sale [Bloomberg]

$$$Should We Have to Work Until 70? These CEOs Say Yes [CNBC]

$$$Man accused of killing grandma with fake tusk claims she was planning voodoo hit on him [NYP]

$$$ "A plan to give carbon credits for slaughtering camels, curbing emissions coming from their flatulence, was rejected by an Australian government committee." [Bloomberg]

$$$ Fed Seen Starting QE3 While Extending Rate Pledge to 2015 [Bloomberg] $$$ There's a new iPhone [NYT] $$$ EADS and BAE in tie-up talks [FT] $$$ Investors Ready for Wave of European Corporate Bonds [WSJ] $$$ Valiant Capital founder Chris Hansen is offering to buy a beer for everyone in Seattle [AR] $$$ JFK airport workers were arrested for stealing "tens of thousands of mini-bottles of liquor and duty-free merchandise from JFK International Airport" after an investigation called "Operation Last Call" [Fox] $$$ BlackRock's Beta Strategies team is looking for a portfolio manager [DBCC] $$$ J.P. Morgan Reorganizes Investment Banking [WSJ] $$$ Barclays Picks New Head of U.S. Rates Trading [WSJ] $$$ From Credit Suisse to Jerky: One Man's Dried Beef Odyssey [BW] $$$ Everyone involved in the Harvard cheating scandal is suing everybody else [IvyGate] $$$ "Police in Florida said a man using a credit card to buy beer was arrested after the bartender recognized the credit card as his own." [UPI]

$$$ ECB Seen Favoring Bond Buying Over Bank Loans [Bloomberg] $$$ Swiss overhaul unsettles asset managers [FT] $$$ Homeowners give boost to US banks [FT] $$$ Treasury: Taxpayers Likely to Profit From Financial Rescue Programs [WSJ] $$$ Independent traders staged a walkout in one of CME Group Inc.'s CME busiest interest-rate futures pits, protesting a large, privately negotiated trade a day earlier that they claimed was unfair. The action by several dozen floor traders, which lasted about an hour, made prices harder to come by for some contracts used by banks and hedge funds to protect against shifts in some interest rates and threatened to deplete volumes in the market. ... Thursday's trade "was sort of the straw that broke the camel's back" for the protesters, said David Stein, an independent trader who was standing outside the pit Friday and who helped organize the protest. Mr. Stein said allowing privately negotiated block trades was "anticompetitive" and "un-American." [WSJ] $$$ A broker-dealer is looking for someone to trade equities in Dallas [DBCC] $$$ Obama likely paid higher tax rate than Romney in 2011 [Reuters] $$$ "The Securities and Exchange Commission is reviewing a proposal to create the first diamond-backed exchange-traded fund." [NYT] $$$ Facebook Acquires Mobile Marketer Tagtile [CNBC] $$$ Analysts Worry Gucci Will ‘Underperform’ Luxury Peers as PPR’s Stock Falls [Fashionista] $$$ Bloomberg unveils Muppets as NYC ambassadors [AP] $$$ “Hardcore Porn” Mistakenly Interrupts “Good Morning America” Broadcast In Two Towns [The JaneDough]