Write-Offs: 05.15.13

Author:
Publish date:

$$$Benmosche: AIG 'Going Back to Our Roots' [CNBC]

$$$SocGen’s Rosbank CEO Detained in $1.5 Million Bribery Sting [Bloomberg]

$$$Euro Zone Recovery Remains Elusive [WSJ]

$$$ "A 54-foot tall, bright yellow inflatable duck floating in Victoria Harbor has ignited a frenzy in the city, attracting hundreds of thousands of visitors and spawning a wave of duck-related products and dishes, occasionally served with the famous visitor's feathered brethren...In a recent legislative session, politician Lau Wong-fat cited the duck and the "limitless amounts of joy" it had brought to Hong Kong, as well as the salutary effect the duck had had on local businesses. "Has the government tried to consider why the big duck has swept the city in such a fashion?" he asked the city's leader, Leung Chun-ying. Merchants have embraced the duck. The Marco Polo Hotel is offering a Giant Yellow Rubber Duck package, which it says includes rooms with "breathtaking" duck views, a complimentary rubber duck toy (while supplies last) and a late checkout for $300 a night." [WSJ]

$$$Swedish Man Dies After Having Sex With Hornet’s Nest [IBT]

$$$Tiger Global, Appaloosa Cut Apple Stakes [Bloomberg]

$$$Swiss National Bank investigating whether Bloomberg accessed user data [Reuters]

$$$3 arrested in drug, prostitution sting at Englewood senior citizen housing complex [The Record]

Related

Write-Offs: 10.18.12

$$$ Google Shares Fall on Premature Earnings [WSJ] $$$ Google and the send button ... [footnoted] $$$ "To be fair, we released our earnings yesterday afternoon on Google Plus." [@PendingLarry via Deal Journal] $$$ Smallest Stock Traders Hardest Hit as Commissions Decline [Bloomberg] $$$ Blackstone Swings to Profit of $622 Million in 3rd Quarter [DealBook] $$$ "Americans who say they work 75 hours a week tend to be exaggerating by 25 hours." [Qz] $$$ BlackRock is looking for a Sales Training Program Manager for their iShares division in San Francisco [DBCC] $$$ Sprint Nextel assumes majority stake in Clearwire [Reuters] $$$ In Insider Trading Case, Drawing In David Ganek [DealBook] $$$ Ex-GE Bankers Jailed in Rigged Muni Bond Case [CNBC] $$$ William Cohan on Greg Smith: "He conned Grand Central Publishing, which paid him a reported $1.5 million for his 'tell-all' book about how the culture at Goldman Sachs had deteriorated during his 12-year tenure into something he no longer recognized, when really Goldman has always been a stinging scorpion. (Disclosure: my wife is the editor-in-chief of Grand Central Publishing, although she had nothing to do with editing Smith's book, and neither of us has read it.)" [Bloomberg] $$$ Republicans Pulling Money Out of Soup Kitchen Where Paul Ryan Pretended to Wash Dishes [DI]

Write-Offs: 11.08.12

$$$ Greek Aid Payment Call Won’t Be Made Next Week, EU Official Says [Bloomberg] $$$ Dexia Gets a New Bailout [DealBook] $$$ Obama Victory Leads Wealthy to Make Quick Pre-2013 Moves [Bloomberg] $$$ "The ECB is playing a more complicated game than old fashioned 'loose money to counteract downturns, tight money to counteract inflation' monetary policy. And you have to ask yourself: Is it working? Has this delivered prosperity?" [Slate / Matt Yglesias] $$$ The guy who was going to fire all of his employees if Obama got elected, gave them a 5% raise [BBW] $$$ Priceline.com Impulsively Buys Kayak During Mini Existential Crisis [VF] $$$ JPMorgan is looking for a high-net-worth banker in Chicago [DBCC] $$$ JPMorgan Cleared for $3 Billion Stock Buyback [DealBook] $$$ Libor rates cull proposed for April [FT] $$$ Consulting Firm That Once Advised Gadhafi Enters Chapter 11 [WSJ] $$$ Here you will find a review of Atlas Shrugged [The Awl] $$$ "As he wended his way toward proposing an April trial date for Christopher's claims and Tory's counterclaims, Strine reflected on the (in his view) unwarranted popularity of 'duck boots,' the mysterious utility of the Topsiders his son just bought and the strangely bright colors of WASP-preferred styles." [Reuters] $$$ "'Paying bills,' Mr. Adelson said on Tuesday night when asked by a Norwegian reporter how he thought his donations had been spent. 'That’s how you spend money. Either that or become a Jewish husband — you spend a lot of money.'" [DI]

Write-Offs: 06.29.12

$$$ Markets Cheer Europe Plan, Await Details [WSJ] $$$ Merkel Secures Vote for Euro Treaties [Der Spiegel] $$$ Icahn Takes Aim at Forest Lab’s Succession Plan [DealBook] $$$ Area man has no name, big idea: don't let poor people vote [NetNet / John Carney] $$$ [Mike Tyson] raised a few eyebrows when he tweeted: "Holyfield's ear would've been much better with his new BBQ sauce." Holyfield had used the social media forum to promote his new Real Deal BBQ Sauce on Twitter earlier in the day. "My realdealbbqsauce.com will make you take a bite out of someone's ear! Ask Mike Tyson – Luv ya bro!" [NYDN] $$$ Citi's alternative asset management platform Citi Capital Advisors is looking for an associate-level research analyst for its event-driven fund [DBCC] $$$ Counterparties feel effect of bank downgrades [FT] $$$ AB InBev, Modelo in $20.1 Billion Deal [WSJ] $$$ RIM’s Plunge Adds Pressure To ‘Sell, Break Up Or Die’ [Bloomberg] $$$ Gary Maggetti, general manager of food and beverage at [Disney theme park] California Adventure, says the chili cones are part of an effort by the world’s largest theme park operator to create dining options as special as its rides. Consumers, he says, are looking for “signature items that create unique food memories.” [BW]

Write-Offs: 06.08.12

$$$ Europe Considers a Spanish Bank Rescue [Bloomberg] $$$ S&P says U.S. to avoid "fiscal cliff", risks remain [Reuters] $$$ "The fact is that if UBS ended up losing anywhere close to $350 million on Facebook stock, it has no business being in the equity capital markets at all." [Felix Salmon] $$$ Groupon is Now Giving Groupons ... for Groupon [NYO] $$$ Who cheats more, bankers or politicians? Disappointingly, bankers, according to a survey conducted in bars [Wonkblog] $$$ John Carney takes the pulse of Wall Streeters "waiting for a fourth martini at a once-fashionable midtown bar," "at a tavern along a cobble-stoned street in the financial district," "[a]t Stone Rose in the Time Warner center" and "having a drink with a colleague at Emmett O’Lunney’s" [NetNet] $$$ Are you a credit risk specialist? Any interest in analyzing credit risk for the National Rural Utilities Cooperative Finance Corporation in Dulles, VA? [DBCC] $$$ Citi Won't Request Stock Buyback This Year [WSJ] $$$ Gupta ‘Highly Likely’ to Take the Stand, Lawyer Says [WSJ Law Blog] $$$ After reading a passage about the prospect of Goldman buying a bank, Mr. Naftalis asked the chief executive if he had read the portion correctly. “Yes,” replied a smiling Mr. Blankfein, who glanced from the jury to the judge. “You read it well.” Judge Jed Rakoff, prone to making jokes during trial himself, belted out a laugh, and the courtroom followed. [DealBook] $$$ This year’s Nathan’s Hot Dog Eating Contest is expected to be even more heated than usual now that ESPN, which televises the July 4 competition, has pushed the start time later to accommodate the sports network’s first-ever coverage of Wimbledon. ... Major League Eating president George Shea said he expects the later 3 p.m. start time to also drive up ratings for the glutton-fest, which attracted 1.9 million live viewers last year. But he admits the mid-afternoon heat “should make it much more difficult” for the dog devourers to break Joey Chestnut’s 2009 world record of 68 hot dogs and buns in 10 minutes. “Heat causes the buns to crisp up more and the dogs to expand, making a run at the record nearly impossible,” said professional eater and perennial Nathan’s contestant Jason “Crazy Legs” Conti. [NYP] $$$ Vampire High Priest Loses Religious Civil Rights Case [ATL]