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Raj Rajaratnam Jury Still Listening To Wiretaps

swag — Tue, 10 May 2011 01:17:45 +0000

We’re into Week 3 of deliberations on the insider trading case, with jurors asking to play conversations between Raj and his former friends/sources of what may or may not have been material non-public information, in addition to a phone call between Raj and his little brother, who could not match big bro’s skills in (ALLEGED) insider trading and lady slaying, though he tried his hardest. [Reuters, WSJ]

Article courtesy of Dealbreaker

Write-Offs: 03.14.11

scott — Tue, 15 Mar 2011 07:00:37 +0000

$$$ Japan scrambles after third blast at nuclear plant‎ [SMH]

$$$ Before Mr. Rajaratnam and Ms. Chiesi hung up, she says, “Love you.” [WSJ]

$$$ Prosecutors Seek 10-Year Term in Goldman Code Case‎ [WSJ]

$$$ Nikkei 225 Set for Worst Two-Day Slump Since 2008 [Bloomberg]

$$$ Hedge Funds Had Bets Against Japan [WSJ]

$$$ Nasdaq Is Close to Making Hostile Bid for NYSE [CNBC]

$$$ Aflac searches for new duck [Dealbook]

Article courtesy of Dealbreaker

Prince Alwaleed: Day Of Rage Was No Big Deal

admin — Sat, 12 Mar 2011 05:03:40 +0000

It was nothing. It was “a tempest in a teacup.” Not that many people even showed up and if you want his opinion? It should actually be called Day of Allegiance, to the Saudi King. [CNBC, WSJ]

Article courtesy of Dealbreaker

Write-Offs: 02.07.11

scott — Tue, 08 Feb 2011 07:45:01 +0000

$$$ Deutsche Bank CEO’s Remark Backfires [WSJ]

$$$ California man killed by armed bird at cockfight [SFG]

$$$ Regulators seek to foil moves to undermine pay reform [Reuters]

$$$ Macquarie Cuts Profit Outlook on Subdued Stock Market [Bloomberg]

$$$ Do business breakfasts work for you? [Guardian]

Article courtesy of Dealbreaker

Ben Bernanke: The Fed Has No ‘Secret Financial Dealings’

admin — Fri, 04 Feb 2011 02:20:41 +0000

The Fed is wide open, okay? Now, if you wanna talk about these “audits” of monetary policy some people in Congress are calling for? That would have “a very bad outcome.” [Bernanke At The National Press Club;WSJ]

Article courtesy of Dealbreaker

Lynn Tilton’s Elixir Of Choice

scott — Wed, 12 Jan 2011 01:54:10 +0000

“Tilton sleeps only a few hours a night and often stays up late reading science fiction. She sips a homemade concoction of clay, salt and chlorophyll.” [WSJ]

Article courtesy of Dealbreaker

Morgan Stanley To Spin Out Prop Trading Unit By End Of Next Year

scott — Tue, 11 Jan 2011 03:00:41 +0000

The division, called Process Driven Trading and run by (part-time musician) Peter Muller, has generated about $4 billion in profits in the 10 years through 2006. It will be renamed PDT Advisors, run by Muller, allow Morgan Stanley to retain a stake in the new venture and take about 60 MS employees along for the ride. [WSJ]

Article courtesy of Dealbreaker

Write-Offs: 12.31.10

admin — Sat, 01 Jan 2011 05:20:18 +0000

$$$ To Heal The Hangover, Skip The Coffee And Hit The Gym [Bloomberg]

$$$ Goldman Looks Set For Win In M&A [Reuters]

$$$ Gold Gains Nearly 30% In 2010 [WSJ]

$$$ That’s it for us today. Regular posting will resume on Monday- have a HAPPY NEW YEAR and see you in 2011!

$$$ Estonia Prepares To Adopt The Euro [WSJ]

$$$ Twins’ Facebook Fight Rages On [NYT]

Article courtesy of Dealbreaker

Tim Geithner: Tax-Cut Deal Isn’t “Rocket Science”

admin — Wed, 17 Nov 2010 01:26:46 +0000

Especially if no one pays any taxes, period. See? Simple.

Geithner Sees Tax-Cut Deal This Year [WSJ]

Article courtesy of Dealbreaker

Comverse CFO Resigns

admin — Wed, 13 Oct 2010 02:11:55 +0000

Comverse Technology (CMVT.PK) disclosed in an SEC filing that CFO Stephen Swad has resigned. The company named Joel Legon, now chief accounting officer, as interim CFO.
Comverse provided no explanation for Swad’s departure.
In trading on the pink sheets, Comverse is down 7 cents, or 1%, to $7.08.
Late last month, the WSJ [...]

Article courtesy of BARRONS.com: Tech Trader Daily