In the event you haven't noticed, Wall Street is (according to New York Magazine, at least) having a rough go of it! If you're one of the women of New York City who are 'into' Wall Street men and the wealth of character/fiscal riches they have to offer, one expert says you can make life easier on them when you try to pick them up. By being "easy." Also, sexy. That too. Read More
The U.S. Attorney and Postal Inspection Service announced Tuesday that Eric Stein, age 53, had been arrested and charged "with running an investment scam through Return-A-Pet LLC--a Manhattan-based company he operated..." Authorities who investigated Stein's business say he may have lined his pockets with up to a half-million dollars over the last 3 years by hoodwinking consumers into buying "sham Return-A-Pet distributorships using false and misleading advertisements."
This is familiar territory for Eric Stein. Read More
"THIS IS NOT SOME OPINION! This is a mathematical fact!" In a now-infamous Despite viewing Mr. Bloomberg as a mentor, Mr. Ratigan took issue with the mayor's handling of the Occupy Wall Street protests, which Mr. Ratigan supported and It's another reason he doesn't necessarily consider himself a journalist. "I'm an advocate who hosts a Read More
Kweku Adoboli—the rogue UBS trader who worked his way up from a London back-office desk to produce the seventh-largest trading loss in history, $2B—became one of the most notorious names in Financial screw-ups overnight! He's since spend time hoping for a miracle on Facebook, but what does his Twitter account teach us? Read More
Citigroup Chairman Richard Parsons believes his firm is too "interwoven" with the fabric of the global financial system to be allowed to fail. But more frightening, perhaps, than the prospect of a behemoth institution bringing down the global system, is the devil-worshiping fervor expressed by critics of government bailouts. Witness this snippet from today's Read More
Financial news cable network CNBC has not yet concluded its campaign to educate its viewers about marijuana. The self-proclaimed premier global business channel today announced that "Marijuana USA" is set to debut on Wednesday evening at 9 p.m. Eastern. From the press release:
On the case is Trish Regan, the CNBC reporter whose book, Joint Ventures: Read More
Sam Zell, owner of the Tribune Co., said yesterday that he plans to exit the company once it emerges from bankruptcy.
The announcement, made last night during an interview with CNBC, is not exactly a surprise. In the last two months, a series of scandals have led to the departures of chief innovation officer Lee Read More
Bloomberg TV is running a new biopic series called Game Changers, a sort of "Behind the Music" for business types intended to compete with CNBC's late night specials on the business of porn, drugs and the mob.
The series will feature pseudo-controversial stars like Jay-Z, but seems to mostly focus on traditional Bloomberg tech types. Read More
Self-described premier global business TV channel CNBC today announced that it would be airing a documentary about Goldman Sachs on Wednesday, Oct. 6 at 9 p.m. It's called "Goldman Sachs: Power and Peril."
CNBC says the hour-long special, hosted by David Faber, will probe Goldman's "tightly knit corporate culture of extraordinarily driven professionals." For some Read More
Fresh off a very enjoyable launch party for his new NetNet blog on CNBC's Web site--where, incidentally, Felix Salmon could be seen chatting happily with Herb Greenberg, the hedge fund manager Jim Chanos brought a statuesque blonde companion, and Joe Weisenthal was the only one wearing sneakers--John Carney has one of the most interesting Read More
Last Tuesday in the Sheraton New York Hotel & Towers on West 53rd Street, just after lunchtime, Jamie Dimon made a joke. "I put this next slide in, the next one, for fun," the JPMorgan chief executive told his audience at the Barclays Global Financial Services Conference, clicking to page 18 of his presentation. Read More
CNBC Closing Bell host Maria Bartiromo is teaching a class at New York University's Stern School of Business this fall, according to Bess Levin. The class is called "Global Markets and Normative Frameworks," and she's co-teaching with Ripplewood Holdings CEO Tim Collins.
Ms. Bartiromo grew up in Brooklyn and studied at N.Y.U. herself. In those Read More
One way to oversimplify the ongoing fight over the financial reform is to say that Wall Street doesn't want to change, especially if change is going to be expensive. Some firms, like Goldman Sachs, have let it be known in the weeks since the Dodd-Frank bill was signed that it won't hurt them as much Read More
Congressman Barney Frank, the Chair of the House Financial Services Committee, went on a CNBC program called Street Signs today, where host Erin Burnett opened with a question about St. Louis Fed President James Bullard. Mr. Bullard, of course, made news today for joining the Paul Krugman camp that's worried about the chances Read More
In this week's BusinessWeek profile of Henry Blodget, we get a look inside his Business Insider.
There are no bellowing editors, no reporters with phones up to their ears. In fact, reporters on each "vertical" (the site is divided into several silos focused on technology and finance) share one phone, which would seem to discourage Read More
