Archive for August, 2005

  • Arizona Funds Might Belong to Bayou
    , August 31st, 2005 at 11:17 pm

    More leads in the case of the Bayou hedge fund. Investigators have located $101 million in Arizona that might belong to Bayou. It’s hard to [...]

  • Yum! Brands
    , August 31st, 2005 at 11:03 pm

    The Economist has an article about Yum! Brands, the fast food restaurant that’s as successful as it is unknown. China might seem an exotic market [...]

  • Hurricane Katrina
    , August 31st, 2005 at 10:58 pm

    The damage from Hurricane Katrina is simply overwhelming. Communities on the Gulf Coast have been wiped out. Thousands of people have been evacuated, and no [...]

  • White House to Open Strategic Reserve
    , August 31st, 2005 at 8:50 am

    Today, the White House announced that it will open the Strategic Petroleum Reserve in order to cushion the oil market in the aftermath of Hurricane [...]

  • The Onion: Google Announces Plan To Destroy All Information It Can’t Index
    , August 31st, 2005 at 7:21 am

    MOUNTAIN VIEW, CA—Executives at Google, the rapidly growing online-search company that promises to “organize the world’s information,” announced Monday the latest step in their expansion [...]

  • Citi Slickers
    , August 31st, 2005 at 6:17 am

    So many Citigroup execs are jumping ship, you’d think the bank was Hewlett-Packard. That’s not quite fair—the Hewlett-Packard employees are getting laid off. The Citigroup [...]

  • Hope for Dell
    , August 30th, 2005 at 11:15 pm

    Daniel Gross has more on the recent anti-Dell noises. I still think it’s a thesis looking for a story. Despite this rash of bad news, [...]

  • Spitzer’s Settlement Two Years On
    , August 30th, 2005 at 12:04 pm

    Eliot Spitzer made quite a name for himself taking on Wall Street. Two years ago, he forced the biggest firms on Wall Street into a [...]

  • More on Bayou
    , August 30th, 2005 at 10:14 am

    The New York Times has more on the fall the Bayou hedge fund. “It’s not logical to me,” said Leon Meyers, an investor in Bayou [...]

  • The Collateralized Debt Obligations Market
    , August 30th, 2005 at 9:53 am

    The market for collateralized debt obligations, or CDOs, is the fastest-growing business on Wall Street. Banks create CDOs by bundling together assets ranging from mortgages [...]

  • Reuters: China Defends Yuan Policy
    , August 30th, 2005 at 9:37 am

    China defended its currency regime on Tuesday ahead of a visit to the United States by President Hu Jintao, but hinted at possible future changes [...]

  • Greenspan Warns
    , August 30th, 2005 at 8:58 am

    Financial Times Greenspan Warns Successor The Telegraph Greenspan Warns of the Dangers from Capital Gains NewsHour Greenspan Warns of Growing Risks to U.S. Economy Smart [...]

  • Police Arrest NYSE Member for Death Threat Against Fellow Member
    , August 29th, 2005 at 2:40 pm

    Wall Street can be a tough place. According to police, Edward A. Reiss made a death threat against William Higgins. Higgins has been opposed to [...]

  • Bayou Hedge Fund
    , August 29th, 2005 at 10:17 am

    Two weeks ago, Eric Dillon went to the offices of Bayou Management. He’s a money manager and he wanted to find out what was happening [...]

  • Foreigners are Pouring Cash into Emerging Markets
    , August 29th, 2005 at 9:48 am

    The Economist has an interesting article on the sudden interest in emerging markets. Between the beginning of June and the week ending August 17th, emerging-market [...]

  • Google Watch
    , August 29th, 2005 at 9:19 am

    UBS lowers its earnings estimate due to the secondary stock offering. For 2006 and 2007, UBS lowered the earnings-per-share estimates on Google to $7.57 and [...]

  • Bankruptcy Abuse Prevention and Consumer Protection Act
    , August 29th, 2005 at 9:05 am

    There’s another hurricane headed towards Wall Street. On October 17, the new bankruptcy law goes into effect. The old law is considerably more liberal, so [...]

  • Katrina Slams Louisiana
    , August 29th, 2005 at 8:42 am

    Hurricane Katrina has made landfall in Louisiana and it’s already causing damage on Wall Street. For the first time ever, crude oil futures soared over [...]

  • A-Rod
    , August 28th, 2005 at 10:39 pm

    Alex Rodriguez has the best shot of anyone to break Hank Aaron’s all-time home run record. In 23 seasons, Hammerin Hank hit 755 home runs. [...]

  • Be Warned: Mr. Bubble’s Worried Again
    , August 26th, 2005 at 1:18 pm

    Robert Shiller is worried about a housing bubble. I also think the housing market is overheated, but Shiller is far too much of a bear [...]