Archive for June, 2007

  • Greenspan Comes Out Of Retirement For One More Interest Rate Hike
    , June 25th, 2007 at 9:00 am

    The Onion scoops Wall Street: Confirming a rumor that first appeared in March on the FDIC Fan Forum message board, former Federal Reserve chairman Alan [...]

  • Just Another Friday
    , June 22nd, 2007 at 1:58 pm

    Tom Wolfe: We may be witnessing the end of capitalism as we know it. Paris Hilton: I’m much more grateful for everything that I have, [...]

  • SEI Investments Splits 2-for-1
    , June 22nd, 2007 at 10:03 am

    One of our Buy List stocks, SEI Investments (SEIC), split 2-for-1 this morning. For tracking purposes, the number of shares will double from 839.4896 to [...]

  • Blackstone is LIVE
    , June 22nd, 2007 at 9:53 am

    Blackstone (BX) opened at $36.45 at $17 million shares. That’s 17% higher than the offer price. Interestingly, Stephen Schwarzman is not on the floor, but [...]

  • Firefox
    , June 21st, 2007 at 8:54 pm

    I just downloaded Firefox—oh my god! OMG! It’s waaay better than IE. I mean WAY better. C’mon people…how come no one told me? Why am [...]

  • Blackstone Priced at $31 a Share
    , June 21st, 2007 at 5:52 pm

    Hold on, folks. Trading in BX will begin tomorrow. At $31 a share, Stephen Schwarzman’s stake is worth about $7.7 billion. The entire company is [...]

  • The Cyclical-Stock Party Is Ending
    , June 21st, 2007 at 12:59 pm

    My latest at RealMoney on the last gasp of the cyclical rally. It’s a paid link, but here’s a sample: The CYC is up over [...]

  • Novo Nordisk
    , June 21st, 2007 at 11:47 am

    While American drug companies Merck (MRK) and Pfizer (PFE) aren’t doing well (or at least Merck has bounced off its deep lows rather nicely), check [...]

  • Stephen Schwarzman’s Foolish Antics
    , June 21st, 2007 at 9:12 am

    Slate’s Daniel Gross looks at the recent behavior of Blackstone’s Stephen Schwarzman: First, he threw himself a (much-covered) 60th-birthday party at the Park Avenue Armory [...]

  • This is NOT Happening
    , June 20th, 2007 at 3:51 pm

    From the AP: Rupert Murdoch’s News Corp. is discussing… Me running in slow motion …swapping social networking Web site… waving my arms …MySpace… screaming …for [...]

  • Paul Krugman Four Years Ago Today
    , June 20th, 2007 at 1:24 pm

    The big rise in the stock market is definitely telling us something. Bulls think it says the economy is about to take off. But I [...]

  • This Just In
    , June 20th, 2007 at 9:57 am

    Bernanke: Banks still important

  • A Good Run Doesn’t Mean a Stock is Too Expensive
    , June 20th, 2007 at 9:53 am

    A quick note on FactSet (FDS). This is a good reminder that just because a stock is up doesn’t mean it’s too expensive. FactSet was [...]

  • Oh Dear Lord
    , June 19th, 2007 at 5:08 pm

  • The Vietnam War Is Officially Over
    , June 19th, 2007 at 4:04 pm

    We won. Mr. Carter added that he was looking forward to the day the first Vietnamese company lists on the NYSE. Suck on that, hippies.

  • Guess the Stock
    , June 19th, 2007 at 3:27 pm

    Here’s a 12-year chart: Give up? Answer is after the jump.

  • When Wall Street Couples Cash Out
    , June 19th, 2007 at 11:38 am

    From the LA Times: The flood of cash into so-called hedge fund communities in New York, Connecticut and California has proved fatal to many marriages [...]

  • FactSet Beats Estimates
    , June 19th, 2007 at 8:58 am

    FactSet Research Systems (FDS) just reported very good earnings. After charges, the company earned 52 cents a share, a penny higher than forecasts. Sales rose [...]

  • Town Has Its Own Currency
    , June 19th, 2007 at 8:44 am

    Not only is the dollar losing support overseas, it’s not even doing well in Massachusetts. “I just love the feel of using a local currency,” [...]

  • Breaking: Terry Semel Resigns
    , June 18th, 2007 at 4:42 pm

    Terry Semel is out at Yahoo (YHOO). The stock is up in the after-hours market. Susan Decker has been named president. Two months ago, I [...]