Business Culture and Current Events Archive
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Merrill Chief Stan O’Neal’s Job In Jeopardy

October 26, 2007  ·  Category: Business Culture and Current Events, Stocks
According to a New York Times article this morning, late last week Chief Executive Stan O'Neal, without the permission of Merrill's board, contacted Wachovia Chief Executive G. Kennedy Thompson to ask if he might be interested ...
Posted by Greg Feirman  ·  No Comments »

Friday Is The 20th Anniversary of Black Monday

October 15, 2007  ·  Category: Business Culture and Current Events, Market Commentary
20 years ago Friday, on Monday October 19, 1987, the stock market crashed in its worst one day drop ever (22.6%). Black Monday stands as Wall Street's apacolyptic moment.  Why?  Nobody can give a satisfying answer.  And, of ...
Posted by Greg Feirman  ·  No Comments »

Victor Niederhoffer Runs Into Trouble …. Again

October 10, 2007  ·  Category: Business Culture and Current Events
"In America, they give you a second chance but not a third." - Victor Niederhoffer  In its most recent issue, The New Yorker ran a fascinating profile of trader and hedge fund manager Victor Niederhoffer. During the 1990s, Niederhoffer, ...
Posted by Greg Feirman  ·  No Comments »

50th Anniversary Of “Atlas Shrugged”; Thank You Ayn Rand

50 years ago today one of the truly great books of the 20th century was published: Ayn Rand's Atlas Shrugged.  The hostility evoked by any mention of Rand's name is of course a given.  But at root ...
Posted by Greg Feirman  ·  No Comments »

Henry Blodget Says Google $2000 “Not Far Fetched”

October 3, 2007  ·  Category: Business Culture and Current Events, Stocks
Henry Blodget, the infamous Merrill Lynch analyst who put ridiculous price targets on internet stocks during the tech bubble (the most notorious being his $400 target for Amazon.com in October 1998) and was ultimately barred from the ...
Posted by Greg Feirman  ·  No Comments »

TheStreet.com’s Vishesh Kumar Rips Microsoft Interest In Facebook

September 27, 2007  ·  Category: Business Culture and Current Events, Stocks
In a blistering and fact filled diatribe at TheStreet.com, "Facebook Won't Help Microsoft",  Senior Writer Vishesh Kumar makes clear the meaning of Microsoft's potential purchase of a slice of Facebook at a price that would ...
Posted by Greg Feirman  ·  No Comments »

Fox Business Channel To Launch October 15

September 25, 2007  ·  Category: Business Culture and Current Events
"CNBC is a financial channel for Wall Street.  We're for Main Street." - Rupert Murdoch, CEO News Corp In about 3 weeks the much anticipated Fox Business Channel will launch.  In the wake of News Corp (the parent ...
Posted by Greg Feirman  ·  No Comments »

The 17 Year Old Detroit Girl Who Created a Million Dollar Website

September 11, 2007  ·  Category: Business Culture and Current Events
I just read a truly incredible story from Fast Company magazine about a 17 year old girl from Detroit who, without any help from her parents or connections, created a million dollar (and growing) website. The ...
Posted by Greg Feirman  ·  No Comments »

A Couple Of Relatively Quiet Days On Wall Street

On Monday we had a mid afternoon swoon as the impetus from the Fed move began to wear off.  But markets recovered on news of a Tuesday morning meeting between Bernanke, Treasury Secretary Paulson and ...
Posted by Greg Feirman  ·  No Comments »

Judge Rejects FTC’s Appeal To Hold Up Whole Foods/Wild Oats Merger

August 17, 2007  ·  Category: Business Culture and Current Events, Stocks
Yesterday after the close the federal judge overseeing the FTC's request for a preliminary injunction against the Whole Foods/Wild Oats merger rejected the FTC's case.  The FTC now has until noon on Monday to appeal ...
Posted by Greg Feirman  ·  No Comments »
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