Archive for March, 2012

• Morning News: March 5, 2012
  Eddy Elfenbein, March 5th, 2012 at 5:47 am

  Merkel Sees Euros Minted From Marks in Trial of German Integrity

  Dallara Says Debt Swap Is on Track

  End of Irish Europe Love Affair May Hurt Bonds

  Foreign Investment in Europe Starts Anew

  Chinese Congress Opens With Upbeat Economic Assessments, and Eyes on the Top

  Apple’s Job Creation Data Spurs an Economic Debate

  AIG Selling $6 Billion of AIA Shares, To Repay Bail-out

  BlackRock’s Bullish Approach to Asia

  India’s Hero Eyes Ducati Amid Takeover Quest

  BP Gains Most in a Month on Gulf Settlement

  Deepwater Oil Drilling Picks Up Again as BP Disaster Fades

  Jaguar Land Rover, Chery Seek OK for $2.8 Billion JV

  SingTel Unveils New Structure and Strategy, Buys Amobee for $321 Million

  James Altucher: Did Obama Really Say He Wants Everyone to Go to College?

  Howard Lindzon: YELP Goes Public…StockTwits Social Web Index Update (SWEB) – The Winners and The Losers

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• Wonder Why People Don’t Like Wall Street
  Eddy Elfenbein, March 2nd, 2012 at 11:02 pm

  Well, that’s not much of a mystery. But still. I really want to see this guy punished:

  Morgan Stanley’s William Bryan Jennings, the bank’s bond-underwriting chief in the U.S., was charged with a hate crime in the stabbing of a New York City cab driver of Middle Eastern descent over a fare.

  William Bryan Jennings?? Seriously?? Who named this guy — Richard Nixon Milhous?

  Mohamed Ammar said the banker attacked him Dec. 22 with a 2½-inch blade and used racial slurs after a 40-mile ride from New York to the banker’s $3.4 million Darien, Connecticut home.

  Jennings, who had attended a bank holiday party at a boutique hotel in Manhattan before hailing the cab, refused to pay the $204 fare upon arriving in his driveway, the driver said. When Ammar threatened to call the local police, Jennings said they wouldn’t do anything to help because he pays $10,000 in taxes, according to a report by the Darien police department.

  Ammar, a native of Egypt, said he then backed out of the driveway to seek a police officer. The banker called him an expletive and said “I’m going to kill you. You should go back to your country,” according to the report, filed in state court in Stamford. A fight ensued as they drove through Darien, and Jennings, 45, allegedly cut Ammar, 44, police said.

  The banker, who eventually fled the cab and turned himself in two weeks later after a vacation in Florida, was charged with second-degree assault, theft of services and intimidation by bias or bigotry. He faces as long as 5 years in prison on the assault charge.

• Morning News: March 2, 2012
  Eddy Elfenbein, March 2nd, 2012 at 5:50 am

  Barclays Takes 8.2B Euros of ECB Money

  Life as Libor Traders Knew It Seen as Abusive

  German Retail Sales Fall

  Swaps Committee Rules No Greece Credit Event on ECB Debt Swap Agreement

  Anheuser Busch-InBev on Shortlist for China Brewery Deal

  Lukoil Shelves $1.8 Billion U.S. Shale Deal

  Oil Tops $110 on Saudi Pipeline Report: Commodities at Close

  Obama Seeks to End Subsidies for Oil and Gas Companies

  Bernanke Has a Day of Sedate Testimony

  Initial Jobless Claims in U.S. Lowest Since March ’08

  Chrysler Sales Increase 40%

  Buffett’s Insurance Growth Engine May Stall

  Southwest, AirTran Receive FAA Milestone

  Where the Jobs Are, the Training May Not Be

  Yelp Prices Its Offering at $15 a Share

  Joshua Brown: Reverse the Streams! Equity Fund Flows Go Positive

  Roger Nusbaum: Bonds Have Lost Their Purpose?

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• Out of Commission
  Eddy Elfenbein, March 1st, 2012 at 10:25 am

  I have to apologize, folks. There’s a flu going around that’s unfortunately gotten to me.

  *GROAN*

  I’m a little feeling better but posting will be light.

• Morning News: March 1, 2012
  Eddy Elfenbein, March 1st, 2012 at 5:38 am

  Monti Expects Euro Debt Firewall Deal This Month

  ECB Said to Buy Portuguese Notes as Bank Returns to Market After a Pause

  IMF Staff Backs Currency Intervention as a Policy Tool in Emerging Markets

  Indian Manufacturing Expands at Close to the Fastest Pace in Eight Months

  Spain’s Plea for Fiscal Leniency Challenges Rules

  Asian Factories See Pick Up in New Orders

  Tensions Raise Specter of Gas at $5 a Gallon

  Bernanke Quells Talk of Fresh Fed Stimulus

  Fannie Mae Challenges Bank of America on Rift

  Nasdaq 3000 Is Rally’s Latest Milestone

  Bonuses Dip on Wall St., but Far Less Than Earnings

  Cantor Bankers Defect to China in Talent War

  Substantial Growth in Ads Is on the Way to Facebook

  Goldman and Cinven to Sell Ahlsell for $2.4 Billion

  A.M.D. Buying SeaMicro for $334 Million

  Cullen Roche: Shutdown the Corporations?

  Jeff Carter: Jumpstarting an Economy

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