Investors love Cinda IPO
Chinese asset management company Cinda is shaping up to be the hottest initial public offering of the holiday season. Hedge funds and other investors are pouring cash into the offering, hoping to capitalize on the growing pile of debt expected to go bad. The Wall Street Journal offered this list of investors: China Cinda Asset […]
Retailers agree on standards for Bangladesh
With consumers ready to open their wallets for the holiday shopping season, those worried about the quality of working conditions for factory workers may find some comfort in a retail agreement announced Wednesday. The Wall Street Journal had this story: Three parallel safety pacts spurred by the death of more than 1,100 people in the April […]
The end of easy money
The Federal Reserve Board is considering pulling back on its bond purchases, but it won’t be easy to wean the market from the stimulus it now considers nearly essential. The release of the minutes from the October meeting sparked a round of media coverage. The Wall Street Journal wrote this story: Federal Reserve officials, mindful […]
Investors mixed on Bank of America settlement
Depending on whom you ask, the $8.5 billion settlement between Bank of America and 22 institutional investors is a great way for them to move on or a terrible idea. The two-year-old lawsuit has been in hearings for the past eight weeks. The Financial Times led with the unhappy investors, who are in the minority […]
Walmart store holds food drive for employees
In a revelation that has reignited the debate over low wages, many outlets reported today than an Ohio Wal-Mart was holding a food drive for employees in need. Here’s the story from the Cleveland Plain Dealer: The storage containers are attractively displayed at the Walmart on Atlantic Boulevard in Canton. The bins are lined up […]
Maria Bartiromo Moves to Fox
CNBC’s “Money Honey” is moving to Fox Business Network after a 20-year career at the business channel. Bartiromo’s move was first reported by Drudge Report. The move brings Fox Business Network one of the industry’s most prominent faces. Bartiromo is expected to start on Monday, the New York Times said. This is from the Times […]
Financial reform heats up
This is going to be a big week for financial reform. A division of the Treasury Department is looking to regulate the asset management industry. The Obama administration is also in the midst of negotiating the details of the Volcker rule, which bans firms from trading for their own accounts. Here’s the Wall Street Journal […]
Merry and bright?
Holiday sales drive the bottom line for many retailers. It’s so obviously all-important that when retailers begin to give guidance that the holidays will be less than expected in the middle of November, people sit up and take notice as evidenced by the number of stories in the last couple of days. Here’s a story […]
Previewing Yellen’s confirmation hearings
Janet Yellen prepares to face senators during her confirmation hearing as chairman of the Federal Reserve Borad on Thursday, but the business media was busy Wednesday previewing what she might say and some of the questions she may receive. The Financial Times took a straightforward lead saying Yellen will face “hostile questions” during her appearance: […]
Massad picked to lead CFTC
President Barack Obama nominated Timothy Massad, who ran the Troubled Asset Relief Program at the Treasury Department, to head the Commodity Futures Trading Commission. The move comes after Gary Gensler said he would leave once a successor was appointed. Here’s some of the background from the Wall Street Journal: Among Mr. Massad’s biggest challenges will […]
