Finance

http://s.erious.ly

Author Archive

Good luck, Steve.

PRESS RELEASE: Letter from Steve JobsAugust 24, 2011–To the Apple Board of Directors and the Apple Community:I have always said if there ever came a day when I could no longer...

Insider trading is definitely the new black

Bit of a stunner from the SEC on Thursday (emphasis ours throughout):Washington, D.C., May 26, 2011 — The Securities and Exchange Commission today charged a former managing...

It’s official: Ambac files for Chapter 11

Not with a bang, but a whimper.Emphasis FT Alphaville’s:Ambac Financial Group, Inc. (NYSE: ABK) (Ambac or the Company) announced today that it has filed for a voluntary...

BP: not good enough for FTSE4Good

A slap on the wrist for BP on Friday,  from index compiler FTSE:(Reuters) – BP is to be evicted from the FTSE4Good ethical investment index due to its Gulf of Mexico oil spill,...

Submerging Ireland: S&P cuts to AA- from AA

Oh dear. Standard & Poor’s on Tuesday night downgraded Ireland’s sovereign rating by one notch to AA-.The rating agency said its outlook for the country was negative,...

No, Steve, it’s not like when Hitler invaded Poland

Today in private equity hubris – Blackstone chairman Stephen Schwarzman on Obama’s tax policies (via Newsweek):“It’s a war,” Schwarzman said of the struggle...

SEC charges 35-year Deloitte veteran with insider trading

This is increasingly looking like the worst of times for professional services firms.Management consultants were more than a little shaken when the investigation into alleged...

[MoneyTech] Information asymmetry, PR wire releases edition

FT Alphaville has noted before that when it comes to financial markets, and especially in the battle between institutional investors and the day trader, someone will always have the data first....

Fed holds rates; says recovery proceeding at a ‘moderate pace’

Statement out from the Federal Open Market Committee on Wednesday, emphasis FT Alphaville’s:Information received since the Federal Open Market Committee met in April suggests...

[MoneyTech] Google and Twitter v the investment banks

How do Wall Street’s lawyers and lobbyists find the time?Somehow, while fending off the complaints of munis burnt by derivatives, contending with proposals to overhaul...

Central banks see growing reserve asset role for gold

Nearly a quarter of central banks believe gold will become the most important reserve asset in the next 25 years, the FT reported, citing an annual poll by UBS. The result highlights...

When is a caja not a caja?

Moody’s Capital Markets Research group, a separate unit from the more well-known ratings division, published a note on Friday about the skepticism of credit market investors’...