Filed under: Bad News, Recession
The New York Post reports exclusively that "Suppliers to the off-price clothing chain -- which was acquired by Dubai-based Istithmar in 2006 for $300 million -- have begun to withhold shipments to stores as concerns mount about the retailer's...
Oak Street Capital Management and Dash Acquisitions own a combined 6.5% stake in Denny's Corporation (DENN), and recently launched a proxy fight to add three new members to the company's board of directors. Calling themselves the Committee to Enhance Denny's, the group opined in a letter...Filed under: General Motors (GM)
General Motors has announced that Bob Lutz will be retiring from the company on May 1.Filed under: Berkshire Hathaway (BRK.A)
Sardar Biglari has done an admirable job of turning around operations at Steak 'n Shake (SNS), but over the past few months, he's made a few less-than-subtle efforts to imitate his idol Warren Buffett.
As the court battle for control of a trio of Atlantic City casinos between Carl Icahn and Donald Trump heats up, one question is coming into focus: How much is Donald Trump's name on the top of a casino worth?
Trump argues that giving him control of the company...
Filed under: Rumors, Management, Financial Crisis
For a long time, Erin Callan was considered one of the most powerful women on Wall Street.Filed under: Management
Sarah Weinman reported recently that the board of directors at Barnes & Noble (BKS) has denied Ron Burkle, the company's single largest shareholder, the opportunity to acquire more stock without triggering the poison pill the company enacted hastily back in November.Filed under: News Corp'B' (NWS)
Dow Jones & Co., a division of News Corp. (NWS), is in talks to acquire the 50% of SmartMoney magazine that it doesn't already own from Hearst, its partner in the monthly publication.
The Wall Street Journal reports that "The...
Medifast Inc. (MED) is a publicly traded nutrition and network marketing company with a market cap of over $300 million.Filed under: Management, General Motors (GM)
General Motors has hired former CEO Fritz Henderson to serve as an adviser to the company. He'll be paid $59,090 per month, or $709,080 annualized. Is there anywhere, other than perhaps The Surreal Life: Recession Edition, where Henderson could...
Filed under: Bank of America (BAC)
One of the most entertaining parts of watching former corporate titans under investigation is watching them invoke the "I'm stupid" defense.
When he appeared before Congress to discuss the collapse of Enron and the company's phony accounting, Jeff Skilling's defense consisted of...
Filed under: Federal Reserve
The Wall Street Journal reports (subscription required) on the beaten down market for portraits of former Federal Reserve Chairman Alan Greenspan.
The once revered economic maestro is now seen in many circles as being responsible for multiple bubbles and the current financial crisis:...
