Wall Street

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Motorola Chief Walks On Razr&rsquo;s Edge
Motorola Chief Walks On
Razr’s Edge
Jul 12, 2007 11:22 AM CDT

Motorola Chief Walks On Razr’s Edge

Second straight quarterly loss fans firing flames for Zander

(Newser) - Motorola posted its second consecutive quarterly loss yesterday, amplifying calls for the ouster of CEO Ed Zander. Despite the popularity of the Razr handset, the company has likely ceded its second-place position in the cellphone wars to Samsung, and now analysts are doubting it'll turn a profit this year.

Funds Find One Bet They Can't Hedge: Trust

It's 1998 all over again as Bear Stearns buckle triggers panic

(Newser) - The recent collapse of two Bear Stearns hedge funds, and the resulting informal SEC investigation, have once again placed the complex system and its impact on markets under the spotlight. The Washington Post delves into the history and ethos of the powerful funds, comparing them to the Wizard of Oz...

Battle for Tech-Savvy New Grads Heats Up

Geeks are a hot commodity on the job market

(Newser) - Demand for students and recent grads with top-notch tech skills is higher than it's been in over a decade, thanks in part to banks and securities firms waging the recruiting wars alongside Silicon Valley giants such as Google. Bloomberg goes inside the process of wooing the so-called millennials, born between...

Wall Street, GOP Team Up on Tax Bill

Proposal would raise tax rate for private-equity profits from 15% to 35%

(Newser) - Wall Street stormed Washington yesterday, as more than 70 lobbyists for financial firms met with GOP lawmakers to organize opposition to a bill that would raise the tax rate on private-equity partners. The proposal would require managers at private partnerships to pay the normal income tax rate of up to...

CPI Registers Spring Spike
CPI Registers Spring Spike
Jun 15, 2007 11:06 AM CDT

CPI Registers Spring Spike

Energy, food drive big May bump in consumer spending as core inflation stays cool

(Newser) - The consumer price index jumped 0.7% in May, riding high energy prices to its second-biggest spike in 16 years. But the volatile food and energy sectors appeared not to disrupt the rest of the economy, MarketWatch reports. The core CPI, which excludes food and gas prices, rose only 0....

Wall Street Mogul Starts N(ew)FL
Wall Street Mogul Starts N(ew)FL
May 30, 2007 4:03 PM CDT

Wall Street Mogul Starts N(ew)FL

Investment banker, Google exec lay groundwork to challenge NFL next year

(Newser) - Wall Street renegade Bill Hambrecht is taking on one of America's biggest monopolies and launching his own professional football league. The United Football League plans to launch its challenge to the NFL's hegemony in 2008 with eight teams in non-NFL markets, including Los Angeles, Las Vegas, and Mexico City. One...

Former Exec Rails on Paydays
Former Exec Rails on Paydays
May 17, 2007 2:22 PM CDT

Former Exec Rails on Paydays

(Newser) - Former Goldman Sachs chairman John Whitehead is appalled by Wall Street's salary binge, and he wants his ex-employer to snap out of it. In an ornery interview with Bloomberg News, Whitehead, who ran the company from 1976 to 1984, says hedge funds sparked the rush toward obscene paydays but Goldman...

Inflation Cools, Heats Wall Street
Inflation Cools, Heats Wall Street
May 15, 2007 1:48 PM CDT

Inflation Cools, Heats Wall Street

But gas prices, at record highs, still worrisome

(Newser) - The core consumer price index stayed steady last month, rising just 0.2% and cooling worries about inflation. The overall CPI, which responds to fluctuating food and energy costs, climbed 0.4%, still well within the comfort zone. That's good news for the Fed, which held interest rates steady last...

The Class System at Dow Jones
The Class System at Dow Jones
May 3, 2007 4:30 PM CDT

The Class System at Dow Jones

how class system favors Dow Jones

(Newser) - In rejecting Rupert Murdoch's offer for Dow Jones, the Bancroft family provides a textbook example of the case for—and against—dual class shares for media companies. With their shares carrying ten times the voting power of publicly traded shares, the family has the power to spurn a suitor it...

Wall Street Snapping Up Losers
Wall Street Snapping Up Losers  
Mar 28, 2007 9:46 AM CDT

Wall Street Snapping Up Losers

Tech companies with no profits are enjoying hot IPOs again

(Newser) - Money-losing tech companies are enjoying overheated IPOs again. In a disconcerting echo of 1999, Forbes reports more than half the companies going public so far this year have yet to turn a profit. "The losers may be us," Quentin Hardy cautions, "a public suddenly so hot for...

Wall Street Tigers Bearish on Stocks

Investment club moves to hedge funds, private equity instruments

(Newser) - Tiger 21—the elite investment club whose members have at least $10 million each — is moving away from stocks and into alternatives like hedge funds and private equity instruments. Michael Sonnenfeldt, Tiger 21 founder, reports that assets in stocks are down 10 percent from last year, based on members'...

Sloan Reviews the Blackstone IPO Filing

Not quite financial porn, but some revealing moments

(Newser) -  The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's  two Mr. Bigs, Steve Schwarzman and Pete...

Financial Action Flees to London
Financial Action Flees
to London
Mar 20, 2007 7:24 AM CDT

Financial Action Flees to London

Goldman Sachs is now doing as much business abroad as on Wall Street

(Newser) - Wall Street’s position as the center of the financial universe—unchallenged for more than a century—is under serious threat from the City of London, according to John Gapper. London is catching up with Gotham in bond trading, already ahead in derivatives and the place to be for really...

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