Entries tagged "Bloomberg"

Buffett is still the Oracle

A Bloomberg survey determines that Warren Buffett is still the Oracle that finance professionals look to for visionary guidance.

Bloomberg wins BusinessWeek

BusinessWeek had been on the auction block since July when McGraw-Hill hired Evercore Partners to shop the publication.

Grano: Benmosche worth more than A-Rod

Who is more valuable, Yankee third-basemen Alex Rodriguez or AIG CEO Robert Benmosche? If you answered Benmosche, then you have company in Paine Webber's former CEO Joseph Grano.

Bloomberg spends $65M so far for re-election

Former Wall Street dealmaker Michael Bloomberg has opened his wallet to the tune of $65 million so far for his re-election bid for New York City mayor.

Facebook's expansion continues

Facebook's CEO reportedly says the company plans to boost its staff by 50% in 2009.

Bernanke, Taylor and the rule that divides us all

On Friday, economist John Taylor, founder of the 'Taylor Rule,' gave Fed Chairman Ben Bernanke a big pat on the back. From there, things get more complicated.

Portfolio as a bubble phenomenon

Conde Nast officially pulled the plug on Portfolio, a little more than two years after its much-hyped launch.

Nationalize PE? Bloomberg voices the absurd

Bloomberg's London-based columnist Matthew Lynn is so concerned about LBO debt that he suggests some startling prescriptions to avoid a meltdown.

Roll Call: Dec. 10, 2008

Was there a newspaper bubble? The New York Times' DealBook argues the case. Newspapers aren't the only ones in trouble. NPR is laying off too as corporate donors cut back because of the poor economy, according to Gawker. Silicon Alley Insider notes that even Bloomberg is feeling the pinch of the credit crisis, but given that some 100,000 Wall Streeters have been laid off recently, it comes as little surprise. The credit crisis also forced Reed Elsevier plc to pull its auction of Reed Business Information because of a lack of interest. PaidContent offers a complete timeline of the failed...

Did Bloomberg cry wolf for chance to run for a third term?

Did billionaire entrepreneur turned politician Michael Bloomberg exaggerate the dire financial condition of New York City to sway the City Council to allow him to run for a third term as New York City mayor? A New York Times report seems to think so. The report cited unnamed sources inside the Bloomberg administration along with Deputy Comptroller Marcia Van Wagner who feel that the mayor's claim of a $500 million increase in the city's budget deficit is an overstatement. ...

Who will replace Paulson at Treasury?

There are less than 40 days until the presidential election Nov. 4, and The Washington Post is getting a head start on handicapping who might succeed Treasury Secretary Henry Paulson. Usually the sport of guessing cabinet members is left until after the election when it is clear who the winner is, not when an election remains relatively close. The list includes some well known dealmakers and bankers, including John Thain and Mitt Romney. See the list after the jump. ...

Merrill's current woes won't stop it from Urban bid

Are one company's troubles another's gain? That may be the case for Japanese real estate developer Urban Corp., which is up for auction after filing the biggest bankruptcy in Japan this year based on debt of ¥255.8 billion and ($2.3 billion), according to Bloomberg.Now, at least 10 bidders from U.S. and European funds and Japanese real estate developers have all put their names in the running for the Urban auction, Bloomberg reports. The developer has $4.4 billion in assets that include properties throughout Japan as well as deposits and loans. But as enticing as Urban may be, for one...

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