Archive - Jan 14, 2009
New Missive from Howard Marks
Submitted by Tyler Durden on 01/14/2009 16:05 -0500The latest letter from the intellectual titan of Oaktree... Enjoy
Nortel Fiasco Causing Ripples
Submitted by Tyler Durden on 01/14/2009 14:52 -0500In an example of what we will be seeing a whole lot more of in the next few days, Flextronics issued a press release, claiming "it has been proactively engaged in executing a risk mitigation plan with respect to its relationship with Nortel for a period of several months. In December 2008, Flex engaged The Blackstone Group as it financial advisor to assist with evaluating the Nortel relationship and planning for any Nortel restructuring strategy." In addition, Flextronics will provide more specific financial details associated with today's news on its January 28, 2PM earnings call.
Galloway and Rattner Joining Forces to Make Sure All Well At NYT
Submitted by Tyler Durden on 01/14/2009 14:41 -0500
In a rather edgy back and forth between Michael Hirschorn of the Atlantic and Catherine Mathis, SVP Corporate Communications at the NYT, each one blames the other for calling the kettle black.
Market in Free Fall
Submitted by Tyler Durden on 01/14/2009 14:32 -0500After news such as retail sales, Deustche Bank earnings, HSBC earnings, bad tiffany's news combined with a cut in guidance, a couple of ba
Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 14:17 -0500
Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.
Wait Is Over - Nortel Files for Bankruptcy
Submitted by Tyler Durden on 01/14/2009 14:17 -0500
Despite our assumption that this would be a Southern New York Case, and in fact was a Delaware filing, the overall parameters turned out right.
Schrenker Captured!
Submitted by Tyler Durden on 01/14/2009 04:01 -0500WSJ, and CNN report that Schrenker is in the custody of the Gadsden County Sheriff's Office. Lt. Jim Corder says Marcus is alive and well. Schrenker managed to traverse a distance of 275 miles, from the house he showed up at on Sunday night in Childersburg, Ala, to his current location at Tallahassee Memorial Hosptial as apparently he had slit his wrists shortly before being captured.
Schrenker Captured!
Submitted by Tyler Durden on 01/14/2009 04:01 -0500WSJ, and CNN report that Schrenker is in the custody of the Gadsden County Sheriff's Office. Lt. Jim Corder says Marcus is alive and well. Schrenker managed to traverse a distance of 275 miles, from the house he showed up at on Sunday night in Childersburg, Ala, to his current location at Tallahassee Memorial Hosptial as apparently he had slit his wrists shortly before being captured.
Have You Seen This Man?
Submitted by Tyler Durden on 01/14/2009 03:36 -0500
And the list is growing... First Schrenker and now Raoul Weil, Former Chairman and CEO of Global Wealth Management at UBS. In the order attached below, Judge James Cohn of the Southern District of Florida announced that Raoul is now a fugitive. The UBS bigman, had been previously charged with tax fraud conspiracy.
Have You Seen This Man?
Submitted by Tyler Durden on 01/14/2009 03:36 -0500
And the list is growing... First Schrenker and now Raoul Weil, Former Chairman and CEO of Global Wealth Management at UBS. In the order attached below, Judge James Cohn of the Southern District of Florida announced that Raoul is now a fugitive. The UBS bigman, had been previously charged with tax fraud conspiracy.
