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Sale Rumor Sends Quiksilver Bonds Up 60%
Submitted by Tyler Durden on 01/26/2009 22:23 -0400
According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver
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Late Monday Headlines
Submitted by Tyler Durden on 01/27/2009 03:29 -0400- Iceland government crumbles sending country into total chaos (Stratfor)
- Endowments 101: How university endowments are about to have their worst year ever (Bloomberg)
- Russian Finance Minister pushes for world financial watchdog (Moscow Times)
- Merrill's 16,800 brokers on verge of mass exodus (
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All Business Trips Cancelled for Merrill Brokers
Submitted by Tyler Durden on 01/28/2009 17:12 -0400
We wrote about what we think the implications for the private jetting industry would be after Falcon-gate, but did not expect this.
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I Am Geithner's Total Lack Of Surprise: Freddie Asks for Another $35 Billion
Submitted by Tyler Durden on 01/23/2009 23:13 -0400
Freddie Mac, which is already owned by the U.S. government, has said it will ask the U.S. Treasury for another $35 billion. The company said its Q4 losses will drive its net worth below zero... again...
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January 26 Early Headlines
Submitted by Tyler Durden on 01/26/2009 14:12 -0400»
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Sale Rumor Sends Quiksilver Bonds Up 60%
Submitted by Tyler Durden on 01/26/2009 22:23 -0400
According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver
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- 923 reads
Early Headlines January 27
Submitted by Tyler Durden on 01/27/2009 15:13 -0400- Bill Dudley to become new NY Fed President (Bloomberg)
- Delta losses widen (Press Release)
- Good article on why everyone who claims CDS are the reason for the current debacle, is a little slow (
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New York Times To Cease Providing Monthly Revenue Updates
Submitted by Tyler Durden on 01/28/2009 17:27 -0400
In a quest to "improve" transparency into its business, the New York Times will cease providing monthly sales updates beginning this month, and only give clarity on a quarterly basis said the CEO on a phone call this morning... Next quarter we assume this practice will be adjusted to providing any sorts of updates to once a decade.
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Paging Anton Valukas: Dick Fuld Secretly Transferred Jupiter Island Home To Wife
Submitted by Tyler Durden on 01/23/2009 23:42 -0400While John Thain will be enjoying his creme of the crap status of reviled interior decorators for some time, Dick Fuld is about to upstage him in the shady asset transfer category. Cityfile has broken the following bombshell: the Gorilla's $13 million home on Jupiter Island, which was held by both Mr and Mrs Dick, was recently transferred singly to Kathy. Dick sold his portion of the house on 265 S Beach Rd, Jupiter Island to his wife for the princely sum of $100.
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Bartiromo: Update on Thain Office Scandal
Submitted by Tyler Durden on 01/26/2009 14:26 -0400Maria Bartiromo is trying to steal Gasparino's thunder by posting the latest update in the Thain commode saga. Per an internal memo, the former Merrill CEO is finally being contrite and will pay back the $1.2 million that he spent on the office renovations. He couches it by saying this the expenses were incurred over a year ago "when it was a different environment", and included, in addition to his office, two conference rooms and a reception area... not sure how that makes it better per se...
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Sale Rumor Sends Quiksilver Bonds Up 60%
Submitted by Tyler Durden on 01/26/2009 22:23 -0400
According to an article in this morning's edition of Women's Wear Daily ($$$ link), the DC Shoes division of sportsware maker Quiksilver could be sold to VF Corp in as soon as a few weeks, and that upon a successful consummation of the deal, Nike could purchase Quiksilver
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Taxpayers: 1; Private Jets: 0
Submitted by Tyler Durden on 01/27/2009 15:25 -0400
Citigroup spokesman Stephen Cohen has confirmed in an interview today that Citigroup "has no intent to take delivery of any new aircraft," and promptly declined to comment beyond the statement.
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SAC Loses Chief Psychiatrist, Underwater Portfolio Managers Elsewhere Gain Peace and Serenity
Submitted by Tyler Durden on 01/28/2009 02:28 -0400
If you have ever wondered how one can feel calm, relaxed and empowered after blowing a cool $100 mill on the basis trade that the Merrill salesguy was pitching incessantly as totally risk-free, after ingesting an elephant dose of estrogen in an office with the climatic characteristics of Vladivostok, then wonder no more, for a wealth of information, outsider and vice versa, and a comfy leather coach are about to be fully acce
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