Daily Brief
Recent Blog Posts
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Ooops
Nov 23 200912:01 am EDT -
The Era of the Renminbi Is at Hand
Nov 20 20092:55 pm EDT -
Computer Glitch Snarls Air Traffic
Nov 19 200910:29 am EDT -
Dollar Doldrums? What Dollar Doldrums?
Nov 19 20098:48 am EDT -
American Express Makes a Revolutionary Deal
Nov 18 200912:05 pm EDT -
Calpers Puts Pressure on Private Equity Funding and Fees
Nov 18 200910:27 am EDT -
Madoff Makes Millions (for Others)
Nov 18 20096:04 am EDT -
Lazard Looks Within Its Ranks for New Chief
Nov 17 20091:44 pm EDT -
A Brutal Morning for Geithner
Nov 17 20098:02 am EDT -
GM to Start Payback
Nov 16 20095:57 am EDT
The Era of the Renminbi Is at Hand
The Blackstone Group's new China fund is denominated in the renminbi, not the dollar, a sign that Asia's financial infrastructure is rapidly coming of age. Continue
Computer Glitch Snarls Air Traffic
The problems in Atlanta have a ripple effect. If planes can't leave Atlanta, they can't land in New York and then take off again for Chicago. Etcetera, etcetera, etcetera. Continue
Dollar Doldrums? What Dollar Doldrums?
Ever since Federal Reserve chairman Ben Bernanke's comments Monday about the status of the American dollar, we've been looking for more signs about how U.S. monetary policy officials think the greenback is doing. Today, we got some clues and they amounted to a fiscal version of the Bobby McFerrin tune, "Don't Worry, Be Happy." Continue
American Express Makes a Revolutionary Deal
To stay on the cutting edge in terms of new payments products and platforms, American Express is buying Steve Case's Revolution Money for $300 million. Continue
Calpers Puts Pressure on Private Equity Funding and Fees
A new investment chief at the nation's largest pension plan slashes private equity funding by 62 percent. Continue
Madoff Makes Millions (for Others)
The auction of four boats and a Mercedes Benz convertible once owned by convicted Ponzi operator Bernard Madoff, his wife Ruth, and a former associate netted a little more than $2 million. Continue
Lazard Looks Within Its Ranks for New Chief
Kenneth Jacobs, a Lazard veteran, succeeds the late Bruce Wasserstein. Continue
A Brutal Morning for Geithner
This is not the headline Treasury Secretary Tim Geithner (or, frankly his boss, President Obama) wanted to read: HOW CAN GEITHNER SURVIVE THIS? Scathing Report Singles Out Treasury Chief For Bungled AIG Bailout. Continue
GM to Start Payback
The automaker, in a better-than-expected financial position, will begin repayment of the money it owes the government. Continue
The Financial Services Committee chair follows through on a pledge to rewrite the banking rules.
Health care bankers win big as risk returns to Wall Street. But that may be just the tip of the iceberg.
Madoff forces business schools to face ethics' dark side: teaching students how to commit fraud.
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