Wall $treet Folly

Putting up his Dukes: Andrew Giuliani sues the university after he's kicked off the Duke golf team

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 24 Jul 2008 08:32:00 -0500

Andrew Giuliani, son of Former mayor / former presidential candidate Rudy Giuliani, was kicked off the Duke University golf team last February for reasons that aren't really clear, and he's suing the school and the coach. Giuliani, a senior and...

S&P: NY Times may be thrown on the junk heap

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 24 Jul 2008 07:29:00 -0500

S&P is warning that debt of the NY Times could be downgraded to junk level. On Wednesday, the Times reported poor numbers, including an 82% decline in earnings on a 6% drop in revenues. According to the WSJ: "The CreditWatch...

WSF Headline Roundup - 7/24/08 - Credit Suisse not as bad as expected; Obama, McCain not messing with Bernanke; Fannie / Freddie bill passed by house; NOK / QCOM settle litigation; Shakeup!: Johnson leaving MSFT; GM, Daimler ills

wsf@wallstreetfolly.com (Wall Street Folly) — Thu, 24 Jul 2008 06:33:00 -0500

Credit Suisse Profit Falls 62%, Beating Estimates Obama, McCain Back Bernanke, Likely to Avoid Intruding on Fed U.S. House Approves Fannie-Freddie Bill by 272-152 Sallie Mae's Net Income Falls 72% Nokia, Qualcomm Settle All Litigation Johnson to leave Microsoft in...

Maybe the bottom IS near: John Paulson is looking to invest in the banks and brokers

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 23 Jul 2008 10:47:00 -0500

The early rounds of rescue financing for the banks and brokers hurt by the sub-prime credit markets implosion have so far produced big red catch-a-falling knife gashes for those brave enough to pony up. Now, one of the funds that...

Mr. Z-Score says that GM and Ford are "On the Verge of Bankruptcy"

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 23 Jul 2008 07:33:00 -0500

Ed Altman, the finance professor at NYU's Stern School of Business famed for creating the Z-Score bankruptcy predictor model that so many business school students and finance professionals have studied for decades, says that GM and Ford are in big...

President Bush: "Wall Street got drunk"..."and now it's got a hangover"

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 23 Jul 2008 06:55:00 -0500

It's kind of hard to argue with what Bush said...

WSF Headline Roundup - 7/23/08 - Bailout cost could be $25B?; Fannie Freddie deal; Oil bill won't fly?; UBS faces Cuomo civil suit; $ losing bank stocks pop; YHOO earnings don't impress; Ghosn seens no 09 auto recovery; Costco warns

wsf@wallstreetfolly.com (Wall Street Folly) — Wed, 23 Jul 2008 06:33:00 -0500

Cost of Loan Bailout, if Needed, Could Be $25 Billion U.S. Lawmakers Reach Deal on Fannie, Freddie Bill Oil market bill's future dim despite vote Cuomo Readies UBS Civil Suit Five Banks Post Losses -- and Their Stocks Soar Dollar...

Merrill Lynch bigwigs get their private jet wings clipped

wsf@wallstreetfolly.com (Wall Street Folly) — Tue, 22 Jul 2008 07:50:00 -0500

In the latest round of belt tightening indignities at Merrill Lynch, senior bankers won't be able to use private jets unless they have really good reasons. The Financial Times reports that they'll have to clear all private flight requests through...

WSF Headline Roundup - 7/22/08 - AXP earnings suck; More losses at Fannie, Freddie?; Apple Outlook disappoints; Genentech surprised by Roche bid; Brocade buying Foundry; Rich Brits in tax haven probe; Yahoo aftermath; ARod going Hollywood?

wsf@wallstreetfolly.com (Wall Street Folly) — Tue, 22 Jul 2008 06:43:00 -0500

American Express Declines as Earnings Fall Short of Estimates Fannie, Freddie May Record More Losses, Ofheo Says Apple Falls on Outlook, Questions About Jobs' Health Roche Bid Blindsided Genentech Brocade Agrees to Buy Foundry for $2.91 Billion Tax haven probe...