• Goldman, CIT Reach Deal to Keep Smaller Credit Facility Open – Not as much as they wanted but we’re not talking about a company with a lot of options here. [Bloomberg]
• White House: Data Likely to Credit Stimulus for 650,000 Jobs – In what appears to be the debunking of the Associated Press’ debunking of the WH data, the administration is claiming that the stimulus has nearly created the 1 million jobs the bill promised. [WSJ]
• Wal-Mart starts selling coffins – The most modestly priced receptacle is $895. [BBC]
• Galleon fears raised in 2001 – A JP Morgan analyst thought something was fishy with Raj and his “cohorts” and recommend that the bank’s alternative asset management unit should “reduce their allocation” to the fund. Apparently a trophy may have been at stake. [FT]
• Stanford Receiver Hopes to Recoup $1.5 Billion – “Court-appointed receiver Ralph Janvey filed a report in federal court in Dallas late Wednesday outlining his plan to go after the $1.5 billion and provide allegedly defrauded Stanford investors a return of as much as 20 cents on the dollar.” [AP via NYT]
Related Posts
Preliminary Analytics | 08.12.09
• Economists Call for Bernanke to Stay, Say Recession Is Over – “Economists are nearly unanimous that Ben Bernanke should be reappointed to another term as Federal Reserve chairman, and they said there is a 71% chance that President Barack Obama will ask him to stay on, according to a survey.” Sure, why not? [WSJ]
• U.S. Firms Probed in Mexico Oil Scam – “The probe is part of a broader two-year joint U.S.-Mexican investigation into a network of Mexican oil smugglers supported by the Gulf drug cartel, one of Mexico’s most powerful and brutal criminal organizations.” Appears reasonable. [WSJ]
• Lying Low After a Layoff – Are you really going out of your way to look employed? [Washington Post]
• Amex, Discover to end fees going over credit limit – Back to maxing out! [AP via Miami Herald]
• Feinberg’s Pay Decisions May Set the Template for Wall Street – “companies must tell him how they plan to pay the 25 top-earning employees. Feinberg will rule on the plans within 60 days after they’re completed.” Uh oh. [Bloomberg]
Preliminary Analytics | 12.03.09
• Estate Tax Debate to Begin in U.S. House Amid Clash on Limits – Can this get sorted out in four weeks? “Unless Congress acts, the estate tax would be replaced in 2010 by a capital gains tax on all but the first $1.3 million in inherited assets including homes, stock certificates, stamp collections and livestock.” [Bloomberg]
• Goldman Takes Offensive on Pay – Explaining why the Almighty’s foot soldiers are worth every penny to investors should be a snap. [WSJ]
• Tax Cut-Off for Deductible Donations – “Few things upset a year end donor more than being told his gift will not count as a current year contribution and thus not be a current year IRS tax deduction.” [Aronson Nonprofit Report]
• The NBC Universal Sale, by the Numbers – This is what it’s all about, isn’t it? [DealBook]
• Comcast Readies Itself for Long Regulatory Fight – Oh right, there is the small matter of convincing the Feds that this is good for everyone. [Media Decoder/NYT]
Preliminary Analytics | 11.04.09
• Buffett Joins Goldman in Bid for Fannie Mae Tax Credits – “The credits are virtually worthless to Fannie Mae and require the company to take losses each quarter as their value declines. Companies such as Berkshire Hathaway and Goldman Sachs could use them to offset federal tax expenses.” Who doesn’t hate seeing good tax credits go to waste? [WSJ]
• Congress Poised to Keep Homebuyers’ Tax Credit – Despite toddlers’ insistence of homeownership and widespread SNAFUs, the bill could pass as early as today. [NYT]
• AT&T sues Verizon – AT&T doesn’t think the map commercials are funny or accurate. [NYP]
• ‘Osama’ Funding Appeals as U.S. Independent Filmmakers Hurt – Desperate times, right? Just so long as you don’t have any political aspirations. [Bloomberg]
• Surprise! NJ Doesn’t Like High Taxes – “New Jersey holds the distinction of the state with both the highest property taxes per capita and the worst business tax climate in the nation, according to the Tax Foundation.” [Tax Girl]
• Fears of a New Bubble as Cash Pours In – “Behind the trend are measures such as cutting interest rates and pumping money into the financial system, which have left parts of the world awash in cash and at risk of bubbles, or run-ups in asset prices beyond what economic fundamentals suggest are reasonable.” [WSJ]