.
Read more »BooGie TiMe In BeRLiN...
Next Stop: Dow 100,000
Write-Offs: 05.15.12
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$$$ Greece fails to form unity government [FT] $$$ Greek Depositors Withdrew $898 Million From Banks Monday [WSJ] $$$ “The plane carrying newly sworn-in French President François Hollande was hit by lightning Tuesday afternoon, forcing him to delay a trip to Berlin, where he is due to meet German Chancellor Angela Merkel.” [WSJ] $$$ Happy…
Seek out people who disagree with you; The budget deficit is a stimulus; China = post-bubble Japan?
Everything is a 'fiat' currency
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There seems to be a lot of interest in currency regimes with the failings in EMU and concerns about what might happen there next. The US and the dollar have become part of this dialogue as the dollar has over the years lost value and gold bugs are quick to propose gold as an alternative that would be better at preserving capital.
I don’t think there is really much doubt about that.
Read more »BagThat Trading Raises $3.2M From Oxford
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BagThat Trading Limited said it raised £2 million ($3.2 million) in a round led by Oxford Capital. The investment will fund the further development and marketing.
PRESS RELEASE
Oxford Capital leads £2 million funding round for BagThat
New online store captures social network buying power to deliver unbelievable deals on branded goods
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Market Deja Deja Deja... Oh Forget It!
Lloyd Blankfein Finally Gets To Be The Prettiest Girl At The Ball
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Time was, Jamie Dimon was the most popular CEO on Wall Street and America’s “Least Hated Banker,” for reasons that included the fact that the man has soulful blue eyes, charisma out the ass, and was in charge of one the banks that a) didn’t go out of business during the financial crisis, like Lehman…
Facebook Raises Float Price After Being 'Swamped' By Investors
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Facebook has raised its initial public offering price to between $34 and $38 a share after being "swamped", confounding sceptics who say the social network is overvalued.... read more >
Read more »JPMorgan management wins at annual meeting
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There's a lot of emotion at the JPMorgan Chase annual shareholder meeting, but not a lot of actual action against management, which has prevailed convincingly on say-on-pay and the joint CEO/chairman job, according to media reports. Few shareholder resolutions, if any, appear to be on track to win. Article
Read more »Will JPMorgan clawback executive compensation?
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How can Jamie Dimon redeem himself and his bank?
The conventional wisdom, of course, is that the CEO of JPMorgan Chase has hurt his reputation and perhaps opened himself up to charges of hypocrisy (which may not be fair) on the issue of financial regulation. But there is something he could do that will win him loads of respect and go a long ways toward repairing his image: He could clawback funds from the executives responsible for the $2 billion trading debacle.
Read more »JP Morgan: Justice Department Opens Investigation Into $2bn Trading Losses
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The US Justice Department opened an investigation into how JP Morgan lost more than $2bn in poorly managed trading at its London office as the bank's embattled boss, Jamie Dimon, saw off attempts by shareholders to strip him of his role as chairman.... read more >
Read more »Complete April And YTD Hedge Fund Performance Summary
Seth Klarman On The Absurd Short-Termism Of The Exuberant Rally
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Guest Post: That Which Is Unsustainable Will Go Away: Pensions
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Submitted by Charles Hugh Smith from Of Two Minds
That Which Is Unsustainable Will Go Away: Pensions
Publicly funded pensions and Medicare are two examples of unsustainable systems that will go away in the decade ahead. Today we look at pensions, tomorrow we examine Medicare.
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Bearish bet targets Chesapeake Energy
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A large downside put ratio spread is targeting the natural-gas company, whose shares collapsed Friday and is now trading at three-year lows.
Read more »The Phoenix Companies' CEO Hosts Annual Meeting of Shareholders (Transcript)
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The Phoenix Companies, Inc. (PNX)
Annual Meeting of Shareholders Call
May 15, 2012 10:00 am ET
Executives
Tom Johnson - Chairman
John Mulrain - Corporate Secretary, EVP and General Counsel
Jim Wehr - President and CEO
Analysts
Presentation
Tom Johnson
Read more »Jamie Dimon Might Clawback Whale Team’s Bonuses Or He Might Not
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Dimon was approached by reporters after the [shareholder] meeting and was asked about whether executive pay would be taken back under the bank’s clawback provisions. “We will do the right thing…And that may well include clawbacks,” Dimon said. “The buck always stops with me.” [WSJ, earlier]
Japanese fund gets vote of confidence
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The iShares MSCI Japan fund is down 6 percent in the last month, compared with a 2 percent decline for the S&P 500, as investors worry the European crisis will hurt its export-dependent economy.
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