Protestors will attempt to surround the New York Stock Exchange on the one-year anniversary of the Occupy Wall Street movement, according to Reuters. Looking to meet up with some like-minded people? Want to know which intersections to avoid? Go here, for the tactical map.
The Winklevoss twins are disrupting the sell side, or trying. After winning a settlement believed to be worth at least $65 million from Facebook, the twins pumped $1 million into SumZero, a social network for the buy side. “We always saw ourselves in careers as entrepreneurs or angels,” Cameron Winklevoss told The Wall Street Journal. “My favorite toy as a kid was Legos. I loved building things, and that’s what we’re doing with SumZero.”
Not wanting to be left out of anti-money laundering investigations, the Office of the Comptroller of the Currency is probing JPMorgan.
Best Buy founder Richard Schulze met with lenders last week as he seeks financing for his bid to take back his old company. Mr. Schulze’s plan is not fully baked, a source told The New York Post; in addition to bankers, Mr. Schulze is seeking to partner with private equity firms.
The Times headed north to profile the most interesting man in the Adirondacks: Sandy Lewis, the son of Bear Stearns managing partner Cy, a man who pleaded guilty to a case of insider trading he committed to prove a point, who once tried to counsel Bill Clinton on the former president’s extramarital affairs, and who in retirement, is spending a lot of time emailing journalists.
Wall Street expects weak third-quarter profits across corporate America, says The Times.
Elaine Tettemer Marshall, America’s fourth-richest woman, controls almost 15 percent of Koch Industries, according to Bloomberg. Her fortune has been in a “near-constant state of turmoil” since her father-in-law, J. Howard Marshall II, married Playboy model Anna Nicole Smith in 1994.
Chinese billionaires lost one-third of their wealth last year, according to CNBC.
Warren Buffett is done with radiation treatment to combat prostate cancer, the 82-year-old Berkshire Hathaway chairman said on Friday.
TD Ameritrade founder Joe Ricketts, who owns the Chicago Cubs and online news service DNAInfo, is going ahead with plans to spend $10 million on ads to support Mitt Romney—turning Chicago mayor Rahm Emanuel into a fan of the White Sox.
General Motors is pushing the government to sell the stake in the automaker acquired in a 2009 bailout, according to The Journal, in hopes of escaping the stigma of state-ownership, and lifting restrictions on executive pay. The government is balking, at least until share prices rise.
Russia’s favorite pyramid schemer—the “evil genius” Sergei Mavrodi—is at it again.