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 Read More
Nearly a month after former Citigroup chief executive Sandy Weill called for the break-up of the biggest U.S. banks, current Citi CEO Vikram Pandit told the Financial Times that the bank is sized just right.
How to define ‘subprime?’ The answer may determine the fate of the government’s case against three Freddie Mac Read More
British lawmakers published results of their investigation into Barclays efforts to manipulate Libor and other interbank lending rates. They were less than happy with cooperation provided by former CEO Bob Diamond.
Deutsche Bank is one of four European lenders being investigated by U.S. authorities for possible violations involving oil-trading and Iran, a source told Bloomberg. Read More
Scott Thompson, you’ll remember, is the former Yahoo chief executive ousted last month afteractivist investor Dan Loeb uncovered inaccuracies on Mr. Thompson’s resume. Brian Dunn, meanwhile, was the CEO of Best Buy until April, when he left the company amid an investigation that eventually revealed Mr. Dunn had what the polite press called an “inappropriate relationship” with an employee. Read More
Ever think “Where’s my wallet?” when walking around the Atlantic Terminal or Atlantic Center malls?
It’s probably missing. The shopping centers have become the “singular crime epicenter in Fort Greene and Clinton Hill’s 88th Precinct,” The New York Times reports. Read More
Big isn’t always better!
Best Buy did a monstrous belly flop in the pool of big retailers last Thursday, reporting a $2.6 billion quarter loss and sending tidal waves to similar retailers. Best Buy, along with many of its retailing rivals, is shifting their focus to opening smaller locations. We are facing down the end of the big box story, according to Bloomberg. Read More
After months of speculation, Nordstrom Rack, in its eminently corporate way, has officially announced over the wire that it will open its first Manhattan store at One Union Square South, in the building owned by Stephen Ross’ Related Companies.
Meanwhile, Best Buy will take the old Circuit City space in the same building.
(Updated) R. Read More
Come check out the latest technology by … Liz Claiborne?
Indeed! Chic leather handbags with removable laptop sleeves are the first items on display when you stroll down the blue-carpeted entranceway to the city’s freshest Best Buy, which held its blue-and-gold-balloon-strewn grand opening on Friday at Fifteen Central Park West.
A day earlier, the Read More
