General Motors | Observer

By Mike Taylor 12/03/10 1:22pm

Wall Street

Morning Roundup: Hedge Funds Traded Stocks — But Were They Insiders at the Time?

SAC, Diamondback, Jana and Balyasny Asset Management all beefed up their stakes in at least one of three acquired health care companies around the same time each deal was announced, although it’s unclear whether the funds bought in before or after the announcements. [WSJ]
Although it’s awful to have recently lost your Read More

By Mike Taylor 11/30/10 12:56pm

Wall Street

Morning Roundup: Return of the Golden Parachute

According to one powerful shareholder group, Wall Street firms still tie executive pay too closely with the pursuit of short-term profit and fail to penalize executives for thoroughly gumming up their companies. In fact, this situation has only gotten worse since 2007, which wasn’t exactly a banner year for corporate responsibility. [WSJ]

By Mike Taylor 11/19/10 12:56pm

Wall Street

Morning Roundup: Rattner the Attacker

As he fielded two lawsuits from New York Attorney General Andrew Cuomo and settled his beef with the SEC yesterday, former car czar Steven Rattner also went on the offensive, suing his former buddies at private equity shop Quadrangle Group. [NYT]
Federal Reserve Chairman Ben Bernanke is still mad at China for Read More

By Mike Taylor 11/18/10 1:12pm

Wall Street

Morning Roundup: Cash For a Former Clunker

General Motors’ Wednesday initial public offering notwithstanding, many companies are having trouble coming public in today’s business environment. [NYT]
Other companies’ troubles notwithstanding, shares of General Motors are selling like hotcakes, the dickens, and the 2010 Ford F-150 all rolled into one. Vroom vroom! [WSJ]
Although a settlement is possibly in Read More

By Mike Taylor 11/17/10 1:05pm

Wall Street

Morning Roundup: Obama Wants to Snuggle With a Skeptical Wall Street

President Obama and his administration puckered up to give corporate America a big wet kiss yesterday, but corporate America turned away at the last second and said, “I’m not that kind of girl. Plus, I heard what you’ve been saying about me behind my back.” [WSJ]
A settlement is in the works Read More

By Mike Taylor 11/16/10 1:34pm

Wall Street

Morning Roundup: Larry Summers Hasn’t Quit Yet

National Economic Council head Larry Summers, whom we’d forgotten about since he announced in September he’d be leaving the White House, said getting along with China would be crucial to America’s economic recovery. [WSJ]
The Congressional Oversight Panel has an idea for what to do about the foreclosure crisis: Stress tests! [Read More

By Mike Taylor 11/03/10 11:09am

Wall Street

Morning Roundup: Great Election, Guys!

There was an election yesterday. This definitely impacts the financial markets and the economy, although hardly anyone can say how, exactly. [AP]
Now that the election’s over, traders are looking to see what the Federal Reserve’s next monetary move will be. Whatever happens, it will definitely impact the financial markets and the Read More

By Mike Taylor 10/29/10 12:21pm

Wall Street

Morning Roundup: Why Doesn’t Ben Bernanke Do More ‘Countdown’ Appearances?

Some people would like Federal Reserve chairman Ben Bernanke more if he were weighing in on fiscal matters like the Bush tax cuts and stimulus spending. Much to their dismay, Bernanke seems to view himself more as a central banker than a bloviating pundit. [NYT]
Yes, yes, General Motors is preparing for Read More

By Mike Taylor 10/28/10 12:59pm

Wall Street

Morning Roundup: Possible Profit on GM Bailout

The Federal Reserve is asking bond investors, “What do you think we’re going to do in the Treasury market, and what do you think will happen because of it?” [Bloomberg]
The Obama administration has reached the unremarkable conclusion that legal holdups to the foreclosure process could be a major drag for a Read More

By Dana Rubinstein 7/22/09 6:35pm

GM Officially Kills Lease at Citigroup Center

Thank God for bankruptcy! By declaring Chapter 11, General Motors has been allowed to officially reject its 120,000-square-foot lease at the sublimely modernist 601 Lexington Avenue (better, if formerly, known as the Citigroup Center).

Mort Zuckerman‘s Boston Properties, which owns the stunning rascacielos, revealed the news in its second quarter earnings report:

On June Read More

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Morning Roundup: Hedge Funds Traded Stocks — But Were They Insiders at the Time?

Morning Roundup: Return of the Golden Parachute

Morning Roundup: Rattner the Attacker

Morning Roundup: Cash For a Former Clunker

Morning Roundup: Obama Wants to Snuggle With a Skeptical Wall Street

Morning Roundup: Larry Summers Hasn’t Quit Yet

Morning Roundup: Great Election, Guys!

Morning Roundup: Why Doesn’t Ben Bernanke Do More ‘Countdown’ Appearances?

Morning Roundup: Possible Profit on GM Bailout

GM Officially Kills Lease at Citigroup Center

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