The Facebook IPO keeps growing, a new source of irony in JPMorgan’s losses and an old player heads goes in for a fresh helping of mortgage bonds. That and more in today’s Wall Street roundup.
Who needs revenue? The world’s largest social network may yet challenge the record for the world’s largest IPO, as Zuck Read More
Ed Whitacre, who has led General Motors to a vastly new era or optimism and profit, shocked the business world today when he announced that he’s stepping down in a few weeks. His replacement will be a relatively anonymous director named Dan Akerson, currently at the strange and omnipotent Carlyle Group. As everyone Read More
You know what they say about the best-laid schemes o’ mice and men? It turns out the benighted General Motors Corporation may keep its New York headquarters at the eponymous GM Building after all.
GM is in negotiations with Mort Zuckerman and Ed Linde’s Boston Properties to renew its lease at the GM Building at Read More
The bankruptcy of General Motors could have some unexpected repercussions for Mort Zuckerman‘s Boston Properties, the publicly traded real estate investment firm that owns 48.5 million square feet of office space, including the GM Building (the auto manufacturer’s New York headquarters) across from the Plaza Hotel.
General Motors’ lease for 101,000 square Read More
New York Post: Supple, pretty, carefully photographed flesh: Where would tabloid covers be without it? And for today’s New York Post we have Gisele Bundchen to thank, and Vanity Fair, which presumably allowed the Post to use one of the fleshier images from the magazine’s photo spread on the Brazilian newlywed to promote its piece Read More
The power of the American Presidency to move the environmental agenda was never more apparent than during President Obama’s recent directive to EPA to reconsider California’s request to set tighter air emission and fuel efficiency standards. Under the Clean Air Act, California has long had the authority to exceed federal standards and typically it has Read More