By Patrick Clark 10/19/12 8:32am

Morning Read

Black Monday Crash, 25 Years Later; Pay Realist Gorman Likely to Lose Shares on Missed Targets: Roundup

Twenty-five years after the Black Monday stock market crash of 1987, the potential for a catastrophic plunge remains, says Bloomberg. The Wall Street Journal looks back at the articles it published on the week of Oct. 19, 1987.

It seems the Times has also seen a “bootleg” copy of Greg Smith’s Why I Left Goldman Sachs, and its take is in line with what we’ve read of the book so far: “Long on Mr. Smith’s reminiscences of the pleasures of the job—handmade suits, sashimi at 30,000 feet, strawberries at Wimbledon—the former Goldman salesman’s book does not break much new ground on illegal or questionable financial practices at the firm.” Read More

By Patrick Clark 10/08/12 7:05pm

uncharted waters

libertad

New York Hedge Fund Awaits Decision From Ghanaian Court on Argentinean Naval Vessel

A lot of people will be watching Ghana’s Supreme Court tomorrow, which is not something that can be said everyday. Then again, it’s neither a common occurrence for a hedge fund to impound a sailing vessel used for training by a sovereign navy.

That’s what happened last week when an affiliate of Paul Singer’s hedge fund Elliott Associates asked the Ghanaian government to prevent the ARA Libertad, a tall ship owned by Argentina,from leaving the port of Tema. The cause of that bizarre action? NML Capital, the Elliott affiliate, wants the South American nation to make good on bonds issued before its $95 billion default in 2001. Read More

By Jason Horowitz 6/08/07 4:37pm

Rudy’s Second-Quarter Push

Rudy Giuliani is looking to boost his second-quarter fund-raising numbers with a dinner for donors at the Sheraton on June 20, according to a one of the campaign's top contributors.

The minimum ticket for the event is $1,000, and Rudy's key backers are pitching the event as a "great time to impact Rudy's 2nd quarter Read More