• AT&T makes iPhone U-turn – “Bowing to pressure from regulators and consumers, AT&T on Tuesday said that it would allow inexpensive internet phone calls to be placed through its networks from Apple’s iPhones.” New Deloitte associates rejoice. [FT]
• Support Builds for Tax Credit to Help Hiring – Seems like a good idea. [NYT]
• Jr Deputy Accountant Needs Your Help. Srsly. – Kidney…Not really. [JDA]
• SEC Says Frank’s Derivatives Plan May Leave ‘Regulatory Gaps’ – “Business reaction to Frank’s proposal suggests it lacks restrictions sought by critics who blame derivatives for speeding the downfall of American International Group Inc. and for exacerbating the credit crisis over the last 18 months.” [Bloomberg]
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Preliminary Analytics | 01.06.10
- Caleb Newquist
- January 6, 2010
• Galleon’s Rajaratnam Paid Tipster, Filing Says – Raj’s total haul is now $36 mil with the new allegations. [WSJ]
• Buffett Hits Kraft on Cadbury – You know it’s serious when the WB manages to avoid any metaphors that mention hookers, ED meds, or just copulation in general. [WSJ]
• Bad Tax Prep Is A Symptom, Not the Disease – “[C]racking down on those seasonal shysters who abuse the system is only attacking a symptom of the real disease, which is our insanely complex tax code.” [Tax Vox]
• The shortlist for worst takeover of the century – The Telegraph isn’t going to let Gerald Levin just claim this without throwing a few more options out there. [Telegraph]
• Global Financial Regulation Overhaul Seen In 2010 – Got show some results, it’s an election year and all. [Reuters via NYT]
• UBS whistleblower Bradley Birkenfeld deserves statue on Wall Street, not prison sentence – The man is a national treasure. [NYDN]
• Connecticut Sen. Christopher Dodd won’t seek reelection, will retire at end of term – New blood! [WaPo]
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Preliminary Analytics | 10.19.09
- Caleb Newquist
- October 19, 2009
• U.S. Said to Target Wave of Insider-Trading Cases After Galleon – “Investigators developed at least one informant in the ring, who began meeting in November 2007 with agents from the Federal Bureau of Investigation, according to charging documents.” Feel free to speculate who’s next. The SEC is taking no prisoners apparently. [Bloomberg]
• Armageddon in Alabama Proves Parable for Local U.S. Governments – “One target of [citizens’] anger is Larry P. Langford, who was the county commission’s president in 2003 and 2004 and is now mayor of Birmingham. The 61-year-old Democrat goes on trial today, charged in a November 2008 federal indictment with taking cash, Rolex watches and designer clothes in exchange for helping to steer $7.1 million in fees to an Alabama investment banker as the county refinanced its sewer debt.” [Bloomberg]
• Family Squabbles in Hyatt IPO – Family squabbles may “disrupt our business” according to the latest SEC filings. Nothing like family spite to disrupt the expansion of the fortune. [WSJ]
• CME in informal talks to take over CBOE: report – “Informal talks” could really mean anything including that they had the chat over prime rib buffet and lap dances. [Reuters]
• For N.B.A. Owners, Background Checks Go Deep – “The [NBA’s] investigation [of Mikhail D. Prokhorov] is expected to tap into Russian police, military, diplomatic and intelligence sources, some from the former K.G.B., as well as his partners, competitors and customers.” [DealBook]
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Preliminary Analytics | 09.03.09
- Caleb Newquist
- September 3, 2009
• Treasury Retreats From Standoff With TARP Watchdog – “Neil Barofsky, special inspector general for the Troubled Asset Relief Program, a position also known as Sigtarp, declared victory Wednesday in his effort to clarify that he doesn’t answer to Treasury Secretary Timothy Geithner.” [WSJ]
• Oracle Faces In-Depth EU Probe Over Sun Purchase – Larry Ellison will not stand this aggression. [Bloomberg]
• Will AIG Rein In Its Brash CEO? – “Mr. Benmosche said New York Attorney General Andrew Cuomo ‘doesn’t deserve to be in government’ and that Mr. Benmosche would leave dealing with ‘all those crazies down in Washington’ to the company’s chairman, according to an account by Bloomberg News that was confirmed by Mr. Benmosche.” For the sake of the rest of us, let the man say his piece. [WSJ]
• Stanford Has Surgery; Receiver Defends $27 Million Fee – “Jailed fraud defendant R. Allen Stanford had surgery for an aneurysm in his leg Wednesday morning and was back in a Conroe-area prison before noon.” Recovery time for a stud such as Stan is not nearly as long for you mortals. Meanwhile, the receiver in the case is telling the SEC to BTFO. [Houston Chronicle]
• Stanford’s Bellagio debt, redux – Stan’s attorney suggests that if the Bellagio wants its money it should go after the aforementioned receiver, Ralph Janvey. Old school style of course, ‘Maybe the Bellagio should revert to the time-honored method of Vegas debt collection and send someone to make the receiver an offer he can’t refuse, or just break his legs,’ or may we suggest a hammer? [FT Alphaville]