• GM Expected to Seal Hummer Sale – $150 mil. Totally worth it. [WSJ]
• Bernanke Ready to Tighten When Recovery Sufficient – Don’t rush the man, you impatient twerps. [Bloomberg]
• FDIC questions Citi management review: report – ‘Cause, you know, they almost destroyed the WHOLE WORLD. [Reuters]
• 34 Banks Miss TARP Dividends and Almost No One Notices – AIG, CIT, and Bancorp are the top three slackers. Thanks guys. [Naked Capitalism]
• In Surprise, Nobel Peace Prize to Obama for Diplomacy – Glenn Beck’s hysterical dismissal of the legitimacy of the award in 3…2…1… [NYT]
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Preliminary Analytics | 12.22.09
• Dubai World fails to seal deal on debt talks – Even though DW is insisiting that the talks have been “constructive.” [Times Online]
• Marijuana-Reeking Tour Bus, Red Ferrari Are FDIC’s Crisis Booty – Not to mention ashtrays with dead cigarette butts. These guys will take everything. [Bloomberg]
• FBI Probes Hack at Citibank – The bank deee-nies that there was a breach so you have the less than desirable option of believing the B or the C. [WSJ]
• World Series Champs Pay Hefty Luxury Tax – Tax Girl is not a Yankee fan. [Tax Girl]
• U.K. Backs Merger of Ticketmaster and Live Nation – Somehow the Brits came to this conclusion: ‘[T]he merger will not result in a substantial lessening of competition in the market for live music ticket retailing or in any other market.’ [NYT]
Preliminary Analytics | 10.08.09
• British Regulator Objects to Ticketmaster Merger – “Ticketmaster and Live Nation said that they would cooperate with the commission and that they remained committed to the merger. They argued that the deal would be in the public interest.” [NYT]
• IBM Faces Justice Antitrust Inquiry – “The Armonk, N.Y., giant has long held a near-monopoly position in mainframes, which are large computers that can cost $1 million or more and are designed to run accounting software and databases. For decades, the company operated under terms of a 1956 consent decree with the government that required it to license mainframe technology to competitors.” [WSJ]
• US deficit ‘hits record $1.4tn’ – Records are meant to broken. [BBC]
• Promise of free money leads to scuffle between thousands in Detroit – “Several people reportedly passed out from exhaustion and had to be treated by emergency medical personnel.” [NYDN]
• Accounting’s Patron Saint – Not Arthur Andersen. [Energized Accounting]
• A Windows to Help You Forget – Review of Windows Siete. Some of you can go geek out over this. [WSJ]
Preliminary Analytics | 12.30.09
• Kansas City Fed’s Denver Branch Gives Us a Peek into the Fed’s Secret Decision-Making Process – This should explain some things. [JDA]
• Are lawsuits against CPA’s poised to spike? – “After a year of record-setting investor losses, a leading securities attorney warned that accounting firms will face a rising tide of enforcement actions and litigation in 2010, and should take steps to ensure their client relationship practices reflect recent court decisions.” [CPA Trendlines]
• Jean Stephens, CEO RSM International – The make up sex between RSM and M&P gets a little attention but alas, no mention of NG. [Web CPA]
• GMAC Set for Another Cash Infusion – According to those familiar with the sitch, GMAC is looking to get an additional $3.5 billion on top of the $12.5 bil that’s already been thrown at them. [WSJ]
• FDIC Moves to Seize Slice of Bank-Stock Rallies – “Starting next year, the Federal Deposit Insurance Corp. will ask bidders for some seized banks to offer the agency a chance to profit if the deal is well-received by the buyer’s shareholders.” If banks are going to keep failing, why not get in on this action? [WSJ]
• More ammo for the bazooka – Will the crack fiend aka the housing market score again? [Rolfe Winkler/Reuters]
• Dutch To Use Full-Body Scanners For U.S. Flights – This is one of those hindsight situations. [AP]