Berkowitz’s Fairholme Out of Sears Financing Deal
A 13D filing by Bruce Berkowitz and Fairholme Capital yesterday reveals their withdrawal from the deal to finance $400 million … Read more
Saul Griffith
Coal Is No Longer A Gold Mine
Just a couple of years ago, Peabody Energy Corporation (NYSE:BTU) named an asking price of over $500 million for the … Read more
FSOC – Bubbles And Meltdowns: Thought You Were Safe?
Last week the Government Accountability Office (GAO) took aim at the Financial Stability Oversight Council (FSOC), the regulatory watchdog assigned … Read more
Is Corporate America’s Buyback Binge Nearing Its End?
Buybacks by US companies have been in the news for all the wrong reasons lately. The aggressive share repurchase spree … Read more
IBM Offers Cloud Services To Enterprises Across China
Leading cloud companies are moving fast to capture a share of the cloud computing business in China. International Business Machines … Read more
Warren Buffett’s Plug For Detroit, General Motors
Never mind that with a twinkle in his eye, the legendary investor added a rider: “…at your cost price.” Dan … Read more
Fed: Stocks And Real Estate Boost Household Net Worth (For The Rich) In Q2
The Fed’s latest statistical release on Financial Accounts of the United States observes that the aggregate net worth of households … Read more
Bruce Berkowitz Lends A Shoulder To Sears Holdings Corp (SHLD)
Recent notes from Fitch Ratings and Credit Suisse analyst Gary Balter underscored troubled retailer Sears Holdings Corp (NASDAQ:SHLD)’s precarious cash … Read more
Why Luxury Companies Should Follow Tectonic Urbanization Trends
According to McKinsey, by 2025, roughly $250 billion of GDP will be concentrated across only 60 mega-cities – that’s a … Read more
A Puzzling Anomaly: Rising PMI In The EU/US, Falling Asian Exports
Hitherto, an uptick in manufacturing activity (captured by Purchasing Manager Indices) in developed markets such as the EU and the … Read more
Deutsche Bank On Global Bubbles: The Music Could Stop At Bonds
A toxic mix of central bank intervention, ultra-low inflation and yields and historically high sovereign debt has spawned a bubble … Read more
Another Chinese ‘Wealth Management’ Product Bites The Dust
A Reuters report last week said China’s Evergrowing Bank may have to make good on guarantees it issued on a … Read more
Peter Drucker’s Prescient Vision of Technology
A recent Mckinsey publication carries an article written by Peter F Drucker in 1967. Titled ‘The manager and the moron,’ … Read more
Bank M&A Activity And IPOs Tick Higher In 2014
Royal Bank of Scotland Group plc (ADR) (NYSE:RBS) (LON:RBS) has said it will sell 140 million shares in its US banking … Read more
Concentrated Investments Run The Risk Of Business Destruction
The Agony and The Ecstasy, a study of the risks and rewards of concentrated investing by Michael Cembalest, Chairman of … Read more
