Barack Obama’s economic team revealed some details of his tax plan today: As expected, it includes a bump in capital gains rates and payroll taxes for the top 1% of households. For his part, John McCain is talking tough about an “
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Finally, some good news! My guest Tom Brown, a former top bank analyst, who now runs hedge-fund firm Second Curve Capital, argues that financial stocks bottomed in July. The banks have enough capital, Brown says, and core earnings potential remains intact
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The most famous stock analyst in America, Oppenheimer’s Meredith Whitney, remains violently bearish about financial stocks. Our guest, Tom Brown of Second Curve Capital and Bankstocks.com, thinks she’s already missed the boat. Bank stocks bottomed on July
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Old China hands have maintained for years that the country’s economy would stay strong through the Olympics. Well, now the Olympics are almost done, the stock market has crashed, and inflation is out of control. So is this the end?My guest Philip Pan, for
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Cablevision has a new(ish) big stakeholder and things could get interesting as it is activist investor Harbinger Capital. According to a regulatory filing Harbinger now owns a combined 11 million shares in Cablevision through two funds as of June 30th, making it the 5th largest external stakeholder in the New York cable operator.
Harbinger, lest we forget, has […]
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Hedge fund Harbinger Capital Partners may be trying to raise its stake in Cleveland Cliffs Inc, but the iron-ore company has some protection in its home state of Ohio.
Cleveland Cliffs lacks many of the typical corporate takeover defenses, such as a poison pill or a staggered board of directors.
But since it is incorporated […]
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Biotechnology company ImClone Systems Inc finally hired its defense team, bringing in JP Morgan Chase & Co to help it weigh an unsolicited takeover offer from Bristol-Myers Squibb Co, as well as a possible plan to separate into two companies.
ImClone called Bristol’s offer, which values ImClone at $5.2 billion, too low, but said it would […]
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Many China-watchers assume the country’s adoption of free-market capitalism will inevitably lead to political and social change. But that’s wishful thinking, says my guest Philip Pan, the Washington Post’s former Beijing bureau chief, and a fellow a
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