Pocketbook anxiety prompts enthusiasm for Obama, says Bill Daley

“The American people are frightened,” former Commerce Secretary Bill Daley said on Wednesday, as he discussed the American economy with Corbett B. Daly, Washington bureau chief for Thomson Reuters Markets.
People are concerned about income inequality and the widening wage gap, he added, and “that is driving a lot of the anxiety, and also driving in […]

Adecco’s dilemma: To bid or not to bid

Adecco, the world’s largest staffing firm, now has six weeks to either make a formal offer for British rival Michael Page or walk away and leave the company in peace for at least six months.
White-collar staffing firm Michael Page has so far rejected  informal offers from Adecco, which would value the group at 1.3 billion pounds, and […]

In for a penny…

Singapore’s Temasek made clear how bullish it is on Merrill Lynch in a Bloomberg TV interview, expressing great confidence in CEO John Thain. The news service reported that the Singapore wealth fund has U.S. clearance to raise its stake in the brokerage to as much as 14 percent. That would be worth roughly $1.7 billion […]

Corzine: Ditch hybrid structure for Fannie, Freddie

The federal government should ditch the hybrid structure of mortgage giants Fannie Mae and Freddie Mac and fully back them with taxpayer funds, said New Jersey governor Jon Corzine, former CEO of Goldman Sachs.
“I don’t think we can continue with the schizophrenic view that we have today, sort of part public company, part private company, […]

Month of Change Ends on Familiar Note

Change your direction.You ain’t gonna change it.Can’t rearrange it.Can’t stand the pain.Failing miserably to build on Thursday’s big rally, major averages tumbled into the weekend leaving some (older) traders humming a few bars of Aeros

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Obama Campaign Attacks Romney’s PE Resume

PE Hub’s Dan Primack writes:
Mitt Romney is probably just days away from being named John McCain’s running mate, and the Democrats are already taking shots based on his time running Bain Capital. During a press conference earlier today in Denver, Obama campaign manager David Plouffe referred to the former buyout kingpin as a “job killing […]

Housing Has Its Biggest Fall in a Decade. What’s in It for You?

One-third of people who bought their houses in 2003 have negative equity, and if you bought your house at the peak of the market in 2006, things look even worse. But what about everyone else? Spencer Rascoff, chief financial officer of Zillow, was my gues

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Adecco’s dilemma: To bid or not to bid

Adecco, the world’s largest staffing firm, now has six weeks to either make a formal offer for British rival Michael Page or walk away and leave the company in peace for at least six months.
White-collar staffing firm Michael Page has so far rejected  informal offers from Adecco, which would value the group at 1.3 billion pounds, and […]

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