• SEC, CFTC Mull Joint Enforcement Squad: Sources – “U.S. securities and futures regulators are considering a joint enforcement squad to investigate and root out fraud in the markets, two sources familiar with the matter said on Thursday.” All together now: FRAUD SQUAD. [Reuters via NYT]
• Suspicions Arise After Balloon Boy Found Safe – We’re saturated by the coverage already. [NPR]
• Obama wins first financial reform victory in months – Derivatives are no match for a debatable Nobel Peace Prize recipient. [Reuters]
• Justice Agency Resists Music Merger – “The Ticketmaster-Live Nation deal is widely regarded as a bellwether of the department’s attitude toward such potential deals as Comcast Corp.’s proposal to take a majority stake in General Electric Co.’s NBC Universal. Like the proposed Ticketmaster-Live Nation alliance, a Comcast-NBC deal would represent ‘vertical integration,’ in which several links in the chain between producer and consumer are controlled by a single entity.” [WSJ]
• On the Calendar: What Every Auditor Should Know About Litigation – Jim Peterson will be at Baruch College on Dec. 2 for Corporate Integrity’s 4th Annual Audit Conference, “Ensuring Integrity.” Check it out. [Re: The Balance]
Related Posts
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 | 11.12.09
• Costco CFO: Fingers crossed consumers will spend – Sounds like a winning strategy. [Reuters]
• Wall Street Faces ‘Live Ammo’ as Congress Aims to Unravel Banks – The bank lobby is finally a little concerned that this break up of TBTF is for real… [Bloomberg]
• The Kanjorski “We’re Tough on TBTF” Headfake – …or maybe they’re just playing along. [Naked Capitalism]
• White House Aims to Cut Deficit With TARP Cash – Not only that, there’s talk of, GASP, tax reform: “[Office of Management and Budget] is also reviewing a host of tax changes. The President’s Economic Recovery Advisory Board will submit tax-policy options by Dec. 5, including simplifying the tax code and revamping the corporate tax code.” [WSJ]
• G.E. Sells Security Unit for $1.8 Billion – The industrial conglomerate is a little less conglomerate-y, saying the fire alarm and security unit is a “noncore” business. [DealBook]
Preliminary Analytics | 11.09.09
• I’m doing ‘God’s work’. Meet Mr Goldman Sachs – Hey! Us too! [Times Online]
• Bear Stearns Casualty Earns $1.6 Million at Poker World Series – Steven Begleiter was a 24 year vet at Bear Stearns who sat on the bank’s management and compensation committees. [Bloomberg]
• Health Bill Faces Senate Heat – “If the public option plan is in there, as a matter of conscience, I will not allow this bill to come to a final vote,” Sen. Joe Lieberman (I., Conn.) said on Fox News Sunday. With the passage of the House bill, Congress moved closer than ever to providing Americans with near-universal health insurance” [WSJ]
• Kraft Makes $16.3 Billion Hostile Bid for Cadbury – Kraft is done playing. They want confections and they want them now. [NYT]
• Bad credit card debts ‘will soar’ – “Bad credit card debts may reach as much as 9% of all outstanding balances by the end of next year,” according to PwC. [BBC]
• Don’t forget to submit your caption on the Feed the Pig at the NYC Marathon caption contest!