Bruce Berkowitz

Bruce Berkowitz – 1992 Interview with OID When He Was Neck Deep in Troubled Wells Fargo (Sound Familiar?)

Meredith Whitney, who has been notoriously bearish on the banks in the past, is singing a different tune this morning. Whitney, of Meredith Whitney Advisory Group, said that Bank of America Corp. (NYSE: BAC) does not have to raise capital immediately. In comments captured by Bloomberg, Whitney...

General Growth Properties Inc. (NYSE: GGP), the country's second largest shopping-mall owner is plunging today after it reported lower than expected earnings, as well as plans for a spin off of 30 properties. The Chicago-based real estate investment trust reported core funds from operations (FFO)...

Bruce Berkowitz, founder of Fairholme Capital Management LLC and chairman of controversial Florida real estate company St. Joe Co., appeared on Bloomberg TV early this morning to discuss the SEC's formal investigation of him and St. Joe. Berkowitz said he voluntarily issued the 8K disclosure on St...

The St. Joe Company (NYSE: JOE) is plunging today, down more than 7% after the company disclosed that the SEC has started a formal investigation of the company, as well as chairman Bruce Berkowitz's Fairholme Capital. The SEC is looking into whether the company on a variety of issues. The issues...

Bruce Berkowitz is at the Morningstar Investment Conference and he is talking about the reason he bought St. Joe's (NYSE: JOE). According to Charles Rotblut, who is at the conference, Berkowitz bought St. Joes "because he grew up in a one-bedroom apt and he wanted a backyard." Shares of St. Joe'...

This morning, AIG (NYSE: AIG) and the U.S. Treasury announced that they would be going ahead with the "re-IPO" of AIG, and sell a combined 300 million shares of the embattled insurer back to the public. With AIG's share slide since the beginning of the year, is a $9 billion offering in the best...

The St. Joe Company (NYSE: JOE) announced that its CFO William S. McCalmont has agreed to the leave the company. The company is also parting ways with other senior management, as Bruce Berkowitz continues to reshape the company's management after he won control of the board. It's interesting to...

It looks like Bruce Berkowitz is starting to make some serious headway with his position in The St. Joe Company (NYSE: JOE). Britt Greene, the company's President and CEO has resigned effectively this week, and has also resigned from from the Company's Board of Directors, effectively immediately....

CNBC's Mary Thompson is reporting that St. Joe Company (NYSE: JOE) is responding back to Bruce Berkowitz, who resigned from the board earlier this week. The company is saying that Fairholme and Berkowitz wants to control the company, it should just buy the the company and pay all shareholders a...