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Friday, October 19, 2012 - 4:00pm
Einhorn Wins Big on Chipotle Short
Shares of Chipotle (NYSE: CMG) traded sharply lower on Friday, falling over 15 percent to trade at a new 52-week low near $241 per share. The popular burrito-maker reported earnings Thursday afternoon that evidently disappointed investors. Earnings came in just slightly lower than expected at $2....
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Monday, October 1, 2012 - 6:55am
Barron's Recap (9/29/12): Time to Buy Goldman
This past weekend in Barron's online: why Goldman Sachs has held up better than its competitors, the prospects for Trinity Biotech, Steelcase and the Kraft Foods spinoff, and what it means to be a leader of philanthropic causes today. Cover Story "Built to Win" by Michael Santoli. In the...
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Sunday, May 20, 2012 - 9:53am
Barron's Recap (5/19/12): Dalio's World and the Einhorn EffectThis weekend in Barron's online: Hedge-fund manager Ray Dalio's thoughts on the troubles in Europe, the effect of comments made by David Einhorn, and the consequences of the Facebook IPO flop. Cover Story "Ray Dalio's World" by Sandra Ward. Ray Dalio, fabled hedge-fund manager, is the head of...
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David Einhorn Strikes Down Herbalife - For Now
Thursday, May 3, 2012 - 1:43pmQuestions posed on an earnings conference call with Herbalife's (NYSE: HLF) management by famous value investor and noted short-seller David Einhorn have spooked HLF shareholders in a major way. The stock is in free-fall for a third straight day on Thursday, and the one-time high-flier is now down...
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JP Morgan to Pay $20 Million in Lehman Case
Wednesday, April 4, 2012 - 11:38amIt was revealed on Wednesday that JP Morgan Chase has agreed to pay a fine of $20 million following allegations that the bank mishandled Lehman Brothers funds over 22 months until the broker filed for bankruptcy. According to the Financial Times, the Commodity Futures Trading Commission alleged...
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Lehman Bankruptcy Ended
Tuesday, March 6, 2012 - 2:06pmIt was revealed on Tuesday that Lehman Brothers Holding's $639 billion bankruptcy, a U.S. record, has ended. The company is clear from April 17 to begin the process of distributing approximately $65 billion to creditors. According to Reuters, Lehman expects the first group of payments to total at...
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Lehman Brothers Ready for a Fight with Geithner
Friday, February 17, 2012 - 2:23pmLehman Brothers Holdings and its creditors said late on Thursday that between them they intend to subpoena Treasury Secretary Timothy Geithner. Theyb wish to question Geithner under oath over allegations that J.P. Morgan (NYSE: JPM) illegally took billions of dollars from the doomed investment bank...
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Monday, December 26, 2011 - 9:39pm
Fannie and Freddie FantasiesAn important but fundamentally flawed debate about Fannie and Freddie's role in the ongoing crisis has raged since the SEC sued the former senior managers of both entities for securities fraud. The Wall Street Journal and Peter Wallison (in the WSJ) have claimed that the suit vindicates their...
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Monday, September 12, 2011 - 3:12pm
Why Is Gold So Weak Today?Normally when stocks are getting crushed, as they are today, gold is a safe haven. Right now, however, gold is plunging, down another $50 an ounce today, hovering just above $1,800 an ounce. This begs the question - why? There are two schools of thought on this. One is that investors are...
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Thursday, July 7, 2011 - 5:26pm
Where Is the Justice? Another Slap on the Wrist for J.P. MorganFor the second time in the past month, J.P. Morgan (NYSE: JPM) has reached a settlement with the Justice Department and Securites and Exchange Commission for “alleged” misconduct. Notice the quotes around “alleged.” In the first settlement, and perhaps the most unjust, J.P. Morgan agreed to pay $...
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