RECENTLY

Tips?

Got something to share? Email tips@cityfile.com


RSS
Rss_redDailyfile RSS feed

Email

Click here to have Dailyfile posts delivered to you once a day by email.

DAILYFILE
Tagged: T. Boone Pickens

One Year Older

141067

Happy Birthday | Naomi Campbell turns 39 today. Actress Ginnifer Goodwin is turning 31. Billionaire oilman T. Boone Pickens is 81. Real estate developer Joseph Sitt is 45. Society dermatologist Lisa Airan is turning 44. Artist Ghada Amer turns 46. Former CNN anchor Bernard Shaw is 69. Alison Eastwood, the actress and daughter of Clint, is turning 37. British tabloid staple, Katie Price, is turning 31. And America's Next Top Model: Cycle 7 winner Caridee English is 24 today. Weekend birthdays after the jump.More

Wall Street

Wells Takes a Loss, Steve Schwarzman Dreams On

• Wells Fargo reported a $2.55 billion loss for the fourth quarter; it also said recently acquired Wachovia lost $11 billion during the period. [BN, WSJ]
Steve Schwarzman says it's a "wonderful time" for the industry, despite the fact his net worth has dropped by $7 billion in recent months. [BN]
Andrew Cuomo has subpoenaed former Merrill chief John Thain. [WSJ]
• Wall Street bonuses dropped 44% in 2008. [BN]
• Bank of America's board of directors is now feeling the heat. [NYT]
• It was Tim Geithner who convinced Citi to scrap plans to buy a new jet. [FT]
• Lunch with T. Boone Pickens: now up for auction on Ebay. [DB]

Wall Street

New Partners at Goldman, Hit to Hedge Funds

♦  Better news from abroad today: global stocks rebounded overnight, with shares in Hong Kong climbing more than 14 percent. [CNNMoney]
♦  Goldman Sachs will name its new partners today; it's expected to be the smallest such group in the firm's history. [Telegraph, Clusterstock]
♦  The average hedge fund was down 8.4 percent in October. Layoffs in the industry are mounting: Glenn Dubin's Highbridge Capital is the latest fund to announce cuts, trimming 10 percent of the company's staff. [NYP]
♦ 
Barclays is seeking to raise $10 billion from Russian banks. [WSJ]
♦  Fidelity may lay off 4,000 employees. [Boston Globe]More

Finance

Street Talk: Bailout Skepticism

  Treasury Secretary Hank Paulson and Federal Reserve chair Ben Bernanke's visit to Washington did little to reassure lawmakers, who were almost uniformly critical of the government's proposed $700 billion bailout. [NYT, WSJ, WSJ]
  By the way, how much is $700 billion? Slate runs the numbers. [Slate]
The FBI is now involved in the meltdown. The agency has opened preliminary investigations into possible fraud at Fannie Mae and Freddie Mac, Lehman Brothers and AIG. [NYT, WSJ]
Warren Buffett's $5 billion investment in Goldman is viewed as a strong sign of confidence. And Goldman's stock is way up, not surprisingly. [NYT]
Three top Lehman execs including Dick Fuld sold shares after Lehman filed for bankruptcy, with Fuld selling 3.17 million shares at an average of 21 cents a share. [WSJ]More