Word: cantore
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...Cantor Fitzgerald has plenty of experience dealing with crisis. Perhaps that's why the firm, which is best known for bond trading and looked like it wouldn't survive after suffering devastating losses on Sept. 11th, is weathering the recent financial turmoil better than most. Cantor is hiring and expanding into new businesses at a time when many of its larger rivals are struggling to keep their doors open...
...businesses it plans to launch soon is a futures exchange where traders can bet on the box-office success of movies. It will never be one of Cantor's biggest businesses, but it offers a lot of symbolism. The firm gained regulatory approval for the exchange a week before the Sept. 11 attack on the World Trade Center that killed 638 Cantor employees, which was headquartered on the top floors of the north tower. Cantor had to scrap the movie exchange shortly after the attack. But the firm's executives never let the idea go. A little more than...
...financial crisis is a great opportunity to build out our franchise," says Shawn Matthews, the chief executive of Cantor Fitzgerald & Co., the firm's investment banking subsidiary. "The dislocation in the financial markets has caused others to take the eye off the ball, allowing us to gain market share." The parent company is still headed by Howard Lutnick, who is the CEO of Cantor and chairman of a publicly traded subsidiary BGC Partners, which is 40% owned by Cantor. Lutnick was famously taking his son to his first day of kindergarten on September 11 and not in Cantor's offices...
...Republicans latched on to the gap between Obama's budget request and the Democratic caucus' counteroffer as evidence that Obama's budget is "so far out of the mainstream" that even members of his own party won't support it, said Representative Eric Cantor, the No. 2 Republican in the House. Almost all Republicans in both chambers oppose the budget, though there are a few moderates still making up their minds. "I intend to listen, and I intend to be willing to think about things," Senator Arlen Specter, a Pennsylvania Republican, told reporters on Wednesday...
...piece speeches; Ronald Reagan just the opposite. Barack Obama has now demonstrated an ability to synthesize those two. On the day before his budget speech, the President was positively Clintonesque, interacting easily with a gang of high-powered political and business leaders at his entitlement summit, alternately ribbing Eric Cantor, the House Republican, about GOP intransigence, then wonking out on defense procurement policy with Senators Susan Collins and John McCain. (See the top 10 Bushisms...