Word: cnbc
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...covering the stocks of companies like WorldCom that send billions of dollars in investment-banking business to Salomon. He was so tied in at WorldCom that for a time he even advised Ebbers on takeover strategy. Grubman typically avoids the press. Last week a camera crew from financial channel CNBC tracked him down near his New York City residence and tried to interview him on the fly--evoking images of paparazzi stalking a movie star. "Nobody saw this coming," Grubman said, denying that his downgrade of WorldCom's stock to "underperform" the day before the firm restated earnings had anything...
Most stocks that CNBC anchor Maria Bartiromo mentioned in a positive way on her Midday Call program in early 2000 had started moving up sharply about 10 minutes before her report, while stocks she mentioned in a negative way had moved down, according to a new study by Jeffrey Busse and Clifton Green, finance professors at Emory University's Goizueta Business School. The study supports the notion that Wall Streeters have fed Bartiromo market-moving information and traded before she aired it. In his book Trading with the Enemy, Nicholas Maier alleges that his former boss, trader and pundit...
...accounting firm KPMG, which is under SEC investigation for its audits of Xerox. The accounting firm was Pitt's legal client for years, and the meeting prompted the Wall Street Journal and the Financial Times to run editorials saying Pitt may have to go. In an interview on CNBC last Friday, Pitt called his critics "misguided" and said, "I will serve as long as the President has confidence...
...mutual-fund managers, some of whom just can't seem to beat the S&P 500 with our retirement money no matter how hard they try, and hire brokers to throw us the occasional bone. We subscribe to Investor's Business Daily and watch CNBC. All in the hopes that we'll make some money...
...there's one conflict of interest that the SEC will never get at: Everybody on Wall Street benefits when the markets go up. Deals get bigger. Commissions get fatter. Decisions get easier - just run with the bulls - and CNBC anchors' smiles get wider, because the more people making money in the market, the more viewers tuning in to hear what the analysts, economists, CEOs and Warren Buffett think is the best place to put your chips...