Word: cnbc
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...whether it's journalism, literature or another art form - is how much money it makes, clearly that's bad. I'm not just entitled but obliged to voice that. Otherwise, we'll raise a generation of nihilists. TIME: And beyond Hollywood? Malkovich: On Sept. 11, I turned on CNBC and unless I was dreaming - and I'm sure I wasn't - between the first and second plane they were already talking about what would happen to hedge funds. When I was growing up, it was forbidden to talk about money or success. That's the country I was raised...
...lineup; a new book, How Companies Lie, promises to help investors see through the smoke and break the mirrors of corporate accounting. People say they have stopped investing and play poker instead; it's a safer bet. The Wall Street Journal profiles the barber who has given up on cnbc and now takes longer walks with his wife because he knows he has to stay in shape--he'll be working more years than he had thought. Fully one-third of Americans between 50 and 64 said they had decided to delay their retirement because their assets had shrunk...
...lineup; a new book, How Companies Lie, promises to help investors see through the smoke and break the mirrors of corporate accounting. People say they have stopped investing and play poker instead; it's a safer bet. The Wall Street Journal profiles the barber who has given up on CNBC and now takes longer walks with his wife because he knows he has to stay in shape-he'll be working more years than he had thought. Fully one-third of Americans between 50 and 64 said they had decided to delay their retirement because their assets had shrunk...
...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...