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...thickened considerably when a mysterious character got in touch with Paris-Journal, a newspaper that was offering a reward for information about the crime. Soon the man showed up at the newspaper's offices with a small statue, one of several that he claimed to have stolen four years earlier from the Louvre. The anonymous thief turned out to be a bisexual con man named Honoré Joseph Géry Pieret. He had once served as "secretary," and perhaps other roles, for Guillaume Apollinaire, the poet and art-world polemicist who was Picasso's constant supporter in the public skirmishes over...
Picasso, who at 29 had just begun the transition from bohemia to the haute bourgeoisie, was terrified. He was a foreigner in France; any serious trouble with the law could get him deported. And this could have gotten serious, because the accusation was true. Four years earlier, he had bought from Pieret two of the pilfered sculptures, Roman-era Iberian heads whose thick features and wide eyes he would introduce into the great painting he was then just about to embark upon, Les Demoiselles d'Avignon. Though he would deny it in court, he almost certainly knew at the time...
...work out where swine flu will turn up next, the movement of markets Monday was far more predictable. With cases of the new H1N1 virus confirmed from Mexico to Spain - and tests on possible cases underway from New Zealand to Britain - investors battled their own nerves. Recovering slightly from earlier losses, Britain's FTSE 100 index of leading shares was down just under 1% in early afternoon trading. Indices in France and Germany, likewise up on their earlier lows Monday, were nonetheless subdued amid the global jitters triggered by the spread of the flu virus. Earlier, shares in Hong Kong...
...Gannett (GCI) is the largest newspaper company in the U.S. which makes it the subject of constant speculation and financial media interest. Its short interest as of April 15 was 63.8 million shares, down 7% from two weeks earlier. The company has a very high 28% of its float sold short, which is equivalent to six trading days of volume based on the current daily average. As concerns about the fate of the newspaper industry mounted, Gannett's shares plunged from over $9 in mid-January to $1.85 in mid-March. Two weeks ago, Ariel Investments announced that...
...stock began the trading year at $.12 and fell to $.05 in early February on concerns that it might fold. Since then, the shares are up over 8x to $.43. There were almost 167 million shares sold short in Sirius as of April 15, down 8% from two weeks earlier, but it would take six days of trading at average volume to cover that short interest so there is still a lot of money wagering that the stock will drop...