Description: KPMG resigned Tuesday as the auditor of Herbalife and Skechers after the partner in charge of the accounting firm’s Los Angeles audit practice was alleged to have engaged in insider trading.
Source: Marketwatch.com
Date: Apr 09, 2013
Link: http://www.marketwatch.com/story/kpmg-steps-down-as-herbalife-auditor-2013-04-09?siteid=nwtwk
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Description: The Internet currency, Bitcoin has seen an uptick recently as more people look to the virtual currency as a way to get rich.
Source: CNNMoney.com – video report
Date: Apr 04, 2013
Link: http://money.cnn.com/video/news/2013/04/04/n-cmr-bitcoin-explainer-velshi.cnnmoney/
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Description: People in developing countries worldwide will continue to have access to low-cost copycat versions of drugs for diseases like H.I.V. and cancer, at least for a while.
Source: NYTimes.com
Date: Apr 01, 2013
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Description: Analysts explain gold’s plunge, offer a long-term outlook and advice
Source: Marketwatch.com – video report
Date: Apr 05, 2013
Link: http://www.marketwatch.com/story/why-gold-fell-this-week-and-what-to-do-next-2013-04-05
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Description: There are all sorts of new things in the aisles for small kitchen appliances these days, such as men. Not so long ago, small kitchen appliances were confined to a few main items such as toasters. Now, after a decade of kitchen-gadget makers adding high-tech features and with consumer spending recovering from the recession, chains including Macy’s Inc. (M) (M) and Williams-Sonoma Inc. (WSM) are selling scores of specialty appliances from two-stage juicers and food dehydrators to high-tech teapots and baby-food making systems.
Source: Bloomberg.com
Date: Apr 04, 2013
Questions for Discussions:
Description: Jim Klinge sighed as he made his way through a foreclosed home littered with empty bottles of rum and mattresses. It was 2008, and Klinge, a real estate agent, was filming a YouTube (GOOG) video for his blog documenting the housing crash in the cul-de-sacs and condos north of San Diego. As he opened a closet, daylight illuminated walls splattered with black mold spores, like a tie-dye project gone awry. “Oh, lovely,” Klinge said. “People were living in here like this, looks like. They were lucky to make it out alive.”
Source: Businessweek.com
Date: Apr 04, 2013
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Description: With all major indices up about 10% so far this year, investors are optimistic that 2013 will be a robust year for the economy.
Source: CNNMoney.com – video report
Date: Mar 29, 2013
Link: http://money.cnn.com/video/investing/2013/03/29/news-markets-q1.cnnmoney/
Questions for Discussions:
Description: End of an era? Bond portfolios, investor hopes show wear and tear
Source: Marketwatch.com – video report
Date: Mar 29, 2013
Link: http://www.marketwatch.com/story/why-bond-funds-and-etfs-are-breaking-bad-2013-03-29
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Description: Dell Inc. (DELL) today filed a proxy statement, detailing the process leading up its its $24.4 billion buyout proposal from CEO Michael Dell and private equity firm Silver Lake Partners. The proxy also includes details from the company’s recent “go-shop” period, which resulted in nonbinding indications of interest from The Blackstone Group (BX) and Carl Icahn. The entire package is 274 pages long, and certainly would make a good Friday night read if you’re an M&A junkie (or, more specifically, a lonely M&A junkie). For the rest of you, here is a breakdown of the more interesting cuts:
Source: Fortune.com
Date: Mar 29, 2013
Questions for Discussions:
Description: Data point No. 1: Banks are back to hawking complex derivatives that magnify bets on corporate debt. Data point No. 2: For the first time since the financial crisis, JPMorgan Chase (JPM) is set to resume selling securities tied to home loans that aren’t backed by the government. Add a third development—the feverish revival of the U.S. housing market, with new home sales surging to levels not seen since August 2008—and a meltdown-minded observer could reasonably get to thinking, Here we go again.
Source: Businessweek.com
Date: Mar 28, 2013
Questions for Discussions:
