Displaying all articles tagged:

Blackrock

  1. Hedge Funds to Analysts: Wink Once for Buy, Twice for SellFront-running for fun and profit!
  2. Wall Street Is Already Psyched About Making Money Off of EgyptThere are business opportunities there and that’s what this revolution shows.”
  3. BlackRock Employee’s Wedding Cake Was Shaped Like a Bloomberg TerminalTalk about bringing your work home with you.
  4. Larry Fink Is a Real Human Being With Feelings and EmotionsJust because he runs a firm with a market cap of $40 billion doesn’t mean he’s just an automaton.
  5. Stuyvesant Town Tenants Again Considering Making Offer for ComplexThis could be complicated.
  6. Tishman Speyer and BlackRock Give Stuyvesant Town and Peter Cooper Village to CreditorsRather than face a painful and protracted foreclosure, the two companies have given up the massive apartment complex.
  7. Stuy Town Debt Holders Give Tishman Speyer and BlackRock Ten Days to PayThis means foreclosure will likely come sooner rather than later.
  8. Stuyvesant Town Owners DefaultThis was not a surprise.
  9. Court Rules Against Stuyvesant Town Owners in Tenant LawsuitThey were judged to have improperly deregulated rent-stabilized apartments.
  10. WSJ: T Minus Four Months Until Stuyvesant Town DefaultsSources tell the paper that, at maximum, the investment group headed by Tishman Speyer and BlackRock has until February before they run out of cash to service their debt on the massive property.
  11. Michael Phelps Is Gold for NBCPlus, lawyers make criminals sing (to ‘Don Giovanni’), another spectacular apartment you can’t afford hits the market, and more, in our daily industry roundup.
  12. Jonathan Franzen’s Latest (Unsurprising) Target Is Michiko Kakutani’Vanity Fair’ fights back over the Miley Cyrus pictures, Stuyvesant Town has a square dance, and more, in our daily industry roundup.
  13. Wall Street’s Golden Idols All Have Feet of ClayFINANCE • The struggle to find a successor at Merrill and Citi demonstrates another big flaw in the current culture of Wall Street: Do-or-die standards, and growing demands on public executives, have left firms with no succession plan and few capable of stepping in to take over. Both firms have been forced to turn outside for help: Laurence Fink, the CEO of BlackRock, has been approached about O’Neal’s old job, while Robert Willumstad and John Thain are in the lead to take Prince’s place. [WSJ] • Why did Chuck Prince and Stan O’Neal fail? They took Gordon Gecko’s favorite maxim—”I create nothing, I own”—a little too seriously, and forgot the other part of banking is to sell, sell, sell. [NYT] • Andrew Ross Sorkin dons his Miss Manners cap to explain the rules of corporate courting—and why Stan O’Neal’s worrywart parents, the Merrill Lynch board, were only looking for an excuse when they grounded him for asking Wachovia to “merge.” [NYT]