Barclays in Talks to Buy Lehman AssetsThe British investment bank, which walked away from a deal to buy portions of Lehman last Sunday, is apparently still sniffing around.
ByJessica Pressler
it happened today
Bloody MondayNo matter what happens next, today was a day that will be remembered.
Why Do Weather Reporters Need to Stand IN a Hurricane to Report on It?Do we really need Anderson Cooper, Katie Couric, and Brian Williams in Louisiana when they could cover the hurricane and the RNC at the same time? Plus, all your daily finance, real estate, law, and media news.
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Lehman Continues Staff Cuts1,500 more jobs were eliminated at the bank this week. Plus, the latest on Michael Phelps, JPMorgan, Steve Jobs, and more.
Fannie and Freddie Get Some Good NewsThe mortgage giants have seen their largest profits in ten years. Plus, who buys a friend a $3 million apartment, and who wants a truck depot in Soho?
‘People’ Gets the Last Giggle Over Brangelina Baby PicsTurns out the issue whose cover displayed little Vivienne and Knox sold 2.6 million copies, the fourth-largest selling issue of all time for the mag. Plus, the rest of our industry news roundup.
Rupert Murdoch to ‘Make’ Less Money Than Last YearHe only made $27.5 million in company compensation this year. Plus, Kent Brownridge steps down from ‘Maxim,’ Damon Dash has real-estate troubles, and more, in our daily industry roundup.
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Anti-Feminist Sues Columbia Over Women’s Studies ProgramRoy Den Hollander, the guy who sued against ladies’ night promotions at nightclubs, is at it again. Plus, no one cared that the New York ‘Times’ raised its cover price, and Lehman sells a key asset.
Mike and the Mad Dog Break Up at LastAfter months of rumors, Chris Russo is off the popular sports-radio show — that and more, in of our daily industry roundup.
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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.
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Meredith Whitney Eyes Goldman After Stock DropAnalysts aren’t so hot on the formerly golden bank this week. Plus, the latest on Andrew Cuomo, George Clooney, Diane Von Furstenberg, and more, in our daily industry report.
In Media, Even Death Cannot Stop NepotismLuke Russert gets a job at NBC, and everyone has liquidity problems (except the tenants of 15 Central Park West), in our daily roundup of media, finance, real-estate and law news.
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Donald Trump: ‘I Called the Recession First, Okay?’Fine, Donald. You win. Except nobody REALLY wins. Because it’s a recession. That and more in our daily roundup of finance, real-estate, media and law news.
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Chairman Cox Bans Naked Short-SellingHeh. Naked short selling. Sounds like something a frat boy would do, right? Well … it sort of is. Read all about the SEC’s bold move to crack down on market manipulators and more, in our daily roundup of finance, media, law, and real-estate news.
Erin Callan Out at LehmanThe ex-CFO leaves the embattled bank and its vicious queen CEO for hot Swiss action.
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Charlie Gibson’s ‘World News’ Reaches an All-Time LowBut it WAS over the holiday weekend, so we forgive him. Plus, another dude climbs the ‘Times’ building, Lehman considers Jersey, the Plaza has a big flip, and summer associates get down on their knees, in our daily industry report.
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They Waterboarded Christopher HitchensFinally, right? Plus, David Brooks thinks Goldman Sachs may be on the cusp of a coup, and the “summer of legal vindication” kicks off in our hump-day roundup of media, finance, law, and real-estate news.
Eyebrows Are Raised Over Morgan StanleyMorgan Stanley CEO John Mack grapples with plummeting profits and a rogue trader, a summer associate messes with the wrong guy at the company picnic, and Rachael Ray buys in the Hamptons, in our daily roundup of finance, law, media, and real-estate news.
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Will the Landmarks Preservation Commission Make an Example of Robert De Niro?They can make him tear down the Greenwich Hotel’s $1.5 million penthouse if they feel like it. Plus, news on Goldman Sachs, Simon from ‘Real Housewives,’ and a few other people who have power in this town, in our daily roundup of real-estate, finance, media and law news.
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Wall Street’s Week of ReckoningAIG’s Martin Sullivan is out, and everyone else is waiting for the ax to fall. Plus! Former ‘NYT’ editor Howell Raines picks on Poynter blogger Jim Romenesko, a Central Park West penthouse goes on the market for $80 million, and more, all in our daily roundup of finance, media, real-estate and law news.
Ex–Martha Stewart CEO Is Out and LunchingRecently freed Martha CEO Susan Lyne may have a gig lined up already, Realtors claim the ‘Sex and the City’ movie has done for property what the show did for shoes, and New York judges finally get a pay raise, in today’s roundup of media, real-estate, law, and finance news.
it just happened
Erin Callan, Joseph Gregory Out at LehmanWhoa. We knew Dick Fuld was not a fan of Lehman Brothers COO’s sleazy green suits or CFO Erin Callan’s nude lipstick, but we didn’t think he’d FIRE them.
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Fifty Cent’s Baby Mama Will Get Rich or Die Tryin’The battle between 50 Cent and Shaniqua Tompkins rages on, Columbia bulldozes most of the Upper West Side, more big changes at the Murdoch-owned ‘Wall Street Journal,’ and other epic battles, in our daily roundup of news from the law, real-estate, media, and finance sectors.
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Andrew Cuomo’s Kiddie VictoryPlus the latest on what’s up with UBS, Beth Israel, and McDonald’s in our daily industry roundup.