Resources

97 Resources for

felix salmon

  • Subscribe to this listing via:
  • RSS
  • Email

BNET Resources

Why the Energy Crisis Won't Solve Itself
Will Wilkinson is optimistic about energy. Don't worry about peak oil, he says: as oil prices rise, alternative energy sources will become more attractive, and eventually innovation and competition in the alternative-energy space will drive alternative-energy prices down below the "historical trend" of oil prices. That's how we get...
Tags: Fossil Fuel, Externality, Coal, Alternative Energy, Alternative Energy Source, Felix Salmon
Articles 2008-08-05
Merrill: Losing the Expectations Game
Dennis Berman looks today at Merrill Lynch's earnings per share. With earnings down and the number of shares up, he concludes, reasonably enough, that, in the words of Sanford Bernstein's Brad Hintz, "it's extremely difficult to get to the earnings-per-share number of 2004 anytime soon". Er, yes....
Tags: Financial Accounting, Berman, Earnings Per Share, Merrill Lynch & Co. Inc., Bank, Game, Financial Services, Finance, Felix Salmon
Articles 2008-08-05
How is GM Still Alive?
In the world of eye-popping earnings, GM has managed to beat even Exxon Mobil. Exxon made a profit of $11.7 billion in the second quarter; GM has manged to come out with a $15.5 billion loss, or $27.33 a share. How this company is...
Tags: General Motors Corp., Felix Salmon, Marketing, Finance, Pricing, Financial Accounting
Articles 2008-08-01
Headless BofA
Felix Salmon submits: Mark DeCambre is right: it seems that Bank of America BAC is going to remain headless at least until Thanksgiving. No outsider seems to want the job — the list of people who have turned it down seems to include everybody who works or has ever...
Tags: Financial, Felix Salmon, Bank of America Corp.
External links 2009-11-06
The Unsustainability of Debt-to-Equity Conversion
Felix Salmon submits: According to its earnings release today, Goldman Sachs GS posted a loss of $500 million on its “real estate principal investments”. On the conference call, CFO David Viniar said that was based on a loan book of about $6.4 billion, which is now being marked “in...
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc.
External links 2009-07-14
Judging High-Frequency Trading
Felix Salmon submits: There’s an interesting debate in the comments to my post on high frequency trading about the widely-cited $20 billion figure for the profits attributable to HFT. In Jon Stokes’s Ars Technica article on the subject, he writes this: At least two different...
Tags: Financial, US Market, Felix Salmon, Goldman Sachs Group Inc.
External links 2009-07-29
Santander Starts Selling Its Brazilian Jewel
Felix Salmon submits: 2002 was a bad year for Banco Santander STD: In the wake of economic crises in Argentina, Uruguay, and Brazil, the bank found itself with large Latin American losses and a desperate need for capital. So it ended up selling 25% of its Mexican subsidiary, Santander...
Tags: Financial, Felix Salmon
External links 2009-07-29
How Big Is High-Frequency Trading?
Felix Salmon submits: I have a bit more clarity on the $20 billion figure for total profits from high-frequency trading: it comes from the TABB Group. In a recent publication, TABB’s Robert Iati writes: TABB Group estimates that annual aggregate profits of low latency arbitrage...
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc.
External links 2009-07-30
Mortgage Servicers' Perverse Incentives
Felix Salmon submits: Last month, I wondered whether banks’ seeming inability to effectively modify mortgages was a function of “greed on the part of the banks — that while they pay lip service to the idea of modifying mortgages, they actually make more money by being recalcitrant and obstructive...
Tags: Financial, Felix Salmon, Bank of America Corp.
External links 2009-07-30
Why Pandit Must Sell Phibro
Felix Salmon submits: Maria Woehr has a rather confusing column on Andrew Hall and his $100 million bonus. It’s worth reading, however, for two reasons: firstly, she’s aggregated a lot of good links, and secondly, she serves as a good guide to what the received opinion on such matters...
Tags: Financial, Felix Salmon, Citigroup Inc.
External links 2009-08-05
ARS Datapoint of the Day
Felix Salmon submits: How do you put a value on AAA-rated, student-loan-backed auction-rate securities which are paying a nice rate of interest but which can’t really be sold at all? Here’s how Google did it: We used a discounted cash flow model based on estimated...
Tags: Financial, Felix Salmon, Google Inc.
External links 2009-08-06
Goldman Goes Off-Message
Felix Salmon submits: Goldman Sachs GS bankers are generally smooth, urbane, and on-message. But these days they’re clearly flustered. Why else would Goldman president Gary Cohn say something as arrogant and tone-deaf as this to the NYT’s Jenny Anderson? “Our risk appetite continues to grow...
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc.
External links 2009-08-06
No Future for Vonage
Felix Salmon submits: What is Vonage VG doing with a NYSE listing? It’s been trading at under a buck a share since last December — and it received a delisting notice as long ago as October 2008. Somehow, it managed to persuade the NYSE not to delist it in...
Tags: Telecom, Felix Salmon, Vonage Holdings Corp.
External links 2009-08-06
How the Link Economy Benefits Reuters
Felix Salmon submits: A couple of very big cheeses at Reuters — Chris Ahearn and David Schlesinger — have been weighing in on the subject of the “link economy”, and have been encouraging the rest of us to join the debate. Which I’m very happy about, and very happy...
Tags: Media, Felix Salmon, News Corp.
External links 2009-08-07
Was the AIG Bailout a Goldman Bailout by Proxy?
Felix Salmon submits: Joe Hagan has a big story on Goldman Sachs GS in this week’s New York, and Moe Tkacik and Matt Taibbi both pick up on the way that Hagan deals with Goldman’s share of the AIG AIG bailout funds. It’s worth quoting at some length: ...
Tags: Financial, Felix Salmon, American International Group Inc., Goldman Sachs Group Inc.
External links 2009-07-27
Morgan Stanley's Risk-Taking
Felix Salmon submits: The NYT’s Graham Bowley comes out and says it in his report on Morgan Stanley’s weak earnings today: The results were in sharp contrast to rivals Goldman Sachs and JPMorgan Chase, which both reported strong second-quarter profits last week. Those two banks...
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc., Morgan Stanley
External links 2009-07-22
Why I Think Reuters Won't Buy Breakingviews
Felix Salmon submits: Cyrus Sanati confirms that my very own employer TRI “is in preliminary discussions” about buying Breakingviews. Needless to say, I have no first-hand, or even second-hand, knowledge of such matters — nobody tells me anything, and nor should they. But I can say that this smells...
Tags: Media, Financial, Internet, Felix Salmon, News Corp.
External links 2009-07-15
Tax Banks to Make Them Smaller
Felix Salmon submits: When the WSJ editorial page proposes any kind of new tax, it’s worth paying attention to: Another answer would be an FDIC-style bailout tax, perhaps tied to leverage ratios, for those in the too-big-to-fail camp. by Felix Salmon
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc.
External links 2009-07-16
The NYT Will Stay Free
Felix Salmon submits: FT editor Lionel Barber isn’t content with charging for his own content, he also reckons that every other news organisation is going to follow suit. Here are some quotes from a speech he gave last night: I confidently predict that within the...
Tags: Media, Felix Salmon, New York Times Co.
External links 2009-07-16
The Next Goldman Acquisition
Felix Salmon submits: Every so often, Andy Borowitz nails it: In what some on Wall Street are calling the biggest blockbuster deal in the history of the financial sector, Goldman Sachs confirmed today that it was in talks to acquire the U.S. Department of the Treasury. by...
Tags: Financial, Felix Salmon, Goldman Sachs Group Inc., J.P. Morgan Chase & Co.
External links 2009-07-17
advertisement
advertisement
Click Here