After a long tenure as the most interesting (if not always the most accurate) of Wall Street’s economic forecasters, Steve Roach started work Monday as Morgan Stanley’s Asia chairman. So it was a little weird to encounter him late in the afternoon in Grand Central Station, rushing for a train. Apparently he doesn’t move to [...]
So Pearson, which owns the Financial Times and part of the Economist, is talking to GE, owner of CNBC, about putting in a bid for Dow Jones. And now Ron Burkle is apparently contemplating on a bid, too. Which puts the much-discussed dangers posed by Rupert Murdoch’s bid for Dow Jones in perspective. Yes, Murdoch [...]
According to the FT, An unprecedented coalition of large companies, pension funds, and trade unions will on Monday urge corporate America to scrap quarterly earnings guidance in an attempt to curtail the influence of hedge funds and other short-term investors. The move, backed by leading corporate figures such as Jeff Kindler, chief executive of Pfizer, [...]
