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Archive for February, 2007
Monday, February 26, 2007 It's a deal for Station By Ian Mylchreest Colony Capital and the Fertitta family has accepted the inevitable after a number of lawsuits saying the original $4.7 billion undervalued the company and raised their offer to $5.4 billion. That makes it a deal, reports the Associated Press.
The deal still allows Station another 30 days to find a better deal. That provision is [...]
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Friday, February 23, 2007 BREAKING NEWS! By Len Butcher
BREAKING NEWS! Anna Nicole Smith to be buried in Bahamas, judge rules. BUT WAIT! Her mother will appeal that decision. MORE DRAMA! Judge, witnesses, just about everybody, sobs for cameras. A lot riding on their performances. Will the judge get his own TV show and try to dethrone Judge Judy? Will Howard K. Stern’s shower [...]
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Friday, February 23, 2007 Feds still weighing their options in the options scandal By Ian Mylchreest Remember how the timing of options grants to maximize their value was the big scandal last year. The government got on the case when the Wall Street Journal reported that there was virtually no chance that random timing of options grants at the optimal point had happened by chance.
The reason the scandal has disappeared from the [...]
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Thursday, February 22, 2007 Hedge funds go free By Ian Mylchreest The Bush administration has decided to leave hedge funds largely unregulated, reports the New York Times. Greater regulation was in the works to protect less sophisticated investors as well as avoiding the kind of catastrophic failure that nearly occurred with the 1998 collapse of the inappropriately named Long Term Capital Management.
Back then, the fund was bailed [...]
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Wednesday, February 21, 2007 Organics of the world, unite! By Ian Mylchreest Whole Foods and Wild Oats have struck a deal to bring the two chains into one, reports the Los Angeles Times. Both specialize in natural and organic foods as well as a selection of high-margin gourmet goods.
Whole Foods will pay $565 million for its lesser rival and assume $106 in debt. One major impetus to this [...]
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Wednesday, February 21, 2007 Speaking of sealed cases… By Steve Sebelius We didn't realize it, until an alert, longtime local scribe pointed it out to us, but the Review-Journal forgot to mention one important sealed case in its series on secret justice last week. Back in the day, ex-R-J City Editor Mary Hausch sued the newspaper and its then-parent company, Donrey Media Group, for sexual discrimination [...]
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Wednesday, February 21, 2007 Wednesday Quick Hits By Steve Sebelius » Is it just us, or does it seem to anybody else that U.S. Sen. Harry Reid's Iraq "strategy" involves only non-binding resolutions, ex-post-facto resolution re-writing, failed cloture votes and pretty much everything except getting our troops the hell out of Iraq?
In a story in today's Review-Journal – which deceptively uses the word [...]
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Wednesday, February 21, 2007 We KNEW it! By Steve Sebelius As soon as we heard that U.S. Sen. John Ensign had missed Saturday's vote on a resolution disapproving of President George W. Bush's troop surge in Iraq, we knew it could be only one thing: Golf.
And, according to today's Las Vegas Sun, we were right. Ensign failed to return to Washington for the vote, [...]
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Wednesday, February 21, 2007 California outlook is optimistic By Ian Mylchreest The top economist for the Los Angeles County Economic Development Corp. says our big neighbor to the west should be enjoying a "Goldilocks-ish" economy over the next couple of years, reports the Los Angeles Times.
It's the old not too hot and not too cold but there's some parts that are going to be colder than [...]
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Tuesday, February 20, 2007 Tuesday Quick Hits By Steve Sebelius Three-hour waits outside McCarran International Airport? And they're handing out garbage bags to shield people from the rain, because the lines were so long, they had to wait outside? Did nobody at Southwest Airlines (where the lines were the longest) get the memo that there was a few special events in town this weekend? Like [...]
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