Happy Birthday

cityfile · 06/05/09 06:41AM

Suze Orman turns 58 today. Billionaire financier Pete Peterson is turning 83. Teen Vogue editor Amy Astley is 42. Post columnist Andrea Peyser is turning 50. Journalist Bill Moyers is 75. Mark Wahlberg is turning 38. Pete Wentz is 30. Author Chuck Klosterman is 37. Comedian Jeff Garlin is 46. Laurie Anderson, the musician and wife of Lou Reed, is 62. Actor Ron Livingston is turning 42. Art advisor Kim Heirston turns 46. Housing Works president Charles King is 50. Kristin Gore, the author and daughter of Al Gore, turns 32. Movie producer Kathleen Kennedy is 56. And Kenny G celebrates his 53rd birthday today. Weekend birthdays below:

Wall Street: Friday Morning

cityfile · 04/17/09 05:54AM

• Citigroup posted its first profit in 18 months today, which made Wall Street very happy and sent Citi shares up to a whopping $4. [WSJ, DB]
• GE's first-quarter profit fell less than expected, dropping 35% compared to a year earlier, results that gave shares a boost in early trading. [BN, WSJ]
• AIG chief Ed Liddy still owns a big stake in Goldman Sachs, info that will be most pleasing to Goldman conspiracy theorists out there. [NYT, NYT]
• Is the banking business showing signs of recovery? [NYT]
Carl Icahn and Kirk Kerkorian are locked in battle over MGM Mirage. [WSJ]
• General Growth Properties's bankruptcy will make hedge funder Bill Ackman a very rich man. And he already happens to be a very rich man. [NYT]
• The president of the Federal Reserve Bank of San Francisco now says it was a mistake to allow Lehman Brothers to collapse. Now you tell us? [BN]

Bernacke Backs New Stimulus Package

cityfile · 10/21/08 05:37AM

♦ Lawmakers and officials are moving close to ironing out a second stimulus bill after Fed chair Ben Bernanke endorsed the idea. [Bloomberg, NYT]
♦ The Treasury Department is pushing bigger banks to use the rescue package to acquire smaller, weaker rivals. [NYT]
♦ The Dow's 413-point rise yesterday was attributed to signs the credit market is beginning to thaw. [NYT]
♦ Some people are still making out nicely: Peter Kraus, the head of strategy at Merrill, will be leaving the firm after just a couple of months with as much as $25 million. [WSJ]

Today in MGM Denials: Fun New Euphemisms for 'Selling Out'

STV · 08/25/08 04:00PM

After a flurry of weekend headlines further detailing the closely guarded plot to offload MGM, studio reps are firing back today with public denials that the anemic, mute, tired old Lion could soon have another new cage to laze around. And now we don't know who to believe! Is it BusinessWeek, which followed up last week's rumored Kirk Kerkorian 4.0 lowball offer with the news that Goldman Sachs is back on the scene to engineer a sale? Or is it the big, happy, skittish family at MGM HQ itself, which would require an official clarification to be issued these days even if someone said its coffee maker was broken:

'Operation Lowball' Places Kirk Kerkorian Back at Center of MGM Sale Rumors

STV · 08/20/08 01:30PM

If it's not bombs, bees and/or anthrax threatening to engulf MGM in a dense apocalyptic deathcloud, then there's always the Specter of Ownership Past to give the denizens of Constellation Drive a good mortal scare. But only if they're willing to suspend their disbelief long enough to imagine Kirk Kerkorian shuffling back into town on his black steed, blank check in one hand and studio valuation figures in the other, grinning wildly at the prospect of reclaiming the studio a fourth time in as many decades. Most observers seem to think its a scenario as likely as the anthrax contagion rumored to be puffed through MGM Tower's central A/C, but frankly, we're in love with the idea. Moreover, we're in love with the 91-year-old mogul still rocking the brass balls it takes to reportedly offer $3 billion for the studio he sold to Sony four years ago for $5 billion:

Street Talk

cityfile · 08/20/08 05:18AM
  • Lehman Brothers' Dick Fuld was near a deal to raise $5 billion from South Korean investors, but negotiations broke down earlier this month. [NYP]