Business Pundit

Activist investor Bill Ackman, who owns 37% of Borders through his Pershing Square Capital Management, has indicated willingness to finance a merger between Borders and Barnes & Noble. The New York Times reports: Mr. Ackman, the largest… Read more

Image: World Economic Forum/Flickr Nobel Laureate and Grameen Bank founder Muhammad Yunus is under investigation for diverting nearly $100 million in grant money from microcredit lender Grameen Bank, for which the money was intended, to Grameen… Read more

This is a guest post by Day Trade Listings. It seems that you can’t pick up your newspaper or turn on your television without seeing an over extended European country being bailed out, or some new stimulus being implemented. This week… Read more

This is a post by Minyanville.com. Since the 1930’s, when Benjamin Graham created the concept of Mr. Market, investors have been trying to figure out what’s worrying the stock market at any given moment. Oddly, no one has ever kept a list of… Read more

Watch the latest video at video.foxbusiness.com General Motors (GM) started trading at $35 on the New York Stock Exchange this morning, after an initial stock offering of $33 per share. The Wall Street Journal has more on GM’s unique… Read more

Wall Street seems to float in an ether above Main Street, ubiquitous but at the same time untouchable. So translating the fog behind the 2008 financial crisis into language everyone can understand is a daunting task. In their new book, All the… Read more

Former Broncos quarterback John Elway and his business partner invested 15 million with hedge fund manager Sean Mueller. It later turned out that Mueller’s company “only had $9.5 million in assets in April and $45 million in liabilities,”… Read more

What crime combines billions in annual earnings, sneaky accounting, a lack of media coverage, and the good Lord himself? Religious fraud. Conning the faithful, it turns out, is a lucrative art. Christian leaders alone stole more than $27 billion… Read more

1987’s Wall Street was an instant classic. Its even, flowing pace was peppered by clever dialogue, convincing characters, and clean, almost mythological themes. Charlie Sheen’s Bud Fox, a hot young broker faced with an ethical dilemma, boldly… Read more

This is a guest post by Wall St. Cheat Sheet’s Damien Hoffman. There is a lot of doomsday talk these days. Rightfully so. There are a lot of illnesses in economy. However, unlike the credit freeze and market freefall in 2008, governments are… Read more

Here in the US, you’d think Toyota would be a bad investment, based on its perpetual recalls. But the automaker made $2.2 billion in profit last quarter, thanks to cost-cutting measures and strong sales in emerging markets. From the Detroit Free… Read more

President Obama signed the 2,323-page, 243-rule Wall Street Reform act, otherwise known as the Dodd-Frank Wall Street Reform and Consumer Protection Act, into law today. It’s the biggest Wall Street reform since the Great Depression. The new… Read more

Goldman Sachs’ Q2 earnings are down 83%, in what the New York Times calls the “worst quarter for the giant investment bank since the depths of the financial crisis in late 2008.” More from the NYT: The earnings include $1.15 billion in… Read more

India’s currency, the rupee, now has its own symbol, thanks to Indian Institute of Technology post-grad D Udaya Kumar, whose design was chosen in a national contest. Kumar will get an award of Rs 250,000, nearly $5,400–and India will get a new… Read more