DoJ Said to Prep Libor Charges Against Multiple Banks; Eddie Lambert Moved...
Libor-ated: U.S. prosecutors are preparing to file criminal charges this fall in the Libor-rigging scandal, and employees at more than one bank are said to be implicated, Bloomberg reports. (Earlier in...
View ArticleWill Nasdaq Sweeten Face-Flop Deal…Again? HSBC in Settlement Talks Over Iran:...
Nasdaq may be planning to sweeten its compensation offer to entities that suffered losses due to technical problems at the exchange on the day of Facebook's initial public offering, The New York Post...
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It’s Like the Gosh Darn Concession Speech All Over Again: Fox News Bumps...
Sarah Palin won't get to talk about John McCain tonight. (Facebook) Well, at least she can't claim it was a liberal news bias this time: Fox News contributor Sarah Palin took to Facebook today to...
View ArticleNew York AG Probes Private Equity Tax Practice; Pointing the Finger at...
If you missed it over the weekend, New York Attorney General Eric Schneiderman is investigating the tax practices of private equity firms. At the center of the inquiry is the practice of converting...
View ArticleZuck Not Selling Facebook Shares; Banking Industry Weighs Plan to Spend on...
Mark Zuckerberg won't sell any more Facebook shares for at least a year, according to a Securities and Exchange Commission filing yesterday, and board members Marc Andreessen and Donald Graham said...
View ArticleECB Board Approves Bond-Buying Plan; Falcone Battles With LightSquared...
European Central Bank President Mario Draghi won wide support from his board for a plan to buy the sovereign debt of euro zone countries. Rates on Spanish 10-year bonds promptly fell to levels last...
View ArticleMorgan Stanley and Citigroup Reach Deal; UBS Whitsleblower Got Prison...
Morgan Stanley and Citigroup agreed to value Morgan Stanley Smith Barney at $13.5 billion, more than the outside bankers hired to mediate the deal said the joint venture brokerage was worth. According...
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Nasdaq Says It Won’t Sweeten Compensation Pool for Facebook IPO
So the buck stops ... here? After technical glitches at Nasdaq on the day of Facebook's initial public offering cost market makers millions of dollars, a pattern emerged. Nasdaq would offer to make...
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Police Shack Muckracker Claims Cops Sent ‘Threats’ After He Published NYPD Scoop
New York Post reporter Doug Auer allegedly became the target of police ire after he wrote a scandalous story about an illicit Labor Day BBQ on the roof of police headquarters. Apparently, nothing is...
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Adviser Who Sold Facebook Shares He Didn’t Own Faces Sentence Up To 45 Years
Palm Beach County Jail Remember when everyone wanted Facebook stock? When getting pre-IPO shares was a point of pride, when retail investors worried they weren't big enough fish to rate allotments from...
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Jurassic Snark: NYC Teen Raises $2,000 to Build ‘Christopher Walken Rex’
via Facebook Ethan Cyr has a dream. That dream is to build a 13-foot T-Rex with Christopher Walken’s head on it. And thanks to the Internet, his dream is going to come true. Yesterday, Humans of New...
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Gimme an S! Gimme an H! ‘Shiti Bike’ Stickers Take Over NYC, Twitter
(Twitter) A simple but effective sticker campaign that replaces the "C" in Citi Bike with an "Sh" to spell... well, you know, has over taken New York's bike share. And believe it or not, Dorothy...
View ArticleRandos Still Getting Busted for Alleged Dumb Facebook Stock Scams
Apparently, a year later, we’re still not done with the fallout from the Facebook IPO. The Manhattan District Attorney has just indicted Ronen Zakai, a former stockbroker, for an alleged scheme to...
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Abusing the System: Facebook Standards and the People Who Violate Them UPDATED
For the past two months, I have intermittently been barred from Facebook. The first time it happened was in June, when I tried to post my Israel Hayom column. Suddenly, a window popped up, telling me...
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Facebook’s Change of Heart: A Banished Israeli Columnist Gets an Apology
On Friday, I published a column in these pages about my trials and tribulations surrounding repeated suspensions from Facebook. It took two months of experiencing intermittent bans from the social...
View ArticleYour Countless Selfies Are Alienating Everyone Around You
A picture is worth a thousand words, but too many taken of your own mug is worth a thousand words of shit talking behind your back. According to a new study out of the U.K., posting too many selfies on...
View ArticleBeneficent Benefactor Mark Zuckerberg Wants to Bequeath Internet Unto the...
Guess between Project Loon and the Hyperloop hoopla, Mark Zuckerberg was feeling a little left out. Because Facebook’s latest announcement is something called Internet.org, a new effort to get billions...
View ArticleLGBT Activist Commandeers Reportedly Homophobic Church’s Facebook Page
A Tennessee church is making headlines because it allegedly ousted Detective Kat Cooper’s family after learning that Ms. Cooper was gay. In response, an online activist has taken over a Facebook...
View ArticleWhole Foods Is Trying to Trick You Into Believing It’s Affordable, Using...
“Whole Foods? More like Whole Paycheck!” That’s one of the really funny jokes commonly bestowed on the yuppie warehouse for years, but it’s trying out promotions via Twitter and Facebook to shed that...
View ArticleOur Very Own Catfish: How a Creepy Stranger Co-opted an Observer Photo to...
On August 20, the Observer received an unsettling email from a grandmother in small town California named Cheryl Nagle. She asserted that a mysterious man on Facebook was infiltrating her community’s...
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