via guestofaguest.com: This being an odd numbered year, about 300,000 art lovers are set to gather in Venice, Italy for the the 2011 Venice Biennale. The tremendous bi-annual (dur) contemporary art exhibition begins this week and we have the all the details on what to expect from this year’s event. MORE>>
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Following quarterly earnings reports this evening, both Motorola Mobility (MMI) and Qualcomm (QCOM) held meetings with the Street to go over the details.
Motorola
Motorola CEO Sanjay Jha reiterated the company’s expectation to ship its Atrix smartphone and its Xoom tablet by the end of February, while a version of Xoom pre-packaged [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Sometimes these things are unclear.
A Goldman Sachs Group Inc partnership that specializes in selling derivatives to U.S. municipalities owes $1.55 million in unpaid federal taxes. The U.S. Internal Revenue Service filed a federal tax lien against the Goldman partnership earlier this month for an unpaid balance of taxes from 2009. Although the tax assessment is a drop in the bucket for Goldman, which earned $8.35 billion in 2010, it’s another dose of unwelcome attention for a partnership that has already attracted unwanted scrutiny over its dealings with municipalities and state agencies. Goldman spokesman Michael DuVally said the firm is working with the IRS to resolve the issue, but Goldman believes “we have paid all the relevant taxes.”
The lien against the partnership, Goldman Sachs Mitsui Marine Derivative Products, stems from an IRS assessment of unpaid withholding taxes by a U.S. entity with a foreign partner, according to the filing. The IRS made the assessment last September. Goldman Sachs Mitsui, formed in 1993, is a Delaware-based joint venture between Goldman Sachs and Mitsui Marine & Fire Insurance Co of Japan.
IRS Slaps Lien On Goldman Sachs Derivatives Partnership [Reuters]
Article courtesy of Dealbreaker
via guestofaguest.com: James Franco strikes again! The Oscar host-to-be took to the stage last night in NYC with a tranny for an award show-mocking performance that included a song about assholes. Keep reading for all the details on his big night. MORE>>[...]
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Quick question– was something going on last week? About…insider trading-or something? Which might’ve suggested uh– wait, it’s on the tip of my tongue– that the government was looking into some stuff on Wall Street? Did that happen?
U.S. Attorney General Eric Holder confirmed today that the Justice Department is conducting a criminal investigation related to trading on Wall Street. In response to questions about the probe of insider trading, Holder said an “investigation is ongoing” and described it as “very serious.” Holder was questioned at a news conference at the Justice Department in Washington.
“I don’t want to get into the details,” he said. The investigation is being conducted by the U.S. attorney’s office in New York, he said.
Holder Confirms Justice Department Investigating Wall Street [Bloomberg]
Article courtesy of Dealbreaker
The private equity firms TPG and KKR are in talks to buy Seagate (STX) for about $16 a share, according to Bloomberg, which cited “people with direct knowledge of the discussions.” The disk-drive maker yesterday disclosed that it was hold talks on going private, but gave no other details. The [...]
Article courtesy of BARRONS.com: Tech Trader Daily
Cuts going down circa now.
Apparently “exotics is in the process of getting hosed, though not everyone in the group knows it.” That is all we know so if anyone’s got any other details they’d like to get of their chest, feel free to do so at this time.
Article courtesy of Dealbreaker
Well, don’t say they didn’t warn you.
Earlier today, Leap Wireless (LEAP) said in a news release that for the June quarter, “operational performance did not meet our expectations, including for net customer additions.” After the close, the company provided the details on just how bad things were for the prepaid [...]
Article courtesy of BARRONS.com: Tech Trader Daily
$$$ New Details On Limo Driver In Hedge Fund Fraud [Crain's]
$$$ Morgan Stanley to shutter 300 offices, slash up to 1,200 jobs [FBN]
$$$ Goldman Sachs Deserves Scrutiny by Regulators in Bloomberg Subscriber Poll [Bloomberg]
$$$ BofA to Pay $108 Million in FTC Case [WSJ]
Article courtesy of Dealbreaker
TiVo (TIVO) shares are trading higher on takeover rumors, according to both StreetInsider.com and TheFlyOnTheWall.com. The sites have no other details; seems pretty sketchy.
TIVO is up 25 cents, or 3%, to $8.60.
Article courtesy of BARRONS.com: Tech Trader Daily