Uncategorized

He definitely gets chutzpah points. Former Tyco International CEO Dennis Kozlowski is taking his case to court. Fox Business broke this story exclusively with Kozlowski's attorney Alan Lewis. Lewis has filed a petition with the Supreme Court to appeal Koz's conviction of securities frad, grand larceny and falsifying business records.  The charge was that Koz and his CFO Mark Swartz stole $137 ... read more

Gang. You KNOW I went to Berkeley so you KNOW I have experience with and respect for peaceful protestors and protests. That said, you know I have a sense of humor too, so today, when President Obama's top economic dog Larry Summers was speaking before the august Economic Club in Washington D.C. and anti-TARP protestors calling themselves "Code Pink" crashed his stage, we here at Fox Business ... read more

I ask business owners, "How's it going? Have you noticed a drop-off? Are you okay?"  I'm constantly out there querying and prodding, even if I'm just out to buy moisturizer or gummy bears (I know, I"m OUT of control with the candy...). But I'm my own field researcher. So today I stopped by a health club to convince them to let me join for pool priveleges for a measly 2 months.  I need to ... read more

Ed Ansin is a killer businessman. His real estate and television station businesses are surviving during this brutal recession because he's too smart to fail.  I worked for him when I was hired to be a reporter an anchor at WHDH-TV in Boston back from 1994-1998. Ansin took over a perennial third-rated station (that used to be WNEV), switched affiliations to NBC and set off sprinting from ... read more

The Michigan State Spartans aren't the only ones holding it up for the  embattled state: Today on Countdown to the Closing Bell, we landed an interview with Governor Jennifer Granholm who is  obviously very concerned about all of the GM developments over the past 24 hours, but wait til you hear her tone and how she views the future. And if you've got a business? Just listen to the ... read more

What do you think? Do we tax the heck out of Wall Street bonuses? The House overwhelmingly passed legislation yesterday that would tax bonuses at a rate of 90%. Who gets hit? Any employee who earns more than $250,000 at a company that has received at least $5 billion from the government, i.e. YOU THE TAXPAYER. But, be careful of  'Ye olde Unintended Consequences' issue. If this passes in ... read more

..and with it comes more AIG 'we're-annoyed-again-with-how-they're-using-our-taxpayer-money" drama, along with G-20 Finance meeting developments. (Our own Ashley Webster conducted a fair and terrific interview with Treasury Secretary Tim Geithner in Europe, btw). At least the Benie Madoff insanity is somewhat on its way to being resolved, although we all still want to know, "Where's the ... read more

Didja see the op-ed piece in the WSJ today by Alan Greenspan? Talk about a guy who's trying to say that the worst recession since the Great Depression *wasn't* sparked by the monetary policy he left in place for a loooooong time... I mean, just read the thing. He's given more space than Sputnick on the op-ed page to try to keep his reputation afloat.  Clearly, he's a man who's very concerned ... read more

He's arguably the world's greatest investor so when he puts out a 23 page round-up of his investing successes and mistakes of 2008 along with an outlook for 2009, everyone wants to hear it. Knowing that many of you are quite busy and don't have time to pore through a 23-page investment letter while you're trying to live your own life, *I* did it for you and have pulled out the best Buffettisms and ... read more

Everyone who runs into me says, "What's going to happen?!!"  Well, heck, if I KNEW... I mean, look at the markets right this minute: we got horrific news on the Durable Goods front... DG's are big-ticket items meant to least 3-5 years or more, e.g. cars, washing machines, airplanes etc.  So the number came in worse than expected but the markets are still higher! Do me a favor: try not to ... read more