Loren C. Steffy's Blog, page 45
May 15, 2012
BMC Software is now in play
Activist investors are gobbling up shares of Houston-based BMC Software in an attempt to get the company to put itself up for sale.
Dimon’s debacle shows why Elizabeth Warren should have stayed out of politics
The most important voice in banking regulation has been drawn into the political morass. That's too bad, because her message is too important for politics.
Deadliest danger for oil workers is on the road
An oil industry exemption from highway safety rules needs to be re-examined. It's putting not just the oilfield workers at risk but the driving public as well.
May 14, 2012
Francesca’s CFO tweets himself out of a job
Retailer says it ousted CFO after he made "improper" comments via social media.
Carl Icahn: Chesapeake’s white knight?
The activist investor may see embattled Chesapeake as more than just a passive investment.
JP Morgan proves bankers need protection from themselves
The trading loss isn't just an embarrassment for Chase and Dimon, it's an embarrassment for the regulators, the lawmakers, and the Obama administration that have collectively refused to put meaningful limits on Wall Street's most egregious activities.
Another concern for Chesapeake investors: what if the Thunder rolls again?
Given all the disclosures bombarding Chesapeake Energy investors in recent weeks, basketball may be the farthest thing from their minds, but the company's liabilities extend, literally, in the arena of professional sports.
May 9, 2012
What I’m reading with my morning coffee |5.9.12
U.S. futures drop amid political turmoil in Europe. The Dow is looking at its sixth straight day of losses. Southwest and United slug it out at Council. The lobbying effort over the Hobby Airport expansion intensifies. Meanwhile, Southwest co-founder Herb Kelleher wades into the debate over energy independence. Chesapeake’s private jets in the cross hairs. [...]
May 8, 2012
Is fracking flopping on foreign finances?
Hydraulic fracturing, the drilling process that releases oil and natural gas from deep inside shale formations, has sparked a boom in the U.S. and a glut of natural gas that has driven prices to their lowest in a decade. While there’s been a lot of talk about exporting fracking techniques to other parts of the [...]
What does Group 1′s buying spree say about the auto bailouts?
Houston's Group 1 Automotive is buying more dealerships that sell domestic cars. It speaks to renewed customer confidence in domestic automakers since the government bailouts.
