The Faber Report
- Wednesday, 14 Oct 2009 5:07 PM ETBy: David FaberThere’s been lots of attention paid to Vivendi’s board meeting today as a sign of whether it will sell its 20% stake in NBC Universal and thereby clear the way for the deal I have been reporting on that is close between GE and Comcast. But whether Vivendi decides it wants out of its partnership with GE is not the point. » Read more
- Tuesday, 29 Sep 2009 1:10 PM ETBy: David FaberA report from that Group Danone had hired an investment bank to work on a possible bid for baby food company Mead Johnson had those shares up over 10% briefly. After speaking with bankers close to both companies it appears investors looking for a deal anytime soon will be disappointed. » Read more
- Monday, 14 Sep 2009 3:57 PM ETBy: David Faber
One of these days it’s plausible to believe that the ailing wireless giant Sprint will be put out of its misery with the receipt of a viable takeover offer. But don’t count on that being anytime soon. » Read more - Tuesday, 11 Aug 2009 2:48 PM ETBy: David Faber
Atticus Capital founder Timothy Barakett, 44 years of age, is shuttering his flagship fund and returning $3 billion in capital to his investors. The roughly $1 billion left, Barakett’s personal fortune, will be managed by him in a so-called “family office”. Atticus will keep its European fund (not managed by Barakett), with roughly $1.5 billion under management, open. » Read more - Friday, 7 Aug 2009 3:53 PM ETBy: David Faber
AIG’s share price has now advanced more than 100% during the week. While it was a short squeeze that contributed the bulk of that move, today’s upward tide is due to a belief that AIG has found some stability in its business. » Read more - Thursday, 6 Aug 2009 4:25 PM ETBy: David Faber
It’s strange enough when a stock is up 74% in two days, but rarer still when that move is not accompanied by any news to explain it. Such is the case for AIG, whose swift ascent yesterday (up over 8 points) and much of today (it was up over 17% at one point) is attributable to that most painful of investor predicaments: the short squeeze. » Read more - Wednesday, 15 Jul 2009 10:33 PM ETBy: David Faber
I can report that CIT is likely to file bankruptcy tomorrow, though the situation remains fluid, according to a source close to the company. » Read more - Tuesday, 14 Jul 2009 5:39 PM ETBy: David FaberWe can all rest easy: the SEC has reached a final settlement with Dennis Kozlowski and Mark Swartz, the former CEO and CFO of Tyco who have both spent the last four plus years in jail after being convicted of stealing from that company. » Read more
ABOUT THE FABER REPORT
The Faber Report provides insight and analysis on developments in financial services, individual corporations, and markets around the globe. David Faber shares his reporting on myriad topics including hedge funds, private equity and mergers and acquisitions as well as the perspective he’s gained after more than 22 years covering the world of business.
BIO
An Emmy, Peabody, and DuPont award winner, David Faber has anchored and co-produced several of CNBC's acclaimed original documentaries and long-form programs as well as appearing daily on CNBC's "Squawk on the Street." (M-F, 9-10 a.m. ET). During the day, Faber breaks news and provides in-depth analysis on a range of business topics on the air and here in the "The Faber Report." In his 16 years at CNBC, Faber has broken many big financial stories including the massive fraud at WorldCom, the bailout of the hedge fund Long Term Capital Management, and Rupert Murdoch's unsolicited bid for Dow Jones. Read his full bio here.
DAVID FABER'S FAVORITE LINKS
- Lightning Round: Toyota, Ford, Colgate-Palmolive and More
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- What's the Next Big Acquisition in Technology?
- The Market Reacts To HP's $2.7 Billion Acquisition
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