Thursday, February 05, 2009
[1]
Salaries may be about to get capped, but there's a whole pile of other TARP money swilling around in banks and not swirling out into the economy as expected. Three people in charge of following the money, for the Government Accountability Office, the Treasury Department, and Congress, testify in front of the Senate banking committee on Thursday morning.
[2]
Harry Markopolos blew the whistle, but it was so high-pitched even the dog that was the SEC couldn’t hear it—so regulators failed to heed his warnings about the Bernard Madoff malfeasance that has now come to light for all. But now Markopolos has a platform, and he’s not going away. He says he’ll unwrap the details of an as-yet-undisclosed $1 billion Ponzi scheme on Thursday.
[3]
A $16 billion loss. Not the best news coming from a media company, but that's what Time Warner reported on Wednesday. Amazon, on the other hand, has been doing just fine. What of other media companies and retailers that combine old and new, and are desperate for pennies from consumers and millions from advertisers and sponsors? We'll hear from three that report quarterly earnings on Thursday, including McClatchy, News Corp., and Warner Music. Other companies reporting include Burger King, Brookfield Properties, Duke Energy, Estée Lauder, Earthlink, Elizabeth Arden, Hartford Financial, Kellogg, JDS Uniphase, Mastercard, Moodys, Pitney Bowes, and Western Union.
[4]
Now they get it? After fumbling the transition to digital TV that was slated for February, the Federal Communications Commission wants to make sure the nation gets it right. On Thursday, it holds a public hearing and hears from consumer groups on the transition, now delayed till June.
[5]
Among the weighty questions of all time, “Who will act for the actors?” rivals “Who will guard the guardians?” A Los Angeles Superior Court judge considers the former question on Thursday as rival Screen Actors Guild factions vie for negotiation rights with Hollywood studios.
Comments