Wall Street: Thursday Morning

cityfile · 06/11/09 07:14AM

• Showdown in DC: Bank of America CEO Ken Lewis is testifying before a House committee today and getting a pounding, as expected. [WSJ, Dealbreaker]
• Will Citigroup ever get its house in order? FDIC boss Sheila Bair would like some answers, not that the board—or Vikram Pandit—have any. [NYT]
• Jim Simons held talks recently to sell a stake in his hedge fund, Renaissance Technologies, but has decided against retiring for the time being. [WSJ]
• BlackRock is close to a deal to acquire Barclays Global Investors for $13 billion; the deal would make the Larry Fink-led company the world's largest money manager, with $2.8 trillion in assets under management. [WSJ]
• JPMorgan Chase is acquiring the piece of Glenn Dubin and Henry Swieca's Highbridge Capital Management that it does not already own. [DB]
• AIG is moving out of its downtown HQ now that the company has sold off the real estate to a Korean bank and a US developer for $100+ million. [FT]
• Better than expected unemployment data and retail sales figures have lifted the major markets this morning. [CNN, BN, CNN]

Happy Birthday

cityfile · 06/11/09 06:53AM

There haven't been too many reasons for New York Times Co. CEO Janet Robinson to celebrate in recent months. But today there is! Robinson turns 59 today. Other people with something to smile about today: Charlie Rangel is turning 79. Shia LaBeouf is 23. Fox News anchor Greta Van Susteren turns 55. Actor Peter Dinklage is 40. Public advocate Betsy Gotbaum turns 71. Cardiologist (and Oprah BFF) Mehmet Oz is turning 49. Mets shortstop José Reyes is 26. Hugh Laurie is 50. Actor Joshua Jackson is turning 31. Former housing secretary Henry Cisneros is 62. And former football great Joe Montana turns 53 today.

Paris Hilton's Tainted Goods Are Back on the Market

The Cajun Boy · 06/11/09 06:29AM

Paris Hilton dumps her toolish boyfriend, Shia LaBeouf issues a statement to let everyone know he's not boning his mother, Victoria Beckham's nipples tour London, Jessica Alba is under investigation for vandalism, and Jeremy Piven preaches about mercury poisoning.

Splitsville for Paris

cityfile · 06/11/09 06:04AM

• It looks like it's over for Paris Hilton and boyfriend Doug Reinhardt. Please excuse us while we go get a big box of tissues; we really weren't mentally prepared for news this upsetting this morning. [People, Sun]
• A couple of weeks ago, it was Gwynnie Paltrow who was getting blamed for setting A-Rod up with Kate Hudson. Now real estate "superagent" Adam Modlin is taking credit for brokering the transaction. Go figure. [NYDN]
• Maybe Kanye West and Amber Rose didn't break up, after all. Or maybe they did break up, but they're spending a lot of time together anyway? It's a mystery, really. [P6]
• Coco Rocha is not going to be an intern at Vogue this summer. She's just spending a lot of time there so she can "learn more about the business." [WWD]

Live Blogging Top Chef Masters, Week 1

MisterHippity · 06/10/09 08:00PM

Hey, you! Ever read a live blog and thought, "hey, I could do that"? Do you love to drink and talk about food (or to eat and talk about drinking)? Well, this could be your lucky night!

Author of Twitter Book Can't Work Twitter

Ryan Tate · 06/10/09 07:46PM

David Pogue had ironic technical difficulties; John Perry Barlow offended Google's hometown and an Indian official pushed back at his Twitter critics. It was a tough day to be Twitterati.

The Wednesday Party Report

cityfile · 06/10/09 07:07PM

New York turned out to celebrate the 75th anniversary of the historic Apollo Theater on Monday night. Prince, Mariah Carey, Steve Harvey, Bill Cosby, Fantasia Barrino, and Chanj all took turns on the stage; Jamie Foxx introduced Quincy Jones, who was inducted into the Apollo Legends Hall of Fame; and the crowd included Michael Bloomberg and Diana Taylor, New York First Lady Michelle Patterson, Patti LaBelle, Dick Parsons, Al Sharpton, Gayle King, Sherri Shepard, Phylicia Rashad, Clarissa and Edgar Bronfman Jr., Ruby Dee, Ron Perelman and daughter Samantha Perelman, Sade Baderinwa, Devyn Simone, Kevin Liles, Jonelle Procope, Susan Magrino, Robin Roberts, Doug E. Fresh, Bryant and Hilary Gumbel, Bethenny Frankel, Denise Rich, and designer (and secret soul music fan) Roberto Cavalli. [PMc, Wireimage, VF]