Testosterone Fuels Stock Market, Literally

cityfile · 01/13/09 09:39AM

Wall Street's reputation as an aggressively male zone, running on free-flowing machismo, utterly hostile to women and irredeemably suited to adrenaline-chasing, strip club-patronizing he-men? It's scientifically accurate, according to one of those studies that uncover the secrets of life by measuring people's fingers. Research by former Deutsche Bank derivatives trader John Coates has found that traders with the longest ring fingers as compared to their index fingers—indicating exposure to high levels of male sex hormones in the womb—make three times as much money as their less biologically blessed co-workers. It certainly simplifies matters for job recruiters/rich husband-seekers: Just ask for a hand-photocopy and all will be revealed!

Meth Dealers Prefer Rite Aid

cityfile · 01/13/09 09:25AM

These are tough economic times, no doubt. Have you been tempted to make a little cash by starting up a meth lab in your apartment? Who hasn't? If you're worried that you're going to have trouble finding a pharmacy to sell you boxes Sudafed in bulk, put your worries to bed. Just make Rite Aid your first stop. [Crain's]

Wall Streeters Look for the Exits

cityfile · 01/13/09 08:29AM

• Guy Metcalfe isn't having much luck flipping the apartment at 15 CPW he purchased in October for $9.35 million. Two weeks after closing on the second-floor unit, the Morgan Stanley exec put the apartment on the market for $16.5 million, cutting it down to $13.75 million in December. Now Metcalfe is chopping again: The pad is currently listed at $12.5 million. [Cityfile, Corcoran]
• Jason Capello, a partner until 2007 at Dwight Anderson's (now-doomed) hedge fund, Ospraie Management, has sold his 72nd-floor condo at the Time Warner Center for $16.25 million. [Cityfile]
• Hedge funder Steven Stuart, who left Fortress to co-found the Garrison Investment Group in 2007, has taken $1 million off the price of his 35th-floor apartment at the Park Laurel on West 63rd Street. The four-bedroom spread is now listed at $9.8 million. [Cityfile, Corcoran]

Madoff to Cop a Plea?

cityfile · 01/13/09 08:04AM

Were you hoping to see Bernie Madoff stand trial? Don't get your hopes up. His lawyer is reportedly talking to federal prosecutors about a plea deal whereby Madoff "would agree to plead guilty in exchange for some type of leniency." [NYT]

Happy Birthday

cityfile · 01/13/09 07:41AM

Author Jay McInerney turns 54 today. Nutty editor Atoosa Rubenstein is celebrating her 37th. Orlando Bloom is 32. Grey's Anatomy star Patrick Dempsey is turning 43. Grey's creator, Shonda Rhimes, is 39. Julia-Louis Dreyfus is turning 48. Former Citigroup CEO Charles Prince is 59. Former Hillary Clinton advisor (and now Citigroup exec) Lisa Caputo is turning 45. Socialite Renee Rockefeller is 41. And legendary American Idol reject William Hung celebrates his 26th birthday today.

Citi and Morgan Stanley Iron Out the Details

cityfile · 01/13/09 07:27AM

• Citigroup and Morgan Stanley may announce a joint venture combining their brokerage divisions as early as today or tomorrow. The firms have already agreed to set aside $2 billion and $3 billion to retain top brokers. [WSJ, NYP]
• The joint venture isn't giving Citigroup or its CEO, Vikram Pandit, much of a boost. Shares dropped 17 percent yesterday as investors grew concerned the deal was prompted by Citi's desperation more than anything else. [NYT]
• Close to 2,000 former Merrill Lynch employees in London have been laid off by new parent Bank of America. [Times UK]
• AIG is expected to sell its Canadian life insurance operations to Bank of Montreal to repay government loans. [BN]
• Federal Reserve chair Ben Bernanke says a fiscal stimulus won't be enough to spur an economic recovery. [BN]

Executive Stages Plane Crash, Fails To Fake Death

Ryan Tate · 01/13/09 06:54AM

Marcus Schrenker is surely one of the most memorable villains to emerge in the financial crisis: The "wealth management" advisor is believed to have crashed an airplane to fake his own death.

Ashley Shops a Book, Harvey Starts Smoking Again

cityfile · 01/13/09 06:48AM

• It looks like Ashley Dupre's 15 minutes of fame isn't entirely over jet yet: She was spotted at HarperCollins' offices and is now reportedly trying to sell a memoir. [P6]
• Hijinks at the Golden Globes: Leonardo DiCaprio asked CAA to construct a ladder so he could sneak into the agency's dinner last Friday and avoid the press. Adrian Grenier and Paris Hilton were denied entry to another event. And Harvey Weinstein appears to be smoking again: He was spotted taking cigarettes out of Hilary Swank's purse. [P6]
• It's not easy being a Forbes: The family is taking its Highlander yacht out of commission until summer and has fired the ship's crew in the meantime. [P6]
• Eddy Curry is being sued by his former chauffeur for sexual harassment, after the Knicks center allegedly tried to "solicit gay sex" from the driver and forced him to "perform humiliating tasks." [NYP]

Bill O'Reilly's Disaster Date With Chris Hitchens

Ryan Tate · 01/12/09 09:41PM

After his chat tonight with Bill O'Reilly, Christopher Hitchens asked for a second date: "We've barely got our trousers off," he said. The hawkish former Trotskyite had certainly pushed O'Reilly's buttons.

Ann Coulter Botches 'View' Audition

STV · 01/12/09 08:30PM

· Funny — from the way Ann Coulter makes it sound, you'd think she thought her latest work's comparisons to Mein Kampf are accidental.

Faux-bama Hot, Young, Less Dorky

Ryan Tate · 01/12/09 08:08PM

Staff Sgt. Derrick Brooks, 26, looks enough like the handsome president-elect that he's already kind of a big deal. Barack Obama doesn't see the resemblance. Jealous much?

Todd Barry, Katy Perry, And Norwegian Thrills

STV · 01/12/09 07:45PM

· Even without the onstage accompaniment of friends Sarah Silverman, Bob Odenkirk and Andy Kindler — who will all be on hand — you would still rush to see Todd Barry tonight at Largo.