The Flack (Free subscription) | 09/30/2008
The Times's Andrew Ross Sorkin today draws our attention to the exuberance displayed by those financial titans whose companies were a hair's breath from insolvency. In the piece, he cites buoyant prognostications by the CEO or CFOs of Wachovia, Lehman Brothers and Bear Stearns, all of whom made the media rounds to extol the virtues of their (failing) enterprises. "It is a conundrum...
Calculated Risk (Free subscription) | 10/03/2008
From Charlie Rose: A discussion about the economy with Mort Zuckerman & Andrew Ross Sorkin
seeking spirit (Free subscription) | 10/02/2008
36 Hours of Alarm and Action as Crisis Spiraled By JOE NOCERA Published: October 1, 2008 This article was reported by Andrew Ross Sorkin, Diana B. Henriques, Edmund L. Andrews and Joe Nocera. It was written by Mr. Nocera. Top, Richard Drew/Associated Press; middle, Win McNamee/Getty Images; bottom, Lauren Victoria Burke/Associated Press Mark Lennihan/Associated Press Lehman...
The Media Mob (Free subscription) | 10/02/2008
No, it's not another one of those " 36 Hours In... " pieces from the 'Travel' section, it's actually a tick-tock by Joe Nocera with reporting by Andrew Ross Sorkin, Diana B. Henriques, and Edmund L. Andrews.
Talking Biz News (Free subscription) | 09/30/2008
Stephanie Smith of Women’s Wear Daily talked to Andrew Ross Sorkin of the New York Times about his plans to write a book on the current Wall Street turmoil. Smith writes, “In Sorkin’s case, he admits ‘the hardest part about this book is to figure out where the story begins and where it ends. It’s still [...]
Talking Biz News (Free subscription) | 09/30/2008
CNBC “Mad Money” host Jim Cramer apologized on his show Monday night for recommending Wachovia stock and for comments made two weeks ago by company CEO Robert Steel, who said everything was fine with the bank, writes Andrew Ross Sorkin of the New York Times. Sorkin writes, “It didn’t help that Mr. Cramer later told his [...]
Talking Biz News (Free subscription) | 10/01/2008
... the economy, they want to know what’s going on, which is why CNBC’s ratings have skyrocketed and Andrew Ross Sorkin , as one of apparently ten to fifteen people who can report stories on this, has had like twenty page-one bylines in the past two weeks. “‘I’d say it is just the opposite,’ Sorkin confirmed when we asked him what he thought of Starkman’s assertion. ‘Financial...
DealBook (Free subscription) | 09/30/2008
Many chief executives of troubled companies put on a happy face for the public — right before their companies go off a cliff, Andrew Ross Sorkin notes in his latest DealBook column. These efforts to bolster confidence, he writes, have become especially conspicuous amid the current financial crisis — with the C.E.O.s of firms like [...]
Below The Beltway (Free subscription) | 09/29/2008
Another one bites the dust: Citigroup has agreed to buy Wachovia’s banking operations in a government-brokered deal, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders, The New York Times’s Eric Dash and Andrew Ross Sorkin reported Monday morning. As part of the deal, Citigroup will [...]
The Huffington Post (Free subscription) | 09/29/2008
Citigroup is near a deal for Wachovia, a move that that would concentrate power within the nation's banking industry in the hands of a few giant lenders, The New York Times's Eric Dash and Andrew Ross Sorkin reported Monday morning. Citigroup executives are meeting to complete the deal Monday morning, people briefed on the matter said, cautioning that the talks could unravel. Wells...
DealBook (Free subscription) | 09/29/2008
Citigroup is near a deal for Wachovia, a move that that would concentrate power within the nation’s banking industry in the hands of a few giant lenders, The New York Times’s Eric Dash and Andrew Ross Sorkin reported Monday morning. Wachovia, the nation’s fourth-largest bank, had been negotiating to sell itself to Wells Fargo or Citigroup, [...]
