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The latest news on Money Media from Business Insider

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    Maria Bartiromo

    It's been just over a month since Maria Bartiromo debuted her new show on Fox Business Network.

    It's off to a very slow start.

    There were high hopes when Fox Business hired Bartiromo from CNBC after two decades there. She's known for her deep Wall Street Rolodex and ability to book big-name guests. So the thought was that loyal CNBC viewers might follow Bartiromo to FOX.

    So far, it certainly doesn't seem like they are.

    Bartiromo's morning show, the "Opening Bell with Maria Bartiromo," which began on February 24, ranked 119th out of 123 cable news shows, according to first quarter ratings data posted by TVNewserThe other Fox Business shows that came in behind her were "Willis Report" and "Money With Melissa Frances," the data shows. 

    The ratings data shows that Bartiromo's show is reaching a total of 53,000 viewers. However, in the critical viewer demographic that FOX wants to reach — folks ages 25-54 — she's averaging only 7,000 viewers per show. 

    Bartiromo has one the best time slots of the day because it's around the opening of the market, which is generally the busiest time with breaking news and headlines, so these numbers are particularly disappointing. They're also lower than the viewership FOX was getting in this time slot before Bartiromo debuted.

    During January and February, when Stuart Varney's FOX Business show "Varney & Co." aired in the same 9-11 a.m. time slot, he was reaching a total of 110,000 households and 23,000 in the coveted demographic. So FOX Business' viewership has actually been cut in half in these hours since Bartiromo took over.

    Varney's show, meanwhile, has moved back two hours to the 11 a.m.-1 p.m. time period. The data shows that Varney averages 94,000 in total viewers and 16,000 in the demo. That's nearly double Bartiromo's viewers! 

    Meanwhile, CNBC's "Squawk On The Street" (9-11 a.m.) was doing roughly 200,000 in total viewers and about 45,000 in the key demo during the first quarter, the data shows. CNBC's "Closing Bell," which used to be hosted by Bartiromo and is now hosted by Kelly Evans, had about 36,000 viewers in the demo and roughly 188,000 total households during that period.

    Across the board for the financial news, the ratings in general are lousy. CNBC's ratings recently hit their lowest level in 20 years.

    Still, this is certainly not a strong start for Bartiromo, whom FOX is paying a reported $4-5 million a year.

    Bartiromo is new to the Fox audience. She does have a Sunday show on Fox News Channel that will help expose her to a more general audience and help viewers get to know her better. 

    We reached out to FOX Business for comment.  We will update this article if we hear back.  

    Here are the Q1 ratings data:

    Q1 2014 Cable News Ranker A25-54 by tvnewser

    Join the conversation about this story »


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    Day in the life Cristina Alesci

    It takes a special kind of person to cover deals. You have to be smart, persistent, easy to talk to and most importantly, tireless.

    Bloomberg's star M&A reporter Cristina Alesci is all of those things. And when she's not chasing scoops, writing stories, or doing TV spots, she's probably practicing her mixing skills on her turntables at home.

    Multitalented, no?

     

    5 a.m.: I wake up and I immediately head to the kitchen for coffee, then scan Bloomberg, WSJ, NYT, Business Insider and Twitter. Love the smell of headlines in the morning!



    Bloomberg TV is blasting in our home. This early, I get to see what my London colleagues Francine Lacqua and Guy Johnson are up to.



    The great rotation of clothes: I'm in and out of the closet in 2 minutes flat.



    See the rest of the story at Business Insider

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    9 am: My fairy godmothers have the power of transformation with a wave of their curling wand.

    CNBC anchor Mandy Drury showed us what a typical day is like for her.

    The Australian native rides a scooter (in heels!) when she takes her kids to school in New York City. Then she heads to Englewood Cliffs, New Jersey to prepare for her 2 p.m. show "Street Signs."

    After that, it's time to pick up the kids from school and head home to prepare dinner. 

    Our guide for the day...Mandy Drury



    6:30 am: Nothing beats my 10 year old alarm clock. It doesn't keep time very well, but it has a money back guarantee of waking you up in a good mood.



    7 am: Getting my morning jolt on, in order of importance. Jolt of caffeine, jolt of home and jolt of something I'm told is good for me.



    See the rest of the story at Business Insider

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    We'll keep this short and sweet.

    Money manager, pundit and author Joshua Brown (aka The Reformed Broker) has a new book coming out this month co-authored with Jeff Macke. It's called 'Clash of the Financial Pundits' and it's basically about every stupid/insightful/crazy thing every talking head's ever said about finance.

    "The idea behind the book was to humanize the market commentators and give investors better context for the daily barrage of opinions about the markets and economy," Brown told Business Insider.

    Word is, it also includes the back story of Macke's epic meltdown on CNBC a few years ago.

    So you want this book, and if you want to get it in your hands for free, all you have to do is win a contest. Check out the Sgt. Peppers-type graphic below and see if you can name every pundit. If you can, you get a signed copy of the book.

    "The graphic comes from New York-based artist @Darth, whose instant creations have been lighting up Twitter for a long time now," said Brown. "I got him a list of the people who are mentioned in the book and he basically figured out all the placement and who should be where. I'm happy to point out that I am Paul McCartney and my co-author is Ringo - but don't read too much into it."

    The first five people to ID the pundits and e-mail me with their answers wins (llopez@businessinsider.com).

    Good luck, and don't mess it up.

    clash graphic

     clash graphic

    Join the conversation about this story »


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    The biggest hedge fund conference of the year, SALT Las Vegas, just kicked off Wednesday morning.

    On Tuesday, though,  everyone gets in, sees who's there, and finds out what clubs everyone's going to each night — it's Wall Street in Vegas so there are going to be parties. Lots of them.

    Tuesday is also a great opportunity to get some pool time in before the serious lectures start, and Business Insider ran into none other than Fox Business News' Charlie Gasparino. He was wearing a fanny pack and chilling out nice and relaxing all cool in his wife beater.

    He said: "The fanny pack is the greatest invention since the umbrella." Verbatim.

    What else did you think he would wear?

    charlie gasparino fanny pack

     

    Join the conversation about this story »


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    susan krakower

    Long time CNBC executive  Susan Krakower is leaving CNBC to restart iconic finance show "Wall Street Week" with SkyBridge Capital, says a source close to the situation.

    Krakower is best known for developing shows like "Fast Money" and "Mad Money." She has been at CNBC since 2002.

    SkyBridge is a fund of funds and hedge fund advisory firm helmed by Anthony Scaramucci.

     It is unclear how this new iteration of "Wall Street Week" will be distributed — on television or digitally. Back when the show first debuted in 1970 it was produced by Maryland Public Television, and then started airing on PBS nation wide in 1972.  The show ran until 2005. 

    [UPDATE] The press release just came out:

     

    Las Vegas, NV (May 15, 2014) –  SkyBridge Capital (SkyBridge), a global investment management firm and producer of the SALT Conference currently underway in Las Vegas, today announced it has licensed the rights to the iconic financial television program “Wall Street Week” from Maryland Public Television. Susan Krakower and Raymond Borelli, both formerly of CNBC, have joined SkyBridge to oversee creative development, programming and distribution plans for the show’s revival.

     

     

    The new Wall Street Week will be an extension of the content, people and predictions that have been the hallmark of the SALT conference since its inception six years ago.

     

     

    SkyBridge will develop a weekly show and ancillary content utilizing the “Wall Street Week” (WSW) moniker. WSW, originally hosted by Louis Rukeyser, was the must-watch program among investors Friday nights on PBS for 35 years (1970-2005). At its peak, the show aired on more than 300 stations nationwide and had over four million weekly viewers.

     

     

    “‘Wall Street Week’ was once the most powerful name in financial television. We will recreate the premier platform for both retail and institutional investors to tune in for a thoughtful analysis of the markets and other relevant financial topics,” said Anthony Scaramucci, founder and co-managing partner of SkyBridge. 

     

     

    Ms. Krakower will join SkyBridge as Chief Creative Officer on June 2.  Most recently, she served as senior vice president of strategic programming and development at CNBC. In her more than 11 years with the leading financial network, Ms. Krakower was responsible for the creation of numerous programs, including “Mad Money with Jim Cramer” and “Fast Money,” two programs that redefined business news.

     

    Mr. Borelli has joined SkyBridge as a managing director of content this past December. Previously, he was senior vice president in charge of strategic research, scheduling and long form programming at CNBC. Mr. Borelli brings more than 25 years of media experience to SkyBridge, having previously held leadership roles at NBC, Fox Broadcasting and the National Basketball Association. 

     

    Victor Oviedo, partner and Chief Innovation Officer at SkyBridge, who originated the SALT Conference commented, “We are excited to welcome Susan and Ray to our team. Their combined breadth of programming and media industry experience will serve as a tremendous asset as we build on this initiative – the first of many to extend the impactful content of SALT year-round.”

    Join the conversation about this story »


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    todd harrison

    Thirteen year-old financial news website Minyanville is getting out of the digital media business because it's a "broken" model, the company's CEO and founder Todd Harrison writes.

    Here's the core of his argument: 

    The secular online publishing dynamic has shifted quickly, and there's desperation in the air. I would argue the digital media model is broken, with most of the players chasing clicks and treading water. Online financial-content companies have been struggling to reach profitability for years, and many are still hugging the flatline; simply put, it's not a destination we aspire to. (Minyanville was marginally profitable last year.)

    And the fundamentals are deteriorating. As syndication algorithms shift and content becomes even more commoditized, the volume of noise is rising with less being said, while CPMs (what advertisers pay publishers) trend lower as a function of automation.

    That leaves subscriptions and licenses, which become tougher sells in an information-overloaded, in-your-face multichannel environment. That devolved into a fear-mongering, can-you-top-that headline chase, which is both unfortunate and inconsistent with our brand ethos. 

    Minyanville doesn't appear to be going away, though. Harrison, a former Wall Street trader, makes it sound as if they're willing to sell to a financial firm. 

    ...I also believe that there is demand for our assets and abilities; entry into this space is a buy-or-build decision for the brokers. We'll soon see if 13 years later, we're in the right place at the right time -- the market will determine fair value, and we'll know by year-end.

    As we pivot toward financial services, we'll publish our real-time smart market commentary, work with clients to drive results, and satisfy our obligations in the marketplace.  All the while, we'll maintain an open dialogue with our community as we explore next steps with potential partners. I don't know what the future holds, but we're shifting our strategic approach and communicating in good faith. 

    Read Harrison's full blog at Minyanville »

    Join the conversation about this story »


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    Bloomberg Businessweek put total babe Thomas Piketty on its cover this week — at least, that's what you can glean from the cover's Cosmo Girl design.

    True, Piketty is the it-boy of economics right now thanks to his book on inequality, Capital in the 21st Century. So much so that Dr. Doom, Nouriel Roubini is fading from memory and even unquestionable capitalist Carl Icahn has nice words to say about the work — but maybe (just maybe) calling Piketty Carl Marx's new crush is too far.

    Or maybe not. It seems that the controversy surrounding his book after the FT criticized some of its findings hasn't calmed what Bloomberg Businessweek calls, "Pikettymania."

    Check out the cover below:

    Join the conversation about this story »


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    anthony scaramucci

    CNBC executives are furious at SkyBridge Capital founder Anthony Scaramucci for relaunching iconic business program "Wall Street Week."

    That's why the popular contributor hasn't been on air since June 3.

    The trouble started last month at SALT Las Vegas — SkyBridge's massive hedge-fund conference. That's when Scaramucci announced on CNBC that the firm would be restarting the show with the help of former CNBC executive Susan Krakower. Krakower developed shows like "Fast Money" and "Mad Money With Jim Cramer."

    Part of the issue is that CNBC executives were blindsided when they learned of the deal at SALT. Sources close to the situation told Business Insider that Scaramucci didn't tell CNBC because he had signed a nondisclosure agreement with Maryland Public Broadcasting, his partner in the "Wall Street Week" relaunch deal.

    But that excuse didn't mollify anyone at CNBC. Executives feared the weekly show would be a competitor to their programming and were still livid at Scaramucci, who has an exclusive contributor contract with the network.

    The network has three years left on its exclusive four-year deal to cover SALT, which draws some of the biggest names in finance.

    All that said, sources say that it looks like the Mooch (as he is lovingly called) will work everything out with CNBC.

    It was pretty ugly for a minute there, though.

    Join the conversation about this story »


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    anthony scaramucci

    It's well known that CNBC is really protective of its guests and talking heads. If you're a guest, you have to be on CNBC before any other network.

    If you have a contributor deal there, you can kiss any appearances on Bloomberg TV or Fox Business News goodbye.

    So it's a big deal that Anthony Scaramucci, SkyBridge Capital founder and host of the massive hedge fund conference, SALT, is going to be on Fox Business today at 3:25 pm. He'll be joined by another CNBC alum, Charlie Gasparino.

    Wonder what they'll talk about...

    Last month, Business Insider reported that CNBC executives were furious at Scaramucci for relaunching iconic business program "Wall Street Week." At SALT Las Vegas in May, he announced on CNBC that his firm would be restarting the show with the help of former CNBC executive Susan Krakower. Krakower developed shows like "Fast Money" and "Mad Money With Jim Cramer."

    Unfortunately, shortly after that Scaramucci's contributor contract with CNBC was up for negotiation. Executives dangled it over his head, hoping that he would back down from launching 'Wall Street Week.'

    He wouldn't. But he was also confident that he and CNBC would be able to work things out.

    Now he's going to be on Fox Business News.

    No one's talking about whether or not this means the absolute end of Anthony Scaramucci's CNBC contract.

    UPDATE: Here's Scaramucci on set.

     

    Join the conversation about this story »


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    steve forbes

    Forbes Media — the publisher of Forbes magazine — has agreed to sell a majority stake in the company to a group of international investors.

    The company has been known for a long time to be looking for a buyer of its magazine and website.

    Instead, the company will sell a majority stake to a group of investors lead by a group in Hong Kong.

    According to Re/code's Peter Kafka, the stake reportedly gives the company a $475 million valuation.

    Current investor Elevation Partners will no longer hold a stake after the transaction, the release said.

    Here's the full release: 

    NEW YORK, NY (July 18, 2014) -- Forbes Media LLC today announced an agreement under which a group of international investors will purchase a majority stake in the company.  The Forbes family will retain a significant ownership stake, will stay actively involved in Forbes Media and will work with the investor group to further increase market share of the existing Forbes Media product lines in media, digital, technology, as well as brand extensions.  Upon closing, Elevation Partners will fully exit its investment in Forbes Media.  The terms of the transaction were not disclosed.

    The newly formed Hong Kong-based investor group Integrated Whale Media Investments (“IWM”) is composed of international investors.  The group is led by Integrated Asset Management (Asia) Limited (“IAM”).  IAM, which was founded by Tak Cheung Yam, is a Hong Kong-based investment company primarily engaged in public and private equity investments, with expertise in telecommunications, finance and technology.  Another significant investor in IWM, Wayne Hsieh is the Co-Founder of ASUSTeK Computer Inc., one of the world’s leading PC vendors and the No.1 motherboard manufacturer in the world.  He is based in Singapore.

    The investor group will provide capital, as well as financial and operational expertise, and intends to leverage its international relationships to strategically enlarge Forbes Media’s reach on a global scale.  In partnership with IWM, Forbes Media will build on the wide and rapidly expanding appeal of the Forbes brand that today reaches approximately 75 million people worldwide with its business message through print, digital, TV, conferences, research, social and mobile each month.  The group supports Forbes Media’s ongoing transformation into a global media, branding and technology company.  Forbes Media is profitable and, in 2013, achieved its best financial performance in the last six years. 
     
    Forbes Media LLC will retain its operating name and will remain a privately-held, independent company headquartered in the U.S.  Steve Forbes will maintain his role as Chairman and Editor-in-Chief, and current President and CEO Mike Perlis will continue to lead the company’s management team.  Forbes Media’s Asian business will continue to be directed out of Singapore under Forbes Media CEO/Asia Will Adamopoulos.  

    “This is a major milestone for the company and our family, and we’re pleased to partner with a forward-looking investor group to further drive the evolution and growth of this exceptional company,” said Steve Forbes, Chairman and Editor-in-Chief of Forbes Media. “Our partners respect our brand and values, and support our longstanding mission of championing entrepreneurship and free market capitalism through quality, independent business journalism.  The best evidence of their commitment to what we stand for is their insistence on the continued involvement of the Forbes family, the current management and our highly talented editorial team.  I will remain deeply involved in the future of the company.

    “We are investing in the Forbes brand, history, family involvement and a management team that is successfully transforming the company. Forbes Media is built around a brand that is synonymous with success and a mission that has tremendous respect and global appeal in established and growing markets around the world.  As more market-based economies emerge globally, interest in the information that Forbes provides and the message it delivers resonates with a growing audience,” said Tak Cheung Yam, Chairman and Founder of IAM.  “Given the tremendous growth of digital in the past decade, Forbes Media’s future plans will include additional internet and social media expansion projects.  Together with the Forbes family and the management team, along with the appropriate strategic and financial support, we will find new ways to unlock the value of the Forbes brand.”  

    “We see enormous potential to extend the Forbes brand, building on its innovation and the solid foundation of a media company known for excellence in business journalism with an extensive print and digital footprint and a diverse array of branded products,” said Wayne Hsieh, Co-Founder of ASUSTeK Computer Inc

    “This significant investment in the company is a strong endorsement of the global strength of our brand, as well as our progress and innovative plans for continued growth,” said Mike Perlis, President and CEO of Forbes Media.  “We are combining the best of our historic legacy with an infusion of new resources, capabilities and expertise to accelerate Forbes Media’s global growth.  We already work with members of IWM’s management through our existing real estate and financial services lines of business.  Our partners fully appreciate the power of the Forbes brand to attract new audiences in diverse markets all over the world – a foundation we look forward to building on together.” 

    Forbes Media has built a diversified portfolio of assets, while maximizing the power of the Forbes brand across multiple categories, including media, digital, technology and branded products.  In the U.S., Forbes magazine, the iconic front door to the Forbes brand, has increased its readership to more than 6 million.  Internationally, since 2008, Forbes has expanded its publishing activities from 9 licensed local editions around the world to 36, covering 63 countries in 21 different languages.  Forbes’ digital footprint has exponentially broadened as Forbes.com has transformed from a web site to a robust publishing platform.  Currently, Forbes has 24 international web sites.  The company’s growth has also been fueled by new brand extensions, including conferences, real estate, education, financial services and technology license agreements. 

    “Elevation has been a great partner with Forbes Media over the past eight years.  This collaboration has enabled us to position ourselves for the next phase of growth that we see ahead with IWM,” added Steve Forbes.

    Completion of the transaction is expected to take place this year and is subject to customary closing conditions.

    Deutsche Bank served as financial advisor, and Cadwalader, Wickersham & Taft LLP served as legal advisor to Forbes Media.  Credit Suisse (Hong Kong) limited served as financial advisor, and Skadden, Arps, Slate, Meagher &. Flom LLP and LKP Global Law LLP served as legal advisors.  RSM Nelson Wheeler performed the financial and tax due diligence work for the investor group.

    Join the conversation about this story »


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    Time to read in.

    Scott Wapner, the anchor of "Halftime Report," is a big star over at CNBC.

    He works hard, he books big-name guests, and he's constantly getting big scoops and breaking news. 

    We also can never forget the time he beautifully refereed the historic on-air brawl between billionaire hedge fund titans Carl Icahn and Bill Ackman.

    He was also the one who helped bring the pair of longtime rivals together to hug it out on stage at the CNBC Delivering Alpha Conference. 

    Wapner gave us a glimpse into what his typical day is like. 

    Here's our guide, Scott Wapner.



    Decisions, decisions.



    How every day begins. A huddle with my guys.



    See the rest of the story at Business Insider

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    Dan Doctoroff

    The latest Bloomberg News made some people think that they were getting ripped off for their annual bonuses.

    Outgoing CEO Dan Doctoroff wrote in his memo that revenues for 2014 were $9 billion.

    From Doctoroff's memo: 

    "Company revenues increased from $5.4 billion in 2007 to over $9 billion in 2014 in spite of the impact of the financial crisis and its aftermath."

    A tipster tells Business Insider that the revenue number as of June 30 was pegged $8.48 billion, not $9 billion.

    A Bloomberg insider also complained to Chris Roush at TalkingBizNews because reporters' annual bonuses depend on the media giant's financial results. So if the revenue is actually at $9 billion, then that would have implied bonuses should have been higher.

    A source familiar with the discrepancy explained: That $9 billion number Doctoroff cites is projected revenue for the year and it's inclusive of the Bureau of National Affairs — a subsidiary of Bloomberg LP —whereas the previous number didn't include the BNA.

    Join the conversation about this story »


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    Raoul Pal

    Former global macro fund manager Raoul Pal doesn't think financial television channels are providing real value for viewers. 

    That's why Pal has decided to take matters into his own hands by launching Real Vision Television — an on-demand, subscription video service providing a library of content on economics and investing. 

    "It's a real mix of things; it's somewhere between TED and Netflix and The Economist," Pal told Business Insider in a telephone interview.

    For the project, he teamed up with Grant Williams, the author of the newsletter Things That Make You Go Hmmm; U.K.-based advertising executive Damian Horner; and his own colleague Remi Tétot.  

    They felt that financial TV wasn't offering content that they wanted. For example, they didn't care about watching a company CEO go on about how great his or her firm was doing despite the economy.  

    "At its very core, I think we felt that people — general investors and the general public — were not getting access to open and honest discussion about economic and investment state-of-affairs," Pal said. "We think the world is kind of incredibly complicated right now, and people need to see a broader range of discussions to make their own decisions." 

    The launch of Real Vision Television also comes at a time where CNBC has just hit a 21-year low for viewership.

    Pal is well-known in the global macro space. He's a Goldman Sachs alumnus, and he co-managed GLG's global macro fund — one of the largest in the world. In 2004, he retired from managing money at age 36. Even out of the game, he has remained on the radar of some of the most brilliant global macro investors in the world.

    And even if you have not heard of Pal, you may recall an epic presentation he published back in 2012.

    The grim deck was called "The End Game," and in it he predicted a series of sovereign debt defaults and "the biggest bank crisis in history." While that didn't happen, Pal told us that the debt dynamics were still there and that "nothing" had been resolved.

    Pal, who lives in Spain, is the author of the highly regarded research publication The Global Macro Investor, which is read by the hedge fund elite (Hayman Capital's Kyle Bass once mentioned it in one of his fund's letters). A subscription to Pal's publication costs tens of thousands of dollars. Only a handful of people have access to the publication, and it never leaks to the public or the media.

    Pal's Real Vision Television will give more people access to his insights. It will include discussions with research analysts, hedge fund managers, newsletter writers, traders, etc. 

    Many of the well-known fund managers and analysts don't appear on people's radar screens because they don't tend to seek publicity or make media appearances. Pal nevertheless knows a lot big names that would contribute.  

    "The good thing is because we know so many of these people, because we've been around so long, that they were willing to get on board with us and help us with our mission," Pal said.

    A subscription for Real Vision Television will cost $400 per year. Right now, you can subscribe for $200. 

    "We want to make it affordable," Pal said. "That's the very idea — the idea is not to be an exclusive service. It's a way of educating a whole load of people in the way that they should be." 

    Real Vision Television

    Join the conversation about this story »


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    Scaramucci

    After blacklisting SkyBridge Capital CEO Anthony Scaramucci from its airwaves and refusing to renew his exclusive contributor deal, sources say CNBC was ready to ask "The Mooch" (as he is often called) to come back home.

    But it was too late — Scaramucci had already decided to sign a contributor deal with Fox Business News.

    The trouble started this summer when Scaramucci announced that SkyBridge, a fund of fund and hedge fund advisory firm, had purchased the rights to relaunch the legendary Wall Street show "Wall Street Week." Produced by Maryland Public Television, the popular program aired nationwide from 1972 to 2005.

    CNBC did not like that Scaramucci did not make them aware of his deal with MPT, or that he hired former CNBC executives Susan Krakower and Raymond Borelli to reimagine and produce the show.

    All of a sudden, Scaramucci was competition, and when his exclusive contributor contract was up for renewal, CNBC gave him an ultimatum — choose between CNBC and "Wall Street Week."

    Scaramucci chose to keep his show.

    As recently as last week, though, CNBC's lawyers contacted SkyBridge, ready to re-sign Scaramucci and consider working with "Wall Street Week." SkyBridge did not return CNBC's call.

    CNBC would not comment on this story.

    It remains to be seen what will happen with CNBC's exclusive contract to televise SkyBridge's premier hedge fund conference, SALT. Two years and three conferences are still left in the deal.

    In the meantime, SkyBridge is continuing to work on "Wall Street Week,,and the show could hit the airwaves as soon as the first quarter of 2015.

    It's just not clear exactly where yet.

    Join the conversation about this story »


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    Rich Ilczyczyn

    Trader and CNBC "Futures Now" contributor Rich Ilczyszyn died on Saturday, CNBC executive producer Max Meyers writes. He was 46.

    "So sad [about] the passing of my friend and colleague," the web show's host Jackie DeAngelis tweeted on Monday. "My heart goes out to his family." 

    "Rich had a love for life as well as an appreciation for the fragility of it. He always encouraged others to live fully and spend time with those they love and hold dear," Ilczyszyn's family said in a statement to CNBC.

    Ilczyszyn was the founder of iiTrader, an independent introducing broker. Before that, he spent nearly a decade as a floor trader and broker in Chicago, according to his bio. 

    He is survived by his wife, two daughters, and son.

    The cause of death wasn't immediately available.

    Join the conversation about this story »


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    The "Oracle of Omaha" Warren Buffett serenaded Carol Loomis at Fortune's "Most Powerful Women Summit" on Monday evening. 

    Buffett teamed up with singer-songwriter Paul Anka to create their own version of Frank Sinatra's classic "My Way" as a tribute to Loomis.

    Loomis, a long-time friend of Buffett and editor for Berkshire Hathaway's annual letters, retired from Fortune this summer after spending 60 years at the publication. 

    Here's the video: 

    Join the conversation about this story »


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    Jay Leno EcoJet AP

    Comedian Jay Leno, the former host of NBC's "The Tonight Show," is working on a deal for a CNBC show, The Hollywood Reporter reports, citing unnamed sources.

    Leno, a fixture for the late-night NBC talk show, retired earlier this year after 22 years on-air. 

    According to THR, Leno's new show would focus on his passion for cars.

    The 64-year-old comedian has an incredible collection of 150 cars and motorcycles. He also has a web series on NBC.com called "Jay Leno's Garage."

    If the CNBC deal goes through, the show would be part of the network's primetime lineup.

    The financial network has seen its daytime ratings struggle in the past few years. Primetime, however, seems to be the bright spot for CNBC lately. CNBC's primetime ratings saw a serious boost after it began airing re-runs of "Shark Tank."

    A CNBC spokesperson declined to comment. 

    SEE ALSO: The 25 coolest cars in Jay Leno's garage

    Join the conversation about this story »


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    Forget Halloween... Let's just call it Stephanie Ruhle Day! 

    All Hallows Eve is the Bloomberg TV star anchor's favorite holiday and she owns it. 

    "I love Halloween because—unlike most holidays—there is no gift, travel, family or meal pressure. It's just about a great party. I especially like costumes because everything is better when you are wearing an afro or a mustache. I spend my days interviewing people, so the last thing I want to do on a Friday night is walk into a crowded cocktail party and discuss jobs, real estate or school admissions....I am however interested in where a stranger may have picked up his chaps or her go-go boots," Ruhle told Business Insider. 

    She's going to debut two costumes this year. Here's the first one of Ruhle and her husband dressed and Bruce and Kris Jenner.

    Stephanie Ruhle

    Here's another shot to get the full effect. 

    stephanie ruhle

    In case you're in need of some inspiration, check out some of Ruhle's past costumes she's been posting to social media for the month of October. 

    Katy Perry and Russell Brand

    Stephanie Ruhle

    They're a great duo... 

    Stephanie Ruhle

    80s pop star Debbie Gibson and He-Man

    Stephanie Ruhle

    "Rock of Love"

    Stephanie Ruhle

    The milk man and the house wife

    Stephanie Ruhle

    Blair Waldorf and Chuck Bass

    Stephanie Ruhle

    Paris and Nicky Hilton

    Stephanie Ruhle

    The Osbournes

    Stephanie Ruhle

    "The Jersey Shore" 

    Stephanie Ruhle

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  • 11/07/14--10:04: Meet The Women Of CNBC
  • Melissa Lee 2013Since we brought you the women on screen at Bloomberg last week, we couldn't leave CNBC out.

    This 25-year-old network has seen changes to the faces on air just like the competition.

    Maria Bartiromo was still on the network the last time we brought you this feature, but she's since ditched her home of 20 years to join Fox Business News.

    But the women on CNBC, vets and newbies, are still killing it.

    SEE ALSO: The Best Dressed Journalists On Financial TV

    Amanda Drury

    What she does: Co-anchor of "Street Signs" 

    Background: Drury has been a financial journalist for over 10 years. She began as a Bloomberg TV anchor between 1999 and 2000. She anchored two morning shows at CNBC Asia Pacific before joining the network in the US in May 2010. She regularly appears on MSNBC's "Jansing & Co" and NBC's "Today" show.

    She earned a bachelor's degree in fine arts, Japanese and French from the University of Melbourne and attended the Australian Film, Television and Radio School.



    Melissa Lee

    What she does: Host of "Fast Money"& "Options Action"

    Background: Lee worked for Bloomberg TV and CNN Financial News before joining CNBC in 2004. She has reported several award-winning stories and documentaries. Before her journalism career, she was a consultant at Mercer Management Consulting.

    Lee graduated with honors from Harvard College with a BA in government. She was also assistant managing editor of the Harvard Crimson. 



    Becky Quick

    What she does: Co-anchor of "Squawk Box" and anchor of nationally syndicated "On the Money"

    Background: Quick was the editor of her college newspaper while studying at Rutgers University. She graduated with a BA in political science in 1993 and worked at the Wall Street Journal for seven years. She helped with the site's launch and was its international news editor before she joined CNBC in 2001.



    See the rest of the story at Business Insider

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