Deputy editor of the Wall Street Journal's MoneyBeat blog. San Francisco Giants fan. Enchilada maker. Amateur cat behaviorist.

Buffett Castigates Wall Street, Bankers on Blunders (Update3)

bloomberg.com — May 5 (Bloomberg) -- Billionaire Warren Buffett castigated investment bankers, home lenders and regulators for letting the financial system spin out of control and causing a run on Bear Stearns Cos. that almost brought down more of the biggest banks.

As Its Watch Launch Ticks Closer, Apple Gets a Downgrade

blogs.wsj.com — The Apple Watch won't be a game changer-not any time soon, anyway. That's the verdict from Societe Generale analysts Andy Perkins and Peter Knox, who cut their rating on Apple Inc. Wednesday and warned investors to keep their eye on what really matters for the tech giant: iPhones.

Hedge Funds Bet Big on PetSmart Price Bump

blogs.wsj.com — A hedge-fund investing strategy aimed at squeezing more money from corporate takeovers has its biggest test yet: PetSmart Inc. The specialty retailer's recent $8.25 billion buyout has drawn big bets from several well-known hedge funds, which bought shares on the brink of the deal's closing in January and are laying the groundwork for a court battle over the $83-a-share buyout price, according to filings and people familiar with the matter.

Axalta Gets the ‘Buffett Bounce’ After Berkshire Takes Stake

blogs.wsj.com — Shares of Axalta Coating Systems Ltd. are popping Tuesday morning after the paint company announced that Warren Buffett's Berkshire Hathaway Inc. was taking an 8.7% stake. The $560 million investment is tiny by Berkshire's standards, and Mr. Buffett's company offered no clue as to what its next step might be, but word of the transaction was enough to inspire some copycat investors to pile in to the paint company.

Deals of the Day: Macerich Rejects Simon, GoDaddy’s IPO Prices

blogs.wsj.com — Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here's what's happening today: Macerich rejects Simon. Macerich Co. rejected the "best and final" bid from Simon Property Group Inc., which promptly withdrew its $16.8 billion offer, ending for now the possible combination of rival mall operators in the U.S.

PolyPid Delays Its IPO, But Says Its Not Because of Biotech Selloff

blogs.wsj.com — Specialty pharmaceutical company PolyPid Ltd.'s withdrawal of its IPO Thursday had some traders and investors wondering if the biotech sector's recent tumble had spilled over into the equity capital markets. But Asaf Bar, chief business officer, says the Israel-based company's decision to withdraw plans for an IPO had nothing to do with the sell-off.

Warren Buffett Has Stepped on Some Toes in His Long Dance With Kraft

blogs.wsj.com — Warren Buffett, a fan of iconic brands and an unabashed lover of junk food, has long admired the products that are under the Kraft Foods Group Inc. umbrella. And his ties to parts of the firm go back decades. But he hasn't always been a fan of the way the company's been run.

Deals of the Day: Kraft Heinz Edition

blogs.wsj.com — Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here's what's happening today, starting with the big news involving Warren Buffett, 3G, Kraft and Heinz: Buffett and 3G nab Kraft. Kraft Foods Group Inc.

Buffett’s Berkshire to Be Largest Shareholder in New Kraft Heinz

blogs.wsj.com — The deal that's bringing together H.J. Heinz Co. and Kraft Foods Group Inc. is a complicated one, but for Warren Buffett aficionados, here's the part that matters: His Berkshire Hathaway Inc. will be the largest shareholder in the new firm.

Deals of the Day: Hutchison Nears O2 Deal, Another Ocwen Sale

blogs.wsj.com — Deals of the Day is your one-stop-shop for the morning's biggest news from the finance beat, including M&A, IPOs, banks, hedge funds and private equity. Here's what's happening today: Hutchison nears O2 deal. Li Ka-shing's Hutchison Whampoa is close to cementing its $15 billion acquisition of U.K.
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Apr 10, 2015

Trying to outrace Wall Street is folly. So why are investors getting twitchier? on.wsj.com/1DPHEbH pic.twitter.com/yoW59AKmn1

Apr 09, 2015

I keep reading all of these hummus-recall tweets as "humans," and keep wondering when Sabra got involved in human trafficking.

Apr 09, 2015

Meet the activist investor targeting the activist investor who runs Steak 'n Shake on.wsj.com/1ItLb0g pic.twitter.com/22ShjYc6Rq

Apr 09, 2015

The Annotated Jamie Dimon: Notes and comments on J.P. Morgan's annual letter on.wsj.com/1JrJJcL pic.twitter.com/IsC2T63PD6

Apr 08, 2015

Shell’s deal for BG Group is huge, but the adviser team is small, in line with recent trends on.wsj.com/1O8tNi3 pic.twitter.com/fTOQiDF1In

Apr 08, 2015

Shell’s deal for BG is huge, but the adviser team on the merger is small, in line with recent trends, says @turnergs pic.twitter.com/iq13ygZpng

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