There have been a lot of analogies to describe the financial pain of the current economic recession, but CCMP Capital Chairman Gregory Brenneman evoked a more holy view. “A prolonged recession feels a little Biblical to me. It’s like the story of Joseph — seven years of feast, seven...

Blackstone’s CEO Stephen Schwarzman, who didn’t take a bonus this year, sounds pretty frustrated with the public market’s attitude to Blackstone’s stock. A discussion about the firm’s dividend — it is eliminating the fourth quarter but thinks 2009 will be OK —...

Financial public relations firms, who elevated the honing of corporate messages to a highly profitable art form, are having to adapt their businesses and in some cases cut staff as the economic gloom intensifies. With far fewer deals to publicize and lucrative “retainer” contracts under pressure,...

Deal-making in the U.S. media and entertainment sectors is going to be down this year, says a new PricewaterhouseCoopers survey (request a copy here). Now, that’s not a new or startling conclusion given the state of the economy, but it’s just another piece of evidence that when consumers...

Given Citigroup stock’s dizzying tumble toward nationalization (wipeout) levels, it would appear Uncle Sam’s conversion of Citi preferred shares into common broadly supported anyone shorting the stock. The government did a deal to convert $25 billion of its Citi preferred stock, giving it...

By Simon Falush   So you thought safe-haven pharmaceuticals and food producers were a safe place to shelter your assets?   Think again, says Crispin Odey, the well-known hedge fund manager who thrives on a contrarian approach to equity investing. He tells Reuters that defensives could be the next target...

General Motors said it expects auditors to cast doubt on its ability to remain viable as it endures the worst market in decades. Posting a deeper-than-expected quarterly loss as revenue plunged by more than a third, the automaker said it could receive a “going concern” notice from its auditors. It...

Most hedge funds agree that the credit crisis has thrown up some interesting assets at bargain-basement prices, particularly in credit markets. The problem? When you have to report net asset value performance to jittery investors and prices of these cheap assets are getting even cheaper, when do you...

Fool be nimble, Fool be quick, Fool jump over the dry-bulk ship. From Fool.com: The Motley Fool. Please read the complete article and let us know what you think below.

Welcome to MicroSirius? From Fool.com: The Motley Fool. Please read the complete article and let us know what you think below.