FeedPosted Feb 9th 2010 2:00PM by Zac Bissonnette (RSS feed)
Filed under: Rumors, Law, Scandals
TMZ reports that a Playboy (PLA) shareholder has filed a lawsuit against the company, alleging that majority shareholder and chief creative officer Hugh Hefner has intentionally sabotaged multiple deal possibilities in an effort to hold onto his own lifestyle.
"If you were Hugh Hefner, 81, would you give up the parade of busty blonds, the fancy mansion and the reality TV show for a payout?" the lawsuit asks. "Hefner has continued to live the good life and make sure everyone knows it. Hefner remains in the limelight, showing up at media events and at the Playboy mansion ... with his girlfriends by his side."
Continue reading Shareholder Slams Playboy with Lawsuit over Hugh Hefner
Posted Feb 9th 2010 10:00AM by Connie Madon (RSS feed)
Filed under: International Markets, Rumors, Market Matters, Commodities, Oil
It sometimes is a small, unpredicted event that moves markets. Today it was Jean-Claude Trichet, the president of the European Central Bank. He unexpectedly left a meeting in Australia to attend special meeting of European leaders to address the region's economy.
That was the trigger that shot off a turnaround in world markets. Stocks and commodities are trading higher in anticipation that the Greek sovereign debt problem will be dealt with. The U.S. market, just opened, did it with a bang as the Dow industrials more than recovered its triple digit loss from Monday to be back above the 10,000 mark.
Continue reading Commodities, Markets Turn Higher on Rumors of Greek Bailout
Posted Jan 28th 2010 11:30AM by Mark Fightmaster (RSS feed)
Filed under: Rumors, Apple Inc (AAPL)
Just when you have had enough of hearing about Apple's (AAPL) iPad, I have something else for you. It seems Steve Jobs may have issued a bit of a surprise at yesterday's iPad unveiling. The surprise? The price. According to the ValleyWag blog, some Apple bigwigs were told that the price of the iPad was pegged at $399 -- not the $499 that Steve Jobs revealed.
Is this true? It wouldn't be the first time that a rumor like this circulated. The first comment brings up the rumor that the Macintosh was set to carry a price tag of $999, but that Steve Jobs pulled a fast one -- doubling the price thanks to the marketing of the computer. Is this a substantiated story? No, it ranks up in the pantheon of lore like the cocaine in Coca-Cola.
Continue reading Did Steve Jobs Pull a Fast One at the iPad Unveiling?
Posted Dec 2nd 2009 4:30PM by Connie Madon (RSS feed)
Filed under: Major Movement, International Markets, Rumors, Press Releases, Middle East, Market Matters, Headline News, Financial Crisis
The Dubai crisis is not going away. Government owned Dubai World has scheduled a meeting with creditors to discuss the possible settlements.
What is most troubling is that the government of Dubai has refused to guarantee Dubai World's debt. That creates an international situation. While it has not been confirmed, it is believed that Standard Chartered Bank, HSBC, Lloyds, Royal Bank of Scotland and local lenders Emirates NBD, Abu Dhabi Commercial Bank are key creditors.
Continue reading Dubai World to meet with creditor panel to discuss debt crisis
Posted Nov 30th 2009 11:40AM by Elizabeth Harrow (RSS feed)
Filed under: Analyst Reports, Deals, Rumors, Private Equity, Amer Intl Group (AIG), Options
A Financial Times report indicates that American International Group (AIG) could soon receive an offer on its aircraft leasing unit, known as International Lease Finance Corp. (ILFC). The newspaper claims that a consortium of private equity investors, led by current ILFC CEO Steven Udvar-Hazy, "is close to making a bid for about half of the aviation-leasing business."
The consortium reportedly includes Onex, Greenbriar and Canada Pension Plan. An offer could be made as early as this week, according to FT's sources. AIG set a deadline of Dec. 3 for bids on the unit, in hopes of making a decision by Dec. 15.
Continue reading Put players target AIG after ILFC bid rumors, price-target cut
Posted Nov 30th 2009 9:20AM by Beth Gaston Moon (RSS feed)
Filed under: Deals, Rumors

First brewed in 1873, Beck's beer is crisp, fresh, and "full of character." It's also still part of the growing AB InBev family. Anheuser-Busch InBev, which is of course the Belgian-based parent of Anheuser-Busch (
BUD), has
abandoned plans to sell the German beer brand to Bain Capital.
According to a German magazine, citing financial sources, this was really an eleventh-hour decision, as the contracts were already drawn up and Bain had secured $2.54 billion in financing.
Continue reading AB InBev hangs on to Beck's brand
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