Analysts at Goldman Sachs (GS) made waves last week suggesting that megabank JP Morgan (JPM) break itself up in response to the heavy capital restrictions imposed on the bank by the Fed.The WSJ’s Heard On The Street column thinks it’s a good idea, just tossed at the wrong bank. Instead of the House of Dimon, the WSJ thinks… Read More »
‘Resistance is futile’ – The Borg Star Trek fans will no doubt recognize the famed motto of those nasty, robotic, intergalactic conquerors hell-bent on assimilation. What they won’t know is that the phrase is also rumored to be frequently muttered at company board meetings after Ralph Whitworth’s Relational Investors announces a stake. The activist firm has been quite a… Read More »
With the economy improving, markets roaring and volatility seemingly subsiding, companies are no longer afraid of approaching the capital markets. As a result, previously shelved spinoffs are now resurfacing. The latest is this week’s IPO of CVR Partners, the nitrogen fertilizer MLP subsidiary of CVR Energy (CVI). The IPO idea was first floated in 2008, but market conditions… Read More »