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May 28, 2012
Will be a bigger issue for voters this year, the presidents record on a still struggling u.s. economy on governor mitt romneys time as venture capitalist, investing in companies that occasionally failed. >> what bain capital never did was focus on job creation. thats not what bain capital does. it loads up companies with debt t. takes money out of those companies and pays those investorses. >> a legitimate concern that the presidents hostile rhetoric to private investment and creators is highlig...
May 27, 2012
lead analysts at morgan stanley, the main underwriter for the facebook ipo, received privileged information about the company, information that they didnt share with retail investors. finra, the financial industry regulation authority, regulatory authority, the u.s. senate banking committee, and the commonwealth of massachusetts have all announced probes into the matter, and that was quickly followed by a lawsuit filed by some investors against facebook and its ceo, mark zuckerberg, al...
May 26, 2012
from investors during the ipo process. now, specifically they are talking about forecasts that revenue would be lower in 2012. facebook tells cnn, by the way, that the lawsuit is without merit. ron is a former s.e.c. investment attorney. henry blodgett, ceo of business insider, a website. back in 2003 henry settled a civil securities charge with s.e.c. he was banned from the securities industry. hes a good friend of our show. henry, i say this because its relevant to our discussion. yo...
May 26, 2012
drought. we have pictures of tornadoes, storm reports that popped up yesterday. it was a real volatile day for kansas. look at that tornado. incredible pictures coming to us from storm chasing video. its really when you see the light behind it, you really get a nice viewpoint of what the tornado looks like with narrow vortex at the bottom. thats when the tornados strongest winds are at the end of this tornado. looks like this one -- you can hear the hail. >> this is working. >> you can...
May 25, 2012
Business leaders, the former c.e.o. and president of verizon wireless. ever heard of that company and author of the book "managers, can you hear me now"? nice to see you this morning. welcome to the show. a guy who understands business and working across this country. when you hear the president going after bain capital, private equity firms, this line of attack that bain capital, laying off thousands of people and mitt romney is anti-business in that way, what do you say? >> clayton, hes -- fir...
May 25, 2012
Country is that mitt romney, bankrupted companies deliberately, fired thousands of people, left creditors holding the bag and made sure that he and his partners made hundreds of millions of dollars in profit. that is not how all venture capitalist also practice that profession. but it is how mitt practiced it and the only example we have of his job creation experience as a governor in massachusetts, his record showed massachusetts at the time was 47th out of 50 in job creation, no wonder hes not...
May 25, 2012
Company more efficient. >> or keeping it alive. >> i know. but im not saying thats going to make the government more efficient. but talk about skimming a dollar. now, if youre skimming a dollar suggests that youre going in to loot a company -- >> i didnt say that. >> i know. but if you did that as a venture capitalist, you would fail. you build companies. you make money for unions and other people that invest. >> but their goal is -- im going to say this and im trying to say this right is not to...
May 25, 2012
who might have helped pay for the ads, people who work for the company the obama camp is hammering. that would be bain capital. and a terrifying discovery. radiation from the meltdown of a nuclear power plant actually built into the foundation of an apartment building. wolf blitzers off today, im gloria borger, and youre in the "situation room." and it could happen any minute now. a suspect finally charged in the disappearance of etan patz. exactly 33 years ago today, the 6-year-ol...
May 25, 2012
consumer-driven economy like that of the united states, how people feel is the key determina determinant. the number youll tell our viewers about shortly is consumer sentiment, how do you feel about the economy now, how do you feel about it in the future, and this number is as strong as its been since october of 2007. i want to take you back to october of 2007 and tell you what was going on. dow was at 14,000. it had set a new record. we had just started to see weakness on the housing ...
May 25, 2012
detectives how he lured young etan from the school bus stop at west broadway and prince street, with the promise of a soda. he then led him into the basement of the bodega, choked him there, and disposed of the body by putting it into a plastic bag and placing it into the trash. >> were going to be joined in just a moment by lisa cohen, "after etan" the 2009 book is considered the definitive work on this case and its 33 years to the day, this is a day, may 25th, that is the national mi...