Word: o
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...fellow entrepreneur, who, not too long ago, got into the karaoke biz after hosting a sing-along party at his home with a bunch of rented high-end sound equipment. "It was a cumbersome project," he admitted. But it was fun: "We ended up going to bed at 3 o'clock in the morning, which is quite unusual for me and my friends." In case it wasn't obvious, Taillefer is Canadian...
...Pizzotti sacked for 11. Thomas Hull out for the punt. Liam O'Hagan drags down the receiver at the Princeton...
...banks have a severe agency problem. ... When I trade I don't have an agency problem; I have my neck on the line. When a bank or banker trades, it's not his neck on the line. He has an agency problem, and like [former Merrill Lynch CEO] Stanley O'Neal, if you follow the strategy you're going to make $160 million, and keep it, even if you blow up. And you'll do it again...
Friday's stock-market action was a microcosm: in Tokyo the Nikkei was down 9.6%; in Frankfurt the DAX - after dropping as much as 10% during the session - was down 5%; in São Paolo the Bovespa was down 6.35%. It was a global panic! Until things got to New York. The Dow and S&P both ended the day down about 3.5%. Big deal...
Openings. Doubletree opens in Milan...St. Regis Houston completes a refurbishment and updating of all 232 rooms and suites...W Scottsdale Hotel & Residence opens with 224 rooms...Sheraton opens in the Northbrook, Ill., near O'Hare Airport...