Surely you recall James Dondero, the high-powered Dallas hedge fund manager who spends his leisure time dining on giraffe, jamming to Steve Winwood, and becoming embroiled in ridiculously messy legal feuds. Last we checked some 17 months ago, Dondero was legal-feuding with two people. One was his w ... More >>
Took a few days off to go canoeing on the Buffalo River in Arkansas -- always a fine way to clear the mind and ease the soul -- and came home to wonderful news: The Harvard Institute of Politics released its 23rd "Survey of Young Americans' Attitude Toward Politics and Public Service" today, finding ... More >>
Aurelius Capital Management, a multibillion-dollar hedge fund and perpetual pain-in-the-ass for distressed companies like Dallas-based Energy Future Holdings, sued the massive utility in federal court Tuesday for $725 million. It claims Energy Future made some sweetheart intra-company loans even as ... More >>
Del Frisco's is planning to open two new area restaurants this year. The restaurant group is based in Southlake and currently has more then 30 restaurants across the U.S., including the flagship Double Eagle Steak House in downtown Dallas and Fort Worth, and the more casual trendy and casual Del Fri ... More >>
Or was it all three?
American banks are on a massive crime spree. The Presidential candidates hope you won't notice.
At least for now, Dallas-based electricity and transmission giant Energy Future Holdings, the former TXU, is paying off its debts. Technically, it's completely insolvent, but that hasn't stopped the Wall Street firms who purchased the company in the biggest leveraged buyout in history from extractin ... More >>
Chuy's is now a publicly traded enchilada maker. This morning they offered nearly 6 million shares on the NASDAQ exchange for $13 each. By noon the stock prices had risen16 percent to $15.20, indicating Wall Street is at least temporarily bullish on Chicka-Chicka Boom-Boom enchiladas. Chuy's plans ... More >>
How greedy speculators bought politicians and drove up the price of oil.
Just last Friday, our new Unfair Park guy Eric introduced us to James Dondero, Highland Capital's giraffe-eating, cheating, snooping hedge fund manager. In other words, the dude has a lot of money and likes to party.As such, his 50th birthday is approaching on June 22, and a person who works at High ... More >>
Southwest Airlines co-founder Herb Kelleher and a gaggle of other titans, from former U.S. Spec Ops commanders to Sam Gilliland, chief executive officer of Dallas-based Sabre Holdings, reject outright the idea that we can drill our way to energy independence. In an Energy Security Leadership Council ... More >>
The Senate candidate doesn't like mobs of protesters. Someone alert the Tea Party.
This morning in D.C., Attorney General Eric Holder met with the media to discuss Operation Broken Trust, a wide-ranging crime-bustin' effort conducted by an alphabet soup's worth of agencies intended to "protect American investors, to ensure the strength of our markets, and to prevent financial f ... More >>
One week ago today I received an e-mail from a "large stockholder" in Blockbuster -- a gentleman high on the movie-studio food chain, as a matter of fact. He copied me on a missive he sent to the Securities and Exchange Commission in which he asked what in the wide, wide world of sports he could ... More >>
In about an hour, Blockbuster will release a second press release concerning, well, what we're not quite sure -- more than likely, though, it will deal with the fate of CEO Jim Keyes, whose contract with the company expires today. And, perhaps, it will address whether or not the downtown-based co ... More >>
A couple of weeks back, we read the entirety of Blockbuster's annual report and discovered one significant bit of bad news that had gone unnoticed elsewhere: The New York Stock Exchange sent the downtown Dallas-based company a warning that if it didn't get its stock price back above one dollar pr ... More >>
Perhaps I missed this elsewhere, but in the wake of Saturday night's announcement concerning Tom Hicks's having hammered out a deal with Pittsburgh attorney Chuck Greenberg and Nolan Ryan -- otherwise known as the Rangers Baseball Express -- there's news that the deal's anything but done. It come ... More >>
I see Schutze is finally cleaning out his closet ... Mayor Tom Leppert's in D.C. this morning at the invite of Barney Frank, whose House Financial Services Committee is set to discuss why it's become so danged difficult and cost-prohibitive for cities to issue bonds -- and how Washington can fix it, ... More >>
"[Sales] may have been negatively impacted by media surrounding swine flu." (Chuck E. Cheese executive Michael Magusiak on the effect of the "pandemic" on the family friendly pizza chain's fortunes, The restaurants suffered a 20 percent drop in same-store sales during the first three days last week. ... More >>
Shortly before the bond market went straight to hell, boys, Texas Instruments snapped up $524 million worth of auction rate securities from Citigroup, BNY Capital Markets and Morgan Stanley. TI says, yeah, it knew maybe -- pardon, "possibly" -- that there was some "fail" potential, but, still, it wa ... More >>
He is the man behind VeeV, the world's first Acai spirit, a product just hitting the Dallas market.While one can argue the health benefits of acai berries after they've been distilled into alcohol and bottled, Reum's marketing skill goes without question. They've developed a sustainable farming prog ... More >>
While the city council continues to face delays regarding the selection of an operator for the convention center hotel, the holdup is unlikely to have any effect on Mayor Tom Leppert and the council's plans to begin construction on the project in April. However, the current status of the financial b ... More >>
So, from the looks of a letter that arrived in my in-box last night, most of the airlines' woes come from but a single source: oil speculators. At least, that's what American Airlines' Gerard Arpey and Southwest Airlines' Gary Kelly -- and nine of their fellow CEOs and presidents -- insist in a miss ... More >>
See a fa-fa-fine film at the Inwood
Well, you can't say you didn't see it coming. Exactly four months after Citigroup analyst Eileen Furukawa upgraded Belo Corp.'s stock from "hold" to "buy" based on the value of company's TV properties alone, The Dallas Morning News and WFAA-TV's parent company announced, yup, it's separating its new ... More >>
Things get gray when it comes to green
Mark King: He's out. In July. Till then, it's $53,000 a month for him. Merry Christmas. In all those stories written yesterday and today about the, ahem, resignations of Affiliated Computer Services CEO Mark King and CFO Warren Edwards in the wake of the back-dating stock option scandal, one thing' ... More >>
You know how much we're fascinated by the whole Afflilated Computer Services Inc. stock-option manipulating scandal; it's been all over Unfair Park in recent months. Well, if you read the Wall Street Journal this morning, you know it just got a little better: "The options-backdating scandal cla ... More >>
That T. Boone Pickens--quite the optimist. First he donates $25,000 to the "Vote Yes! It's Our Future" political committee, which is out there pushing the $1.35 billion bond package going before voters November 7 even though there's no group out there even opposing the thing. Then he tells the Bloom ... More >>
The flood of names of people offering to leave The Dallas Morning News is numbing. Every update makes me jump out of my chair. The editorial cutbacks over there will change the basic nature of the newspaper forever. I can't believe some of the people they're losing. But I'm just as depressed by the ... More >>
I've been fairly--or is that Unfairly?--obsessed with the backdating scandal at Afflilated Computer Services Inc., which is being investigated by the Department of Justice and the Securities and Exchange Commission for giving stock options to its top execs and dating them just before those stocks ex ... More >>
Here's your chance to get rich quick -- or lose your shirt, in which case, GlobalTec disavows all responsibility for, well, anything
Young Conservatives make a fuss with immigration protest
Plus: Jabari Sought Own Death; Who Saw This Coming?
For the most part, this Tucker stays on track
For some one-time dot-com rich kids, it's easy come, easier go
With the Vice Fund, you can invest in beer, cigs and other naughty stuff
To make a mess as big as the Enron debacle, you need some friends in high places--Texas Senator Phil Gramm and his wife, for instance
Hot new computer game maker ION Storm appears to have all it needs for success -- top talent, plenty of money, and legions of anxious fans. So why is its future so cloudy?
Kathy and Richard Kingsmore seemed like such nice church folk. But the Feds say their greed trumped their gospel.
Drive-In Movie Critic of Grapevine, TX
World-class embezzler Gary Lewellyn rebounds with a fast-selling treatment for A.D.D.
High-flying Danny Wettreich has shut down companies, destroyed jobs, and drawn the scrutiny of two federal agencies, But he says it's what the stock market thinks of him that counts.
You don't take Rick Finlan and Don Venable seriously? That could be a mistake you live to regret.