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>> MICHAEL LEWIS Latest News

APR 14, 2015 - Business Insider

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LVMH is cannibalising itself in China

China is giving LVMH Moët Hennessy, the world's largest maker of luxury goods, a massive headache. The makers of Louis Vuitton confirmed on its first quarter revenue analyst conference call today that it is trying to crack down on people buying luxury goods in bulk in Europe and then selling them on in China, in what it calls "the grey ...

Tags: LVMH is cannibalising itself in China,  Michael Lewis Latest News

APR 13, 2015 - Zero Hedge

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Foodstamp Financiers: Wells Fargo Workers Protest Re-Emergence Of Predatory Practices

One of America’s biggest banks is going to be protested by an unlikely group today: its employees. As The Guardian reports, Wells Fargo bankers are protesting the bank’s alleged predatory practices – mainly the sales quotas imposed on some of its workers (which have led to at least 30 employees opening duplicate accounts, sometimes without customers’ knowledge, in order to ...

Tags: Foodstamp Financiers: Wells Fargo Workers Protest Re-Emergence Of Predatory Practices,  Michael Lewis Latest News

APR 11, 2015 - Business Insider

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Gap's tale of 2 brands shows how broke Americans really are

A disparity between two brands owned by Gap Inc. shows that American consumers are feeling strapped for cash.  The company's namesake Gap stores and its Old Navy brand target two different groups of consumers. Gap uses trendy ad campaigns to attract cool, trend-conscious shoppers. Old Navy sells to value-seeking families. The brands' recent sales results show that Americans seem more concerned ...

Tags: Gap's tale of 2 brands shows how broke Americans really are,  Michael Lewis Latest News

APR 10, 2015 - Zero Hedge

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“Facts Do Not Cease To Exist Because They Are Ignored”

Submitted by Michael Lebowitz of 720 Global Courage “The kid had a 94-mile-per-hour fastball, a clean delivery, and a body that looked as if it had been created to wear a baseball uniform. He was, in short, precisely the kind of pitcher Billy thought he had trained his scouting department to avoid.”       – Michael Lewis, Moneyball In his book ...

Tags: “Facts Do Not Cease To Exist Because They Are Ignored”,  Michael Lewis Latest News

APR 01, 2015 - Zero Hedge

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Frontrunning: April 1

Oil holds around $55 as Iran nuclear talks drag on (Reuters) Bob Diamond’s African Banking Venture Runs Into Problems (WSJ) Iran Nuclear Talks Resume With Lavrov Saying Deal at Hand (BBG) Wal-Mart Ratchets Up Pressure on Suppliers to Cut Prices (WSJ) Renegades of Junk: The Rise and Fall of the Drexel Empire (BBG) Explosion at Yemen factory kills at least ...

Tags: Frontrunning: April 1,  Michael Lewis Latest News