With the top two U.S. drug companies, Pfizer (nyse: PFE - news - people ) and Merck (nyse: MRK - news - people ), recently reporting great and good earnings, respectively, Wall Street will expect nothing less from No. 3 Bristol (nyse: BMY - news - people ) when it reports earnings tomorrow before the market opens.
The Wall Street banker-turned-lingerie queen rented nothing less than New York's famed Carnegie Hall, plus a whole 85-piece orchestra, so she could regale 2, 500 of her dearest friends and family -- including dad, Manila construction tycoon Felipe Cruz -- with compositions by Schumann and Rachmaninov.
He is playing a daring game of chicken on Wall Street--and winning--because he has less to lose.
La Cova Fumada, a family-run, hole in the wall bodega, is rarely less than bursting with locals.
Add to that the extraordinary talent in the kitchens of Dublin's Michelin-starred restaurants as well as in hole-in-the-wall cafes in the countryside, and you have nothing less than a culinary rebirth, a phoenix rising from the coal ash, deliciously.
As Wall Street drooled over new-economy industries, Mr Kozlowski dug into less glamorous work, buying struggling firms in businesses such as pipes and valves, water sprinklers, fire extinguishers, syringes and nappies.
Wall Streeters tend to dump on credit-agency analysts, who earn far less than their peers at investment banks.
Although executives now feel under less market pressure since the discrediting of the Wall Street sell-side analysts who pushed them to have ever-shorter time-horizons, they still hear the market's call.
The company particularly disappointed Wall Street by booking just 55 cents a share in fourth-quarter profit, less than the 57 cents that analysts predicted.
Sorkin talked to some leaders on Wall Street that were less than impressed by the arrests and further digging showed that those indicted were small-time players within the larger mosaic of fraud over the past 5 years.
FORBES: The "Too Big To Fail" Are Also "Too Big To Prosecute"
Merrill Lynch analyst Tom Kraemer took the proactive road, typically the one less traveled on Wall Street, and sliced his rating on the shares yesterday to an "intermediate-term neutral" from "accumulate" and lowered his revenue estimates for the third quarter, fiscal 2001 and fiscal 2002, along with his earnings estimates.
FORBES: Forbes Forecast: Brocade Is Wall Street's Latest Victim
Although it's currently just in the proof-of-concept, prototype stage (like, it still needs to be plugged into the wall, making it less than ideal for outdoor applications), future versions of the project will sport batteries (of course), sensors for monitoring water quality, cameras for peeping stuff, and even bacteria for breaking down pollutants (think: Exxon Valdez).
He said investors were willing to overlook any concerns that the Fed may be less likely to step up its bond-buying plans, which some investors had expected after a Wall Street Journal article last week raised the prospect of further bond purchases by the Fed.
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