Hugh Johnson

Hugh Johnson News

  • JPMorgan U.S. Chief Equity Strategist Lee to Depart

    Thomas Lee, the JPMorgan Chase & Co. chief equity strategist who has called for gains in American stocks for six straight years and got them in four, is leaving the firm.

  • Wine World Atlas Revised to Include Finger Lakes, China

    A rich cabernet blend at a recent reception tasted like a cru classe Bordeaux, but it was a terrific red 2010 from RdV Vineyards Lost Mountain in Virginia.

  • Petrus Tops Johnson Sale as Mouton Featured at Christie’s

    Three bottles of Chateau Petrus 2000 Pomerol fetched top price of 6,600 pounds ($10,100) at a sale of U.K. wine writer Hugh Johnson’s private collection at Sworders auction house north of London, according to its website.

  • Wall Street CEO Pay Rises 20% With KKR’s Kravis No. 1

    In October 2010, private-equity baron Henry Roberts Kravis, in one of the grandest gestures of his life, pledged $100 million to his alma mater, Columbia Business School, to help pay for the expansion of its upper Manhattan campus. His ability to throw that kind of cash around was helped by the start of trading of his buyout company, KKR & Co., on the New York Stock Exchange three months earlier.

  • Global Stocks Extend 8-Day Gain; Gold, Spanish Bonds Rise

    Stocks rose, with the MSCI World Index extending its longest advance in 11 months, as a late-day rally in technology shares helped the U.S. market reverse an early drop. The euro gained as a Spanish bond sale eased concern the region’s debt crisis will worsen. Gold rallied.

  • Loeb Poised for IPO as Einhorn Dump-Truck Bet Shows Insurer Risk

    Investors in Third Point Reinsurance Ltd.’s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They’re also taking on risk from an unprofitable underwriting operation.

  • Dunkin’ Brands Seeks $460.6 Million in Initial Offering

    Dunkin’ Brands Group Inc., operator of the Dunkin’ Donuts coffee chain, is seeking to raise as much as $460.6 million in its initial public offering, 15 percent more than the company planned in May.

  • U.S. Stocks Decline as Financial, Consumer Companies Retreat

    U.S. stocks dropped, extending the longest slump for the Dow Jones Industrial Average since the financial crisis of 2008, on concern the economic rebound is slowing after companies added fewer jobs than estimated and factory orders slumped.

  • BlackRock’s Fink No. 1 in Wall Street Pay as Stock Sinks 16%

    BlackRock Inc. Chief Executive Officer Larry Fink told investors on a conference call in January last year that the world’s biggest money manager was “very well positioned” for 2010. At the end of the year, the market sent a different message: New York-based BlackRock’s total share return was negative 16 percent, while the Standard and Poor’s 500 Asset Management and Custody Bank Index rose 13 percent.

  • Kosmos, Owner of Oil Field in Ghana, Seeking to Raise $540 Million in IPO

    Kosmos Energy Ltd. , the oil and gas exploration and production company owned by Warburg Pincus LLC and Blackstone Group LP, is seeking to raise as much as $540 million today in an initial public offering after oil gained 48 percent in a year to a 32-month high.

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