Articles to Read 8/21/09

1. Reader’s Digest Bankruptcy Derails Collins’s Media Ambitions

2. More Single-Hull Supertankers May Be Scrapped, Supporting Rates

“Any significant increase in tanker scrapping could put the brakes on asset values from dropping still further and may have a positive effect on market rates,” Gibsons said.

3. Window Closing on Talent Exodus From Banks, GFI’s Gooch Says

“For a company like ours to very successfully change our business mix so that we reemphasized cash corporate fixed-income and made up for what we were effectively losing in credit derivatives, that was a very short window of opportunity,” Gooch said. “Now you’re hearing about signing bonuses and guarantees again for corporate fixed-income traders and salespeople. It’s been a very rapid change of fortune.”

-Gooch has been a heavy buyer of GFIG stock under $3, however these purchases were small compared to his overall stake in the firm of 44%.

4. Dr Pepper Snapple CEO in ‘Catbird Seat’ Before PepsiCo Talks