Filed under: Law , Scandals On Monday, convicted con man Bernie Madoff was sentenced to 150 years in jail , and today federal authorities took possession of his $7 million Manhattan penthouse , forcing his wife to leave and look for somewhere else to live. Ruth Madoff was told ahead of time that she would be forced to vacate her lush Manhattan penthouse, and reportedly she did leave the property this afternoon around 1 PM EST. The penthouse, on East 64th Street will be sold, with the proceeds being used to help reimburse the victims of the nations largest ever Ponzi scheme

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Federal authorities take possession of Madoff’s home

Filed under: Major movement , Rants and raves , Competitive strategy , General Electric (GE) , Indices , Diageo plc (DEO) , Anadarko Petroleum (APC) , Wells Fargo (WFC) , Chasing Value , Commodities , Anglo Amer ADR (AAUK) , S and P 500 , DJIA , Stocks to Buy , Intuitive Surgical Inc (ISRG) , NASDAQ , Annaly Capital Management (NLY) , Best Stocks for 2009 , American Eagle Outfitters (AEO) , EZCORP (EZPW) The second quarter is now behind us and for the most part it was a positive one in terms of the market pushing higher almost 40%. This is the second review of my 2009 stock picks through June 30 (see: Chasing Value: 9 picks for 2009 — APC, GE, ISRG, WFC and more ). There was a lot of talk about green shoots this past quarter as Wall Street was looking for any small bit of optimistic data to support the market.

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Chasing Value: 2009 picks 731% better than S&P — 2nd quarter review

Filed under: General Motors (GM) , Initial public offerings General Motors is hoping to emerge from bankruptcy conduct an initial public offering sometime in 2010, according (subscription required) to The Wall Street Journal . The IPO could either raise additional capital for the company or allow the United States and Canadian governments to begin divesting their stakes in the company. Washington has been mum on how and when it plans to begin recouping its “investment” in General Motors

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The hot new IPO of 2010: General Motors

Filed under: Nokia Corp. (NOK) , Research in Motion (RIMM) I just finished speaking with Jim Oberweis, president of Oberweis Asset Management and the editor of investment newsletter The Oberweis Report . Oberweis, whose newsletter recommends specific high growth small cap stocks, is rated among the top two investment advisory letters for 20 year performance, according to Hulbert Financial Digest .

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Tech stocks set for a rebound

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Filed under: Deals , Private equity , Recession Private equity investors are using current financial market constraints on liquidity to negotiate favorable deals, as private equity general partners have watched the values of their portfolios fall profoundly. Efforts to attract additional investment haven’t been easy, as potential limited partners are reluctant to make long commitments in an uncertain marketplace. This has given limited partners a stronger position from which to negotiate both fees and terms and conditions.

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Limited partners putting pressure on private equity funds to cut fees

Filed under: General Electric (GE) , Recession After a nifty rebound off a 52-week low of $5.73, industrial and financial services giant General Electric (NYSE: GE ) is in a weird place. The company’s shares are trading at around $11.75, which is well below the $15 levels achieved in early May. This would seem odd as GE appears to be well positioned for the Green Shoots Scenario.

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General Electric: Up, down or sideways?

Filed under: Major movement , Bad news , Law , Options , Technical Analysis TiVo (NASDAQ: TIVO - option chain ) stock is falling today after the U.S. Court of Appeals granted the request of EchoStar (NASDAQ: SATS ) to stay the contempt order imposed by the U.S. District Court pending the outcome of SATS’s appeal

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TiVo (TIVO) falls on court decision

Filed under: Industry , Consumer experience , Competitive strategy , Ford Motor (F) , General Motors (GM) , Toyota Motor Corp. (TM) , Recession Auto sales continued to drop in June, but we are starting to see signs that sales may be beginning to stabilize a bit . The auto industry is still in deep trouble.

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Auto sales show signs of stability