Approaching the anniversary of Lehman Brothers’ demise, NJIT Finance Professor Michael Ehrlich, an expert on market failure, says that the Feds made the right move when they allowed the investment firm to go bankrupt.  >>

Three outstanding students in the undergraduate business program at NJIT placed third overall in the 2009 DFJ East Coast Venture Challenge (ECVC) hosted at Columbia University. The student team of Quaison Carter (shown at left), Louis Noto and Paulius Skema finished ahead of teams from Yale, Columbia and Johns Hopkins, among others, for their presentation of the company Fetchfire, which was founded by Carter. The ECVC business plan competition offers student entrepreneurs from top universities across the East Coast the chance to pitch their ideas to a panel of venture capital judges from DFJ and DFJ Gotham. >>

NJIT finance professor Michael Ehrlich predicts that the strong profits reported by banks in the first quarter will soon be followed by more losses. Ehrlich, a market failure expert, notes that the unexpectedly strong profits reported in the first quarter by many large banks were the result of significant accounting manipulation.  >>