2 hrs ago | North Jersey Media Group
Stocks are tumbling as fears sweep world markets that financial trouble in the Middle Eastern city-state of Dubai will upend a global economic recovery.
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6 hrs ago | KHQ-TV Spokane
Richard Fuld walked away from a bankrupt Lehman Brothers with $541 million
Critics of executive pay have more reason to be angry. A new study has found that executives at two firms - Lehman Brothers and Bear Stearns - walked away with huge payouts even as their shareholders were losing almost everything.
Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Bear Stearns, Banking, JP Morgan Chase
11 hrs ago | CIOL
2010 holds better promises for IT spend
Goldman Sachs' latest IT spending survey shows that Infrastructure, application development, and systems integration will remain top spending areas for the next year BANGALORE, INDIA: The recession seems to be fast bottoming out as far as the IT industry is concerned, with 2010 holding better spending promises, as per a survey.
Related Topix: Financial Services, Goldman Sachs Group, Investment Services, World News, India, CIO News, Cloud Computing, Science / Technology
More on AIG, Goldman and the Monolines
Thomas Adams, a lawyer and former bond insurer executive, wrote a guest post for naked capitalism on the question of why AIG was bailed out and the monoline bond insurers were not .
Related Topix: Financial Services, Goldman Sachs Group, Investment Services, Mortgage, Personal Finance
Judge Paves Way for Moonlight Basin's Opening
A bankruptcy judge said Tuesday that Moonlight Basin can use money from a recent sale of a $1.4 million condo to conduct business as usual at the resort - a ruling that company officials say will ensure that lifts will be running this December.
Related Topix: Economics News, Bankruptcy, Butte, MT, Lehman Brothers Holdings, Financial Services, Investment Services
Purcell Says Five-Year Bank Bonus Delay `Way Too Long': Video
Nov. 26 -- John Purcell, managing director of executive search firm Purcell & Company, talks with Bloomberg's Mark Barton about changes to U.K. bank bonus rules proposed by David Walker in a government-commissioned report.
Related Topix: Financial Services, Morgan Stanley, Investment Services, Business News, Video
Forbes names Satyam's Raju world's 4th most outrageous CEO
NEW YORK: It's one Forbes list where none would want to figure, but Ramalinga Raju, the founder-chairman Satyam Computers , has managed the feat of being among the world's 10 most outrageous CEOs.
Related Topix: Satyam Computer Services, Software, Financial Services, Merrill Lynch and Co, Investment Services, Goldman Sachs Group
Study backs link between pay, risk
Lehman Brothers Holdings Inc. and Bear Stearns Cos. executives made $2.5 billion from 2000 to 2008, a sign pay policies may have encouraged risk-taking that doomed the companies, a Harvard University study said.
Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services
Pro rata payout ordered for Reserve Primary fund
Reserve Primary investors waiting for cash from the money-market mutual fund whose September 2008 crash helped freeze global credit markets must share equally in its losses, a federal judge said Wednesday.
Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Lehman Brothers Holdings, Financial Services, Investment Services, State Street, Opinion
Goldman Sachs Is Said to Hire Back Kasper Christoffersen After Two Years
Goldman Sachs Group Inc. , the most profitable securities firm in Wall Street history, hired back Kasper Christoffersen almost two years after he left to join a hedge fund in London.
Related Topix: Financial Services, Goldman Sachs Group, Investment Services
Robert Scheer: Still Doing God's Work on Wall Street
Jail, anyone? Perhaps that's too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown? Or for the many other acts of double-dealing that left one out ...
Related Topix: Financial Services, Goldman Sachs Group, Investment Services, Banking
Federal Reserve tightens conflict of interest rules for regional Fed bank directors
The Federal Reserve on Wednesday tightened the conflict of interest restrictions governing the boards of directors of its 12 regional banks.
Related Topix: Financial Services, Goldman Sachs Group, Investment Services, Federal Reserve Bank, Business News, US News, US Politics, Ron Paul, Republican, US House of Representatives
Judge paves way for Moonlight Basin's opening
A bankruptcy judge says Moonlight Basin can use money from a recent sale of a $1.4 million condo to conduct business as usual at the resort a ruling company officials say will ensure that lifts will be running this December.
Related Topix: Economics News, Bankruptcy, Lehman Brothers Holdings, Financial Services, Investment Services
With Stent's Help, Medtronic's Profit Increases 59%
Medtronic , a maker of heart rhythm devices, said its quarterly profit rose 59 percent , helped by sales of a new heart stent, and it raised its forecast for full-year earnings.
Related Topix: Financial Services, Business News
Paul B. Farrell: 15 signs Wall Street pathology is spreading
In "The Battle for the Soul of Capitalism" Jack Bogle no longer sees Adam Smith's "invisible hand" driving "capitalism in a healthy, positive direction." Today, his "Happy Conspiracy" of Wall Street plus co-conspirators in Washington and Corporate America are spreading a contagious "pathological mutation of capitalism" driven by the new "invisible ...
Related Topix: Financial Services, Goldman Sachs Group, Investment Services, Mutual Funds, Personal Finance, Epidemic, Natural Disasters
Report: Profit margin recovery 'may not be sustainable'
Report: Profit margin recovery "may not be sustainable" From Bloomberg News Rough patch ahead for stocks? U.S. corporate earnings that are beating analysts' estimates at the highest rate since at least 1993 are driven by a recovery in profit margins that may not be sustainable, according to Morgan Stanley strategists.
Related Topix: Financial Markets, Morgan Stanley European Fund, Financial Services, Morgan Stanley, Healthcare Industry
Hedge Funds May Get $11 Billion Frozen at Lehman
Lehman Brothers International , where more than $35 billion of hedge fund assets have been frozen since the bank's collapse last September, could return about $11 billion to fund managers by March if enough firms approve a new plan.
Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services, Accounting, Economics News, Bankruptcy
The dirtiest word on Wall Street gets a makeover
"Bonus" has become a dirty word on Wall Street , prompting image consultants to advise the biggest financial firms to use euphemisms that carry less stigma as the season of lavish payouts approaches.
Related Topix: Financial Services, Goldman Sachs Group, Investment Services
Bear Stearns, Lehman Execs Kept Billions . . .
Everyone knows that senior execs at Bear Stearns and Lehman Brothers were paid largely in stock, and that they lost most of their wealth when the companies collapsed, right? Turns out, not so much: "Three professors at Harvard are disputing that logic in a new study, saying it is an urban myth that executives at Bear and Lehman were wiped out along ...
Related Topix: Lehman Brothers Holdings, Financial Services, Investment Services
Lindsay, Auletta Discuss News Corp, Microsoft and Google: Video
Nov. 23 -- Jeffrey Lindsay, senior analyst at Sanford C. Bernstein & Co. Inc., and Ken Auletta, author of "Googled: The End of the World as We Know It," talk with Bloomberg's Matt Miller and Carol Massar about News Corp.'s consideration to block Google Inc.'s Internet search engine from displaying its news articles.
Related Topix: Emerging Technology, Search Engines, Financial Services, Business News, Video
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