Investment Service News

In the global war for talent, the likely winners are U.S.-based global companies that offer border-crossing career opportunities and appeal to the wanderlust of a new generation.

Hershey Co. may make a US$17-billion bid for UK candy company Cadbury PLC, topping the recent $16.5-billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.

Nov. 19 -- Curtis Arledge, who helps manage more than $500 billion as co-head of fixed-income portfolio management at BlackRock Inc., talks with Bloomberg's Erik Schatzker and Deirdere Bolton about the implications of excess liquidity for markets, the Treasury yield curve, and the outlook for U.S. economic growth.

Rep. Peter DeFazio called for the firing of President Barack Obama's top two economic aides on Wednesday for pursuing a recovery plan skewed too heavily towards Wall Street's favor.

So now we know the value Goldman Sachs Group Inc. places on salving its conscience for screwing up what Chief Executive Lloyd Blankfein called ''God's work.'' It seems that $500 million is all it takes to compensate the world for Goldman's role in creating the credit crunch.

Big shareholders at Goldman Sachs have asked the U.S. bank, on track to deliver $20 billion in bonuses, to pass more profit to investors after it quadrupled quarterly net profit, the Wall Street Journal reported.

A Louisiana banking company sees the worst rash of bank failures in two decades as fertile ground to expand well beyond the state line.

Warren Buffett's company has lined up an $8 billion loan to help pay for its $26.3 billion acquisition of Burlington Northern Santa Fe Corp.

Nov. 19 -- Larry Kramer, an adviser to Polaris Venture Partners, talks with Bloomberg's Betty Liu about plans by General Electric Co.

Timothy Geithner, U.S. treasury secretary, testifies at a joint Economic Committee hearing on financial regulatory overhaul in Washington, D.C., U.S., on Thursday, Nov.

Blackstone Group's Pinnacle Brands Corp is expected to buy U.S. frozen vegetable company Birds Eye Foods for more than $1.3 billion, a source familiar with the matter said on Thursday.

Goldman Sachs seems addicted to excess, whether in the form of executive compensation, leverage, bonuses, or charitable giving.

NEW YORK - E-Trade Financial Corp. shares surged late Wednesday after media reports fed speculation that rival online broker TD Ameritrade Holding Corp.

A day before New Jersey's oldest casino is expected to hand over the keys to its lenders, who haven't been paid in a year, the casino laid out just how bad its financial condition is.

Nov. 18 -- Charles Ellis, founder of Greenwich Associates and author of "The Partnership: The Making of Goldman Sachs," talks with Bloomberg's Deirdre Bolton and Erik Schatzker about yesterday's apology by Goldman's Chief Executive Officer Lloyd Blankfein for the firm's role in some of the activities leading to the financial crisis.

The agency that manages Wisconsin's pension fund has tightened its travel policy to discourage employees from purchasing expensive business class flights.

Norwest Venture Partners has raised $1.2 billion for a new venture capital fund, an optimistic sign for technology start-ups. LifeSize Norwest Venture had invested in the videoconferencing start-up LifeSize Communications, which Logitech bought this month.

Frank DiPascali, a former top deputy to imprisoned Ponzi schemer Bernard Madoff, has been released from prison after having been denied two prior bail requests, according to the Federal Bureau of Prisons' website.

The Principal Financial Group Inc. said Tuesday its president of insurance and financial services will retire at the end of this year.

Ford Motor Co., two weeks after posting a surprise $997 million third-quarter profit, closed today at its highest price in more than two years, benefiting investors including billionaire George Soros.