Cohen Group News

Shares of Saks spiked 18% to five-year highs Wednesday morning following a report that the retailer has hired Goldman Sachs to explore a possible sale to a deep-pocketed private-equity or sovereign-wealth fund.

Hedge funds' returns have stayed "lackluster" this year, with the $2.3 trillion industry trailing the gains of the Standard & Poor's 500 Index by about 10 percentage points, according to Goldman Sachs Group Inc.

Financial stocks were up on Wednesday as Federal Reserve Chairman Ben Bernanke testifies to Congress about the state of the economy in which he confirmed his support for continuing monetary stimulus to help the economic recovery.

Pressing the G8 to get tough on avoidance is hypocrisy while British dependencies like the Caymans are still in business 'Dependencies' like the Caymans enjoy the benefits of citizenship and yet harbour people who are lifting billions from UK taxpayers.

Dow component Hewlett-Packard Co. and Target Corp. are among the high-profile companies in the queue to report quarterly results on Wednesday.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

In Hong Kong, where the Hang Seng Index fell 0.5% to 23366.37, the focus was on one of China's largest banks.

Here at Maclean's, we appreciate the written word. And we appreciate you, the reader.

The Dow Jones industrial average and S&P 500 ended at all-time highs, while the dollar rose and gold fell.

The markets swung around the unchanged line on Tuesday as traders continued mulling corporate and Fed-related headlines, along with bullish commentary from Goldman Sachs.

Financial stocks were up in early trades on Monday, continuing their winning streak ahead of Fed Chief Ben Bernanke's testimony to Congress on Wednesday.

While Barack Obama's "favorite banker" continues to receive the royal treatment in Washington, new sleaze allegations threaten to further tarnish the golden boy image of "teflon don" Jamie Dimon, the CEO and Chairman of JPMorgan Chase.

The legacy of J.C. Penney's former CEO continues to cast a dark cloud over the department-store chain.

But when Wall Street's two most powerful bankers do a public show like they did last week, it's done to send a message.

Any West Virginian interested in creating a competitive, self-sustaining economy should read Nature's Fortune: How Business and Society Thrive By Investing In Nature.

Renting an apartment in New York often resembles an obstacle course. A new company is aiming to simplify the search by putting the process online.

Call it the smell test. When Google justifies paying minimal taxes in the UK because "no money changes hands" here, while admitting that up to 70% of its relevant ad revenues are handled by UK staff, then all may be legal - but something still doesn't smell right.

The announcement comes shortly after a scandal at the financial data services company in which reporters were given access to terminal customers' data.

A number of Wall Street firms are hoping to cut back on at least some of the popular features offered by Bloomberg LP - moves that could crimp the data distributor's bottom line.

Macquarie cut its forecast for prices of all the major agricultural commodities bar cotton - but particularly for corn and wheat, for which it foresaw prices tumbling to levels rarely seen since 2010.