The hedge fund business might not be so easy after all, even for billionaires. Reports are out today citing ‘people close to the situation’ that Citigroup Inc. (NYSE: C) via its private…
Jon C. Ogg Citigroup Inc. (NYSE: C) does not feel it is being dealt fairly with in the matter of losses that arose from the Facebook Inc. (NASDAQ: FB) initial public offering. The bank believes…
Douglas A. McIntyre Best Buy Resumes Talks with Founder Even with a new CEO on the way, the Best Buy Co. Inc. (NYSE: BBY) board continues to hedge bets about the firm’s future. Founder Richard…
The Federal Reserve signals it may ease monetary policy as early as next month. (Reuters) HSBC China PMI estimates hit a multimonth low at 47.8, down from 49.3 in July. (Reuters) Hewlett-Packard…
While M&A activity might be slower this year than it was last, there is one buyer that has picked up the pace. Actually, a number of buyers from one country: China. And…
The International Monetary Fund and World Bank do not think the rise in food prices will bring a global financial crisis. (Reuters) Apple Inc. (NASDAQ: AAPL) is the largest company by market…
The press recently had a field day with a report from the “Institute for Policy Studies” about executive pay. The report said the of the 100-highest paid U.S. CEOs in 2011, “26…
Twenty-six of the top 100 highest-paid U.S. CEOs in 2011 made more than their companies paid in federal income taxes, according to a study released recently by the Institute for Policy Studies. This figure is up from…
Standard Chartered continues to seek an agreement with the U.S. government to settle money laundering charges. (Reuters) The new Samsung tablet has a unique split screen technology. (Reuters) A judge presses for…
If you think that the higher regulation of banks and financial institutions is immaterial, it is not. Even if the banks need far more regulation than what they had been accustomed to,…
Chesapeake Energy Corp. (NYSE: CHK) sells assets to improve earnings. (Reuters) Standard Chartered may lose its New York banking license over allegations it hid $250 billion in transactions tied to Iran. (Reuters) Acer…
American International Group, Inc. (NYSE: AIG) is just one more step closer to being a self-governing company without the oversight of taxpayers and the government. Still, AIG owes all of us taxpayers…
The outplacement firm of Challenger, Gray & Christmas has released its job-cuts report for July, indicating that July layoffs declined by 2% from June’s layoff count, which had fallen by 45% from…
Bloomberg TV hosted the outspoken and well-known bank analyst Meredith Whitney early Tuesday morning about the banking sector and the future trends that have to be addressed in banking and brokerage operations. She…
There is a saying that goes like this: “For every saint there is a past, and for every sinner there is a future.” What happens when a big sinner looks for redemption?…
