As the federal government moves to institute salary caps for Wall Street executives, an increasing number of assholes are seeking employment elsewhere, a study confirmed today. According to the report commissioned by the University of Minnesota's School of Business, at a ...Read More
As millions of Americans struggle to hold on to their homes, Wall Street has found a way to make money from the mortgage mess. Investment funds are buying billions of dollars' worth of home loans, discounted from the loans' original value. ...Read More
Nov. 21 (Bloomberg) -- Hershey Co.’s controlling trustwants the candy company to make a $17 billion bid for Britishconfectioner Cadbury Plc, the Wall Street Journal reported,citing unidentified people familiar with the matter.
The offer would trump Kraft Foods Inc.’s bid for ...Read More
The home builder D. R. Horton said on Friday that its quarterly loss narrowed despite a decline in revenue as its inventory write-down costs fell. But the write-downs were still wider than Wall Street had predicted, and the company's shares ...Read More
Cadbury produces some of the UK's best-known chocolate bars
US chocolate maker Hershey is considering launching a solo bid of at least $17bn (£10bn) for British firm Cadbury, according to reports.
Under pressure from its charitable trust, Hershey has lined up ...Read More
NEW YORK - Hershey Co. may make a $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. The bid wouldn't be ready for two ...Read More
It's truly touching that Goldman Sachs' CEO Lloyd Blankfein, who recently said that his too-big-to-fail, Fed-backed holding company is doing "God's work," has offered a mea culpa (of sorts) for his firm's past sins. Our beneficent overlords at Goldman Sachs ...Read More
* Dollar strengthens as risk appetite fades * Wall Street dips, investors assess economic prospects * Mild weather, profit-taking hit energy futures NEW YORK, Nov 20 (Reuters) - U.S. crude oil futures paredsome losses at midday Friday, but the mood ...Read More
Some of the largest shareholders in Goldman Sachs Group Inc. have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people ...Read More
UPDATE: Secretary Tim Geithner got hammered on Capitol Hill yesterday. Congressmen said the public has lost faith in him and asked for his resignation.
Why has the Geithner rage flared up now, a full year after he reamed taxpayers to save ...Read More
* Big investors want Goldman to reduce bonus pool-WSJ * Investors not requesting large cut-paper (Adds comment, more detail and background, adds ZURICH) ZURICH, Nov 20 (Reuters) - Big shareholders at Goldman Sachs(GS.N) have asked the U.S. bank, on track to deliver $20 ...Read More
LONDON — European stock markets rose Friday despite a drop in Asia as investors recouped some of the previous day's hefty losses ahead of a key speech from European Central Bank president Jean-Claude Trichet. The FTSE 100 index of leading British ...Read More
Whenever the issue of Wall Street bonuses comes up, it's usually activist types complaining, not shareholders.
And so the obvious rejoinder is that if the company were actually paying too-high bonuses, then the shareholders could either try to do something about ...Read More
Some of the computer-industry's biggest players - such as IBM Corp., Intel Corp. and Hewlett-Packard Co. - have wowed Wall Street this fall with stronger-than-expected profits. Dell Inc. didn't join them Thursday. The company reported a 54 percent drop in net income ...Read More
NEW YORK (Reuters) - Liberty Media Corp Chairman John Malone said on Thursday that DirecTV Group would be "compatible" with a telephone company if either of its current partners showed an interest in buying it. Malone was speaking to shareholders at ...Read More
Dell Inc. said Thursday that its net income dropped 54 percent in the latest quarter and amid signs the company isn't fully benefiting from the computer industry's fledgling recovery. Dell's numbers missed Wall Street's forecasts, and the shares fell almost 6 ...Read More
* Q1 loss of 10 cts/shr vs Street view for 16 cent loss * Sees Q2 profit of 29-32 cents vs Street view for 37 cents * Shares little changed BOSTON, Nov 19 (Reuters) - Intuit Inc (INTU.O), maker ofQuickBooks accounting software, posted ...Read More
Any illusion that legislation to overhaul the nation's financial regulatory system would move through the Senate quickly and easily vanished Thursday morning inside the Russell Senate Office Building. Sen. Christopher J. Dodd (D-Conn.), chairman of the Senate Banking Committee, chose the ...Read More
Intuit Inc.'s (INTU) fiscal first-quarter loss widened as higher costs and expenses more than offset slightly higher revenue. The tax and accounting software company also projected earnings for the current quarter below Wall Street estimates. Intuit expanded its reach in personal ...Read More
Morgan Stanley CEO John Mack appears to have no problem financial regulators. In fact, Mack, speaking at a financial journalist panel held by Bloomberg last night, said that banks "cannot control ourselves." The government, Mack said, "has to step in ...Read More
A new report from Digitimes on Thursday says Apple's anticipated tablet will not be released in the first part of 2010 as originally thought, but rather in the second half of the year. One industry analyst said the timing of ...Read More
