Microsoft, Ford earnings lift stock futures
July 23, 2010
July 23, 2010
Reuters - Stock index futures rose on Friday, as another batch of solid corporate results, including Microsoft and Ford, along with positive economic data in Europe eased fears about the strength of a recovery.
Scribbles helped scuttle AIG probe
July 23, 2010
Prosectors initially thought they had a strong case against Joseph Cassano, whose derivatives unit helped drag down AIG. How he escaped prosecution shows the complexity of the probes stemming from the financial crisis.
July 23, 2010
Prosectors initially thought they had a strong case against Joseph Cassano, whose derivatives unit helped drag down AIG. How he escaped prosecution shows the complexity of the probes stemming from the financial crisis.
UBS taps Hong Kong banker Yam for board
July 23, 2010
UBS said Friday that it had nominated the former central banker of Hong Kong, Joseph Yam, to join its board of directors next April.
July 23, 2010
UBS said Friday that it had nominated the former central banker of Hong Kong, Joseph Yam, to join its board of directors next April.
SEC: Delay on ratings disclosure for bonds
July 23, 2010
The Securities and Exchange Commission said Thursday that it was issuing a six-month reprieve on a provision in the recent financial overhaul legislation, allowing issuers of asset-backed bonds to omit credit ratings from their offering documents, Bloomberg News reported.
July 23, 2010
The Securities and Exchange Commission said Thursday that it was issuing a six-month reprieve on a provision in the recent financial overhaul legislation, allowing issuers of asset-backed bonds to omit credit ratings from their offering documents, Bloomberg News reported.
BofA continues to trim private equity
July 23, 2010
Bank of America, under government pressure to curb private-equity investments, plans to sell $1.2 billion of commitments to funds managed by Warburg Pincus, as about 30 employees join two new bank-affiliated ventures, Bloomberg News reported.
July 23, 2010
Bank of America, under government pressure to curb private-equity investments, plans to sell $1.2 billion of commitments to funds managed by Warburg Pincus, as about 30 employees join two new bank-affiliated ventures, Bloomberg News reported.
A tale of two states
July 23, 2010
A letter from Connecticut Gov. M. Jodi Rell to a group of New York hedge fund executives inviting them to discuss the benefits of a relocation to her state had New York Mayor Michael R. Bloomberg reiterating his frustration with Albany's proposal to tax out-of-state hedge fund managers.
July 23, 2010
A letter from Connecticut Gov. M. Jodi Rell to a group of New York hedge fund executives inviting them to discuss the benefits of a relocation to her state had New York Mayor Michael R. Bloomberg reiterating his frustration with Albany's proposal to tax out-of-state hedge fund managers.
New York sues BofA and Merrill over merger
July 23, 2010
The state is trying to recoup pension fund losses that occurred when the bank took over Merrill Lynch at the beginning of the financial crisis.
July 23, 2010
The state is trying to recoup pension fund losses that occurred when the bank took over Merrill Lynch at the beginning of the financial crisis.
Feinber: bonuses paid by troubled banks were unmerited
July 23, 2010
Citigroup and Goldman Sachs are among 17 companies said to have made lavish and unmerited payouts.
July 23, 2010
Citigroup and Goldman Sachs are among 17 companies said to have made lavish and unmerited payouts.
Geithne: tax cuts for rich should expire
July 23, 2010
Treasury Secretary Timothy F. Geithner on Thursday rejected calls from some Democrats to extend tax cuts for the nation's top earners past their 2010 expiration date, saying the fragile recovery is no reason to avoid raising taxes on the wealthy.
United States Secretary of the Treasury - United States - Tax - Timothy Geithner - Politics
July 23, 2010
Treasury Secretary Timothy F. Geithner on Thursday rejected calls from some Democrats to extend tax cuts for the nation's top earners past their 2010 expiration date, saying the fragile recovery is no reason to avoid raising taxes on the wealthy.
Feinberg report to criticize 17 bailed-out firms over pay
July 23, 2010
More than a dozen firms that received federal bailout money handed out $1.6 billion in excess executive compensation at the height of the financial crisis, according to a report to be released Friday by the government's "pay czar."
Kenneth Feinberg - Promotion - Web Design and Development - Pay-Per-Click Advertising - Goldman Sachs
July 23, 2010
More than a dozen firms that received federal bailout money handed out $1.6 billion in excess executive compensation at the height of the financial crisis, according to a report to be released Friday by the government's "pay czar."
Key lieutenants behind scenes ensured passage of financial regulation overhaul
July 23, 2010
When Neal Wolin walked into the House speaker's office in December, landmark legislation to reshape the nation's financial regulations had been working its way through the House for more than six months. Top Obama administration officials had been confident the bill would ultimately pass the cham...
Financial services - Business - Financial Planning - United States - United States Senate
July 23, 2010
When Neal Wolin walked into the House speaker's office in December, landmark legislation to reshape the nation's financial regulations had been working its way through the House for more than six months. Top Obama administration officials had been confident the bill would ultimately pass the cham...
Lack of votes for Senate Democrats’ energy bill may mean the end
July 23, 2010
Conceding that they can't find enough votes for the legislation, Senate Democrats on Thursday abandoned efforts to put together a comprehensive energy bill that would seek to curb greenhouse gas emissions, delivering a potentially fatal blow to a proposal the party has long touted and President O...
United States - Democratic - Senate - Government - Legislative Branch
July 23, 2010
Conceding that they can't find enough votes for the legislation, Senate Democrats on Thursday abandoned efforts to put together a comprehensive energy bill that would seek to curb greenhouse gas emissions, delivering a potentially fatal blow to a proposal the party has long touted and President O...
Financial overhaul had key lieutenants behind the scenes to ensure its passage
July 22, 2010
When Neal Wolin walked into the House speaker's office in December, landmark legislation to reshape the nation's financial regulations had been working its way through the House for more than six months. Top Obama administration officials had been confident the bill would ultimately pass the cham...
Financial services - Business - Financial Planning - United States - United States Senate
July 22, 2010
When Neal Wolin walked into the House speaker's office in December, landmark legislation to reshape the nation's financial regulations had been working its way through the House for more than six months. Top Obama administration officials had been confident the bill would ultimately pass the cham...
Wall Street bounces back on company results
July 22, 2010
July 22, 2010
Reuters - Stocks climbed on Thursday, bouncing back from the prior session's losses, after major companies, including UPS and 3M, reported strong revenues, easing investor concerns about future growth.
New York Sues BofA and Merrill for Pension Losses
July 22, 2010
New York is suing Bank of America and its Merrill Lynch securities firm over the companies' merger and Merrill's subprime mortgage exposure.
July 22, 2010
New York is suing Bank of America and its Merrill Lynch securities firm over the companies' merger and Merrill's subprime mortgage exposure.
Xerox earns soar following ACS buyout
July 22, 2010
July 22, 2010
AP - Xerox Corp.'s net income jumped 62 percent in the second quarter as the company reaped the benefits of its $6 billion acquisition of outsourcer Affiliated Computer Services and notched strong printer sales.
Strong earnings, housing data push Wall St higher
July 22, 2010
July 22, 2010
Reuters - Stocks jumped on Thursday as companies across a wide swath of the economy reported strong earnings and existing home sales fell less sharply than forecast, easing fears of a double-dip recession.
Internal audit’s say on pay
July 22, 2010
Plenty of groups are looking harder at executive compensation. Is your internal audit department one of them?
July 22, 2010
Plenty of groups are looking harder at executive compensation. Is your internal audit department one of them?
Obama signs expansion of financial regulation
July 22, 2010
July 22, 2010
President Obama signed a new financial reform bill, allowing the Securities and Exchange Commission more oversight over financial firms.
Blackstone’s 2Q profit rises to $205 million
July 22, 2010
The Blackstone Group on Thursday reported a $205 million profit for the second quarter, as gains in its real estate arm offset weakness in its private equity and hedge fund operations.
July 22, 2010
The Blackstone Group on Thursday reported a $205 million profit for the second quarter, as gains in its real estate arm offset weakness in its private equity and hedge fund operations.