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May 18, 2011
NEW YORK — The maid came from one of the world’s poorest countries to the U.S., working to support the teen daughter she raised alone. The penthouse suite at the Sofitel Hotel was just another room; she had no idea the man she says tried to rape her was a famous French politician.
The man, Dominique Strauss-Kahn, remained jailed under a suicide watch Wednesday as a lawyer for the woman sought to rebut whispered allegations that her charges were a conspiracy and a setup.
Calls intensified for the 62-year-old Strauss-Kahn to step down as head of the powerful International Monetary Fund, with U.S. Treasury Secretary Timothy Geithner saying Strauss-Kahn “is obviously not in a position to run” the agency.
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May 18, 2011
Web giants Facebook, Google, Twitter and Skype have banded together to oppose an online social networking privacy bill in California that would require users’ permission to display personal information such as home addresses and phone numbers.
The bill, introduced last February by state Senate Majority Leader Ellen M. Corbett (D-San Leandro), started out as legislation aimed at minors to create stronger privacy safeguards for their personal information.
Corbett said in an interview that Facebook and other companies argued that the focus on youth would encourage lying about age. She said the Silicon Valley networking giant protested that youth wanted to better control their information.
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May 18, 2011
E.U. finance ministers insisted on further deficit-cutting efforts by Athens and acknowledged that the private sector could be included in loan restructuring.
May 18, 2011
May 18 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner discusses the federal deficit. Geithner spoke yesterday at the Harvard Club in New York. Erik Schatzker reports on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
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May 18, 2011
May 18 (Bloomberg) –- Eugen Weinberg, head of commodities research at Commerzbank AG, talks about Glencore International Plc's initial public offering. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
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May 18, 2011
May 18 (Bloomberg) –- Michael Spencer, chief executive officer of ICAP Plc, talks about the company's fiscal full-year earnings and growth in emerging markets. He speaks with Francine Lacqua on Bloomberg Television's "On The Move."
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May 18, 2011
Six months into his tenure as Hewlett-Packard's chief executive, Leo Apotheker is struggling to stop the bleeding at the world's largest technology company.
May 18, 2011
Is it time for activist boards to take a hand at Microsoft, Yahoo and Cisco?
May 18, 2011
My latest research into opaque state financial statements suggests taxpayers will be surprised by how much pensions are underfunded.
May 17, 2011
Other hedge fund managers may have retreated from gold, but John A. Paulson is staying the course. And he plans to stay at the helm until age 70.
May 17, 2011
The acquisition target, Advanced BioHealing, one of the few companies selling a product made of living cells, had planned to go public.
May 17, 2011
With buyers driving yields on the safest of government paper to the lowest so far in 2011, some investors were busy trying to stay out of trouble and lightening the load somewhat on financial names possibly likely to suffer should the economy hit a rocky patch. Most active names today included Morgan Stanley, Goldman Sachs, Bank of America and JPMorgan Chase.
May 17, 2011
The former vice chairman of the Federal Reserve, Don Kohn, told British lawmakers "the cops weren't on the beat" during the financial crisis, according to an article in The Financial Times.
May 17, 2011
A host of hedge funds and private wealth managers are on the roster for a meeting to drum up interest in A.I.G.'s stock offering. As the company's chief executive, Robert H. Benmosche, tries to talk up A.I.G.'s valuation, investors seem to be settling on a consensus of about $30 a share -- which would almost certainly be a win for the once-troubled insurance giant.
May 17, 2011
Howard Stringer, Sony's chief executive, argued that Sony had responded to the attack in a timely manner and regularly shared information with customers.
May 17, 2011
The recession prompted CEOs and companies to stay the course, despite poorer performance
May 17, 2011
Greater emphasis on corporate governance reduces entrepreneurial activity, said 38 percent of respondents to a survey conducted by the Institute of Chartered Accountants in Australia.
May 17, 2011
Almost 35.9 million share votes were cast against the executive compensation plan at Hercules Offshore.
May 17, 2011
The Eighth U.S. Circuit Court of Appeals ruled that Minnesota can require corporations to disclose political spending.
May 17, 2011
Nasdaq and ICE withdrew their bid for NYSE Euronext after concluding that the deal would not receive regulatory approval.