;)
April 19, 2011
Baxter International will acquire privately held Prism Pharmaceuticals in a deal expected to close by the end of June.
April 19, 2011
Goldman Sachs set aside 11% less in compensation per employee in the first quarter than a year ago. The total compensation pool also fell, while the number of employees rose 7%.
April 19, 2011
Under the agreement with the hedge fund, Iron Mountain may sell its digital archiving business and explore whether to become a R.E.I.T.
April 19, 2011
April 19 (Bloomberg) -- Keith Hennessey, former director of the White House's National Economics Council under President George W. Bush, talks about Standard & Poor's decision to change the U.S.'s credit rating outlook to "negative" and the impact of the change on policy makers. Hennsessey, speaking with Erik Schatzker on Bloomberg Television's "InsideTrack," also discusses tax legislation and the challenges of resolving the budget deficit. (Source: Bloomberg)
April 19, 2011
Reuters - U.S. Treasury Secretary Timothy Geithner on Tuesday said there was "no risk" that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.
April 19, 2011
Timothy Geithner does not want the market to smell his fear. “I want to make one thing perfectly clear,” he said Sunday. “Congress will raise the debt ceiling.” But if there was truly so little doubt, Geithner wouldn’t have been peppered with questions about it on the Sunday shows.
April 19, 2011
April 19 (Bloomberg) -- Laurence Fink, chairman and chief executive officer of BlackRock Inc., talks about Standard & Poor's decision to cut its outlook on U.S. AAA credit rating to "negative." He speaks with Erik Schatzker on Bloomberg Television's "InsideTrack." (This is an excerpt of the full interview. Source: Bloomberg)
April 19, 2011
April 19 (Bloomberg) -- Evy Hambro, portfolio manager of BlackRock Inc.'s flagship World Mining Fund, talks about the price of metals and investing in commodities compared with exchange traded funds. Hambro also discusses BHP Billiton Ltd.'s share buy-back program. He speaks with Mark Barton on Bloomberg Television's "On The Move."
April 19, 2011
Pietro Ferrero, the co-chief executive of Ferrero, died in a cycling accident in South Africa, placing a question mark over the future direction of the candy maker behind Italy's iconic Nutella chocolate and hazelnut spread.
April 18, 2011
James Chanos, the founder of hedge fund Kynikos Associates and the man who predicted the fall of Enron, is a very vocal bear on China’s property market. In April, 2010, Chanos was quoted as saying that China is “on a treadmill to hell…. is Dubai times 1000. They can’t afford to get off this heroin of property development. It is the only thing keeping the economic growth numbers growing.” A year later, Chanos is still waiting for China’s “property bubble” to burst.
April 18, 2011
Senator Carl Levin, who headed up a congressional inquiry into the financial crisis, says Goldman executives "misled" clients and Congress -- and he wants to refers his subcommittees findings to the Justice Department.
April 18, 2011
CEOs should make decisions based on long-term profitability, not a political agenda, encourages the Wall Street Journal.
April 18, 2011
Shareholders are increasingly concerned about the number of CFOs leaving their positions in the wake of the financial crisis.
April 18, 2011
More companies are requiring all directors stand for election on an annual basis.
April 18, 2011
April 18 (Bloomberg) -- Hugh Simon, chief executive officer of Hamon Investment Group and co-manager of the Dreyfus Greater China Fund, discusses his China's housing market and currency policy. Simon speaks with Deirdre Bolton on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
April 18, 2011
Borders has been ordered by a bankruptcy judge to change its executive bonus plan.
April 18, 2011
Corporations who require top executives to use corporate aircraft, even for personal reasons, are coming under public scrutiny.
April 18, 2011
Microsoft's battle against a copyright infringement lawsuit brought by i4i has reached the Supreme Court, and the company is expected to challenge current standards for overturning patents.
April 18, 2011
Johnson & Johnson is reportedly in talks with Synthes in a deal that could be valued at around $20 billion.
April 18, 2011
China has announced the deposit reserve ratio for most banks will be raised, while various business measures are pending legislation.