A New York Times editorial slammed Goldman Sachs for its role in the financial crisis and said that instead of paying big bonuses to its employees it should make a multibillion-dollar gift to help reduce the U.S. national debt.
Current valuations of waste managers such as Waste Connections Inc , Waste Management Inc and Republic Services Inc give the company's shares a lot of room to rise, according to a Barron's story.
Kraft Foods may raise its offer for Cadbury Plc or offer more cash in its bid if rival takeover offers emerge, a source familiar with the situation said on Sunday.
The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and n...
Bank of America may extend its search for a new chief executive into next year if its board is unable to pick a candidate in the next four days, according to a report on the Bloomberg News website.
Indian Prime Minister Manmohan Singh said on Sunday there was no substitute to the U.S. dollar for replacement as the global reserve currency.
International pressure on China to lift the value of its yuan against the dollar could stoke risks to growth in 2010, an economist at a top state thinktank has said, warning of a deepening dilemma facing currency policy.
President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed. With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said a December White House forum will leave no stone unturned in the hunt for jobs.
Bank of America Corp Chief Executive Kenneth Lewis has said he would consider postponing his retirement if directors need more time to find a successor or smooth the transition to the next CEO, the Wall Street Journal reported on Friday.
U.S. stocks could sputter next week as volumes dry up in holiday-shortened trading and with a slew of economic reports likely to illustrate the recovery is still fragile.
Apple's wireless carrier in China on Friday expressed its high expectations for the iPhone despite the relatively low sales since its debut, hoping the handset to attract 10 percent of China's 3G users in the in the next three years.
Investors bet on growth in the IPOs of a Chinese hotel chain and an online education company on Friday, but were less enthusiastic about a spin-off of mining giant Rio Tinto.
U.S. chocolate maker Hershey Co is considering launching a bid of at least $17 billion for British chocolatier Cadbury Plc in an effort to outstrip a hostile offer by Kraft Foods Inc, a source familiar with the matter said on Friday.
Investors tempted to put money into star hedge fund manager John Paulson's new gold portfolio will have to commit at least $10 million and leave the money locked up for at least one year, according to a prospectus.
The charitable trust that controls Hershey Co is pushing the company to launch a rival $17 billion bid for Cadbury Plc , the Wall Street Journal reported on Friday, citing people familiar with the matter.
Taiwan's largest chipmaker MediaTek Inc on Friday reached a broad patent agreement on third-generation (3G) chips with US rival Qualcomm without paying royalties, the firm said in a statement on its website.
The U.S. economy's return to growth in the third quarter was less brisk than previously thought as the trade deficit worsened and companies still aggressively cut inventories, a Reuters survey predicted.
U.S. stocks fell for a third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic.
The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.
NYSE Euronext , LCH.Clearnet, BATS Global Markets and other firms partnered with banks have urged two U.S. legislators to drop a proposed rigid cap on dealer ownership of clearinghouses, according to a letter sent this week.
U.S. stocks fell for third straight day on Friday as investors took weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton as a further sign that the recovery would be anemic.
Investors bet on growth on Friday, bumping up shares in two newly listed companies with strong trajectories while remaining neutral or down on two others whose prospects are murkier.
Mobile phone giant Nokia said on Friday it will axe 330 people from its research and development staff in Finland and Denmark.
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
Weaker-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday as Wall Street headed for its third straight day of losses.
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
Cloud Peak Energy Inc , a unit of Rio Tinto Plc, fell in its debut on the New York Stock Exchange on Friday after its shares priced below expectations in the U.S. coal miner's initial public offering.
Worst-than-expected results from computer maker Dell and homebuilder D.R. Horton helped push stocks lower on Friday in the third straight negative session for Wall Street.
The one-way bet in the U.S. dollar that has lasted several months may be over for now despite distress over its malaise that has stretched from Washington to Paris.
European regulators extended their review of Oracle Corp's proposed $7-billion acquisition of Sun Microsystems Inc, giving the software maker more time to address anti-competitive concerns.
