Goldman Sachs Sells $2.3 Billion Of ICBC Shares To Temasek Holdings

Temasek Holdings, the Singapore state-owned investment group, has agreed to buy $2.3 billion worth of shares in the Industrial and Commercial Bank of China (ICBC) from Goldman Sachs, a move that is seen as part of its strategy to increase investment in emerging economies.

33 Key Earnings Reports To Watch, April 16-20

Earnings season will kick into full gear next week with results due from major players. The stock market had an incredible first quarter with double-digit percentage gains, and the flood of company earnings reports will largely decide which way the market will be going from here.

Citigroup's 1Q Earnings Expected To Be Flat

Analysts expect quarterly revenue of $19.85 billion, which would be a bump up from the $19.73 billion Citi posted a year ago. Net income is expected to be 99 cents a share, compared with $1 a share in the first quarter of 2011.

Federal Judge Approves $25B Mortgage Pact

A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.

$100 Million Sought as New Discrimination, Immigration Violations Complaint Filed against L&T

In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.

Bank of America CEO made $8.1 million in 2011

Bank of America Corp Chief Executive Officer Brian Moynihan made $8.1 million in total compensation last year, more than four times the $1.9 million he received in 2010, according to a filing with the U.S. Securities and Exchange Commission on Wednesday.


Blackberry Phone

RIM 4Q Earnings Preview: Can BlackBerry Maker Reboot Success?

Investors wonder if Research In Motion Ltd., which reports quarterly results Thursday, can rebound from recently anemic performance due to falling sales of its BlackBerry device. RIM's turnaround is being led by Thorsten Heins, who took over as CEO in January.
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Deals Increase with Need for More Network Security

Advanced hacking attacks by groups such as Anonymous and the prevalence of mobile devices like Apple Inc's iPhone are spurring demand for more sophisticated protection, making niche network security firms prime takeover targets, analysts and experts said.
A work station is pictured at the U.S. Department of Homeland Security's National Cybersecurity & Communications Integration Center (NCCIC) located just outside Washington in Arlington, Virginia September 24, 2010.

House Republicans Push Info-Sharing Cyber Bill

U.S. companies and the federal government would be able to share information about cybersecurity threats more easily under a bill introduced in the U.S. House of Representatives on Tuesday.
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Deutsche Bank to settle MBS suit for $32.5 million

Deutsche Bank AG has agreed to pay $32.5 million to investors who said they were misled about the quality of mortgage loans sold to them as highly rated securities right before the U.S. housing market imploded, court papers show.