E*Trade Financial Corp's chief financial officer said on Wednesday that the deteriorating economic environment spurred by Europe's debt crisis was a key reason behind the No. 3 online brokerage's decision not to put itself up for sale after its recent strategic review.
Leon Cooperman sent a straightforward and scathing letter to President Obama Monday calling for reform and more accountability from President Obama calling for reform and more accountability from the administration.
Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein may be asked to testify in a market regulator's insider-trading case against a former director of the Wall Street bank, a judge ruled.
U.S. stocks rose more than 3 percent on Wednesday as major central banks acted jointly to add liquidity to the global financial system, boosting appetite for risky assets.
The Nikkei share average ended lower on Wednesday, reversing two days of gains on profit-taking as investors remained cautious over new
developments in the Eurozone debt crisis and looked to data later in the week.
Stock index futures pointed to a weaker open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 0.4-0.7 percent.
Goldman Sachs has raised $600 million from clients such as pension funds, wealthy families and large institutions for a new fund that would provide start-up money to hedge-fund managers, the Wall Street Journal said.
Justices hear case that could affect the statute of limitation for filing certain insider trading claims.
Five playwrights are tackling the heady topic of Occupy Wall Street over a full brunch this Sunday at the Ensemble Studio Theatre.
The Malkin family, the New York landlords who own the Empire State Building, plan to file to become a publicly traded real estate investment trust (REIT) in around three months, it said in a Securities and Exchange Commission filing.
Goldman Sachs picks its top nine technology stocks for 2012.
Zynga Inc embarks on a road show to promote its initial public offering next Monday, two sources familiar with the matter said, the latest dotcom name to try and whet investors' appetites.
Still another private equity bidder may be eyeing a bid for Yahoo: Boston-based giant Thomas H. Lee Partners
A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.
Almost three decades after she first played her onstage, Glenn Close has brought to the screen the strange and compelling character of Albert Nobbs, a woman in 19th-century Dublin who lives as a man to escape a traumatic past and hang onto her job as a waiter in precarious times.
Just weeks before the release of his first big-budget epic, Immortals, Relativity Media CEO Ryan Kavanaugh took a $200 million loan from billionaire Ron Burkle, TheWrap has learned.
U.S. District Court Judge Jed S. Rakoff issued an acerbic order blocking the U.S. Securities and Exchange Commission's proposed $285 million deal with Citigroup that is "neither fair, nor reasonable, nor adequate, nor in the public interest."
While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.
Online gaming firm Nexon Co said on Monday it would raise up to 98 billion yen ($1.3 billion) in an initial public offering this month, pushing ahead with its planned listing even as a massive hacking attack threatens to dampen excitement for the stock.
Carl Huttenlocher, former Asia head of JPMorgan Chase & Co's Highbridge Capital, said he will launch a hedge fund with more than $300 million on December 1 after a delay in obtaining regulatory approval.
Former MF Global Holdings Ltd. CEO Jon Corzine is expected to testify at a U.S. congressional hearing next month, a committee aide said on Friday, tamping down speculation that the former head of the bankrupt brokerage would decline to take part.
Shares of the Chicago-based daily deals site fell once again Friday, closing down 0.88 percent to $16.81. Shares fell as low as $16.20 earlier in the day before the price went up near market close.
