Eye-popping Wall Street bonuses could be banned by the U.S. government if pay packages are deemed to encourage inappropriate risks, under a bill approved on Friday by the U.S. House of Representatives.
Warren Buffett's Berkshire Hathaway Inc has realized a $1.02 billion paper profit on a 10-month-old investment in BYD Co after shares in the Chinese car and battery maker quintupled.
Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.
Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.
Stocks rose on Thursday as solid corporate profit reports and a drop in the number of Americans on jobless benefits gave investors reasons to buy equities following the S&P 500's two days of losses.
Bonuses paid to executives at nine banks that received U.S. government bailout money in 2008 were greater than net income at some of the banks, the office of New York Attorney General Andrew Cuomo said on Thursday.
Bonuses paid to executives at nine banks who received U.S. government bailout money in 2008 were in some cases greater than net income, the office of New York Attorney General Andrew Cuomo said on Thursday.
General Electric Co shares climbed more than 7 percent on Thursday after a powerful U.S. lawmaker said he saw no great need for the largest U.S. conglomerate to spin off its finance arm.
Stocks advanced on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.
Stocks rose on Thursday as a string of solid corporate profits and a drop in the number of Americans staying on jobless benefits fueled economic recovery hopes.
General Electric Co shares climbed 5 percent on Thursday after a powerful U.S. lawmaker suggested a planned financial regulatory overhaul would not force the largest U.S. conglomerate to spin off its hefty finance arm.
Stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, a broker upgrade for General Electric Co , and fresh indications that the global economic downturn is easing.
Stock index futures rose on Thursday following another string of stronger-than-expected quarterly corporate profits, including from Visa Inc , and fresh indications that the global economic downturn is easing.
Goldman Sachs Group Inc and Deutsche Bank AG were issued subpoenas by a U.S. Senate panel looking for evidence of fraud in the 2008 mortgage-market meltdown, the Wall Street Journal said, citing people familiar with the matter.
The top U.S. futures regulator on Wednesday expressed concern that exempting some investors from proposed position limits on futures contracts could undermine efforts to clamp down on excessive speculation in energy trading.
Commodity Futures Trading Commission Chairman Gary Gensler said on Wednesday he supports exemptions for bona fide hedgers despite some broader concerns as the regulatory agency moves toward clamping down on excessive speculation in energy futures trading.
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The top U.S. futures market regulator would strip liquidity needed to make the market run efficiently if it failed to allow certain traders to exceed position limits, a Goldman Sachs Group Inc executive said Wednesday.
Asian shares hovered near their 10-month peaks on Wednesday as investors wait for more company earnings, but China's CSCEC made a blockbuster listing in Shanghai.
Citigroup Inc shares could more than double by 2012, financial weekly Barron's said in its July 27 edition, citing the company's global footprint and earnings power.
Bankers and traders, no matter where they work, might have Goldman Sachs Group Inc to thank for heftier bonuses this year.
Warren Buffett said he has no plans to soon exercise Berkshire Hathaway Inc's warrants to buy $5 billion of Goldman Sachs Group Inc stock, although he could make a big profit by doing so.
