NEW YORK CITY

IBTimes Logo

Toll Brothers posts wider Q4 loss, shares fall

Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.

Fed squeezes directors in wake of NY Fed chairman's resignation

IBTimes Logo
The Federal Reserve is tightening its policies on director eligibility more than six months after then New York Fed Chairman Stephen Friedman resigned after questions were raised about his stockholdings in Goldman Sachs once it came under the Fed's direct supervision.

Fed bars directors from owning financial stock

IBTimes Logo
The Federal Reserve said on Wednesday it will no longer allow directors at regional Fed banks to own shares in financial firms, following controversy over a former Goldman Sachs CEO who bought that firm's stock while leading the New York Fed's Board.
More news
IBTimes Logo

Goldman holders seek bonus pool reduction: report

Some big Goldman Sachs Group Inc shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the Wall Street Journal reported on Friday.
IBTimes Logo

AIG board meets Tues, no plan on CEO: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

AIG board to meet Tues, no action on Benmosche: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

AIG board to meet Tues, no plan on Benmosche: source

An American International Group Inc's board meeting is expected next week against the backdrop of Chief Executive Robert Benmosche's frustration with the U.S. government's involvement in the insurer's affairs, a source familiar with the matter said on Thursday.
IBTimes Logo

Goldman Sachs makes 272 managing directors: source

Goldman Sachs Group Inc , in the spotlight over its controversial plans to pay billions of dollars in year-end bonuses to executives, has invited 272 executives to join the ranks of managing directors, a source familiar with the matter said.
IBTimes Logo

AIG's Benmosche totally committed to company

American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains totally committed to staying at the company, countering an earlier report that he was considering stepping down.
IBTimes Logo

Macy's holiday outlook a turkey, stock drops

U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.
IBTimes Logo

AIG's Benmosche considering stepping down: report

American International Group Inc Chief Executive Robert Benmosche said he and the company's board are frustrated about restrictions on pay and are in discussions with the U.S. government about them, according to an employee letter obtained by Reuters.
IBTimes Logo

Macy's holiday quarter outlook sends shares down

Department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 7 percent.
IBTimes Logo

Macy's Q4 forecast disappoints; shares fall

Department store operator Macy's Inc forecast earnings for the critical fourth quarter far below Wall Street expectations, sending shares down 3.4 percent in premarket trading.
IBTimes Logo

AIG chief threatened to leave over pay constraints: report

Unhappy over constraints imposed by U.S. government overseers, American International Group Inc Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter.
IBTimes Logo

AIG's Benmosche threatened to leave over pay constraints: report

Unhappy over constraints imposed by U.S. government overseers, American International Group Inc Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter.
IBTimes Logo

AIG's Benmosche threatened to leave: report

Unhappy over constraints imposed by U.S. government overseers, American International Group Inc Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter.
IBTimes Logo

Goldman Sachs boss says banks do God's work

The chief executive of Goldman Sachs, which has attracted widespread media attention over the size of its staff bonuses, believes banks serve a social purpose and are doing God's work.
IBTimes Logo

Thomson Reuters quarterly revenue falls

Thomson Reuters Corp reported a decline in quarterly revenue as sales in its legal and markets divisions fell, while underlying operating profit rose on currency benefits and cost cuts.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.