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David Wormsley, head of investment banking at Citigroup in London, exits Manhattan Federal Court in New York

For Britain's class of 2011, finance keeps allure

Investment bankers have been villified by the public since the financial crisis, and regulators are cracking down on their pay, but Britain's university graduates still aspire to become them. At the country's top universities, the generation of students who started their degree just as Lehman Brothers collapsed are still pursuing lucrative
Bernard Madoff walks back to his apartment in New York

Select quotes from Bernard Madoff in magazine interview

Convicted hedge fund swindler Bernard Madoff gave an interview to New York Magazine, in which he discussed a number of subjects, including government regulatory reform, prison life and his family. Here are some choice quotes from the interview:
earthquake

New Zealand Earthquake: Greater Loss than September?

Credit Suisse said the 6.3 magnitude earthquake that hit Christchurch, New Zealand on Monday appears to have caused more physical damage than the larger (7.1 magnitude) quake that hit the South Island city on September 4.
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Gold steadies off 4-week high ahead of U.S. data

Gold steadied on Wednesday ahead of a raft of U.S. data due later, having earlier risen to four-week highs as a retreat in the dollar and concerns over the medium-term inflation outlook helped support the precious metal.
De Beers

De Beers returns to profit, remains cautious

De Beers, the world's largest diamond producer, returned to a profit in 2010 as production rose 34 percent and diamond prices recovered to pre-crisis levels, although it remains cautious about the market this year.
Nokia's new Chief Executive Stephen Elop (L) shakes hands with Nokia's Chairman of the Board Jorma Ollila during a news conference in Espoo Finland, September 10, 2010

Six Reasons Why Nokia Adopted WP7

It is official. Nokia will be adopting Microsoft's Windows Phone 7 as its new smartphone operating system (OS), a move that could be the beginning of a new era for the Finnish mobile giant.
BlackBerry 9700

Nokia's Bane Could be Boon for RIM

Nokia's widely speculated transition to a new operating system would benefit rival Research In Motion as it provides an opportunity to expand in international markets.
MBA Destinations in Europe

The Top 5 MBA Destinations in Europe

European institutions received 85,262 score reports from people who took the GMAT® exam in testing year 2010 (July 2009-June 2010); we look at the top 5 countries in Europe that are attracting MBA aspirants from around the world.
Fertilizers

Impact of Egypt, Tunisia Unrest on Fertilizers

Credit Suisse said the civil unrest in Egypt and Tunisia could have positive implications on nitrogen and phosphate prices, as Egypt is a key supplier of urea while Tunisia is a major supplier of phosphate rock and fertilizer products.

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