U.S. Attorney Preet Bharara argued the government had gone too easy on corporations in recent years, and that felony charges could be in the offing.
John Reed expressed concern that the size of Citigroup, the bank he merged with Travelers, is so complex it's nearly impossible to manage.
Happy Monday. The Morning Six-Pack returns after a three-day respite. Cheers!
Tourist are more savvy than they used to be and demand the best technology, even atop some of the world's tallest buildings.
New research suggests that the state of retirement isn't as disastrous as thought.
Author Michael Lewis alleges that the stock market is "rigged" by a cabal of high frequency traders, stock exchanges, and Wall Street firms.
I haven't read Mr. Lewis' book, but I've read the S-1 for Virtu, which is a high-speed trading firm that is slated to go public, likely in the next few weeks.
Lehman Brothers may be long dead, but its assets continue to be a lucrative investment for hedge funds.
Trade halts are rare in IPO debuts. Energous, which develops wire-free charging technology, was halted today because it tripped a circuit breaker.
The IPO parade is underway and after double-digit pops for yesterday's three IPOs, today shows a mixed picture.
After a rough week, 6 IPOs priced at sensible levels, and a big rally in three new offerings have greatly reduced the anxiety.
Emerging markets storm higher while small- and mid-cap stocks fall behind. Russell 2000 and Nasdaq at six-week lows.
BlackRock chief Larry Fink thinks companies should focus more on long-term results while Carl Icahn is more "short-termist." Who's right?
After disappointment with King Digital, the IPO market is watching new offerings very carefully.
King Digital trades below offering price, causing concern in hot-hot-hot IPO market.
The largest hedge funds now control more cash than ever.
The Blackstone Group plans to reduce its ownership in SeaWorld to 25 percent. In December it was as high as 63 percent.
A new study from the Global Business Travel Association paints a profile of optimistic spending.
Come April, the price will fall to 530 yen with the sales tax completely excluded, and retailers can choose to absorb none, some or all of the tax.
Hedge fund manager John Paulson already made billions off the sub-prime mortgage market. Now he's hoping for more.