Goldman Sachs bought $2.3 billion worth of Italian sovereign debt during the first quarter, increasing its overall market exposure to troubled European countries, even as it reduced exposure to other risky nations, including Greece.
A federal judge in New York has rejected UBS AG's bid to dismiss a federal regulator's lawsuit accusing it of misleading Fannie Mae and Freddie Mac into buying billions of dollars of risky mortgage debt.
Wednesday, 2 May 2012 | Posted By:
| Source: CNBC.com
Amid climbing jet-fuel costs, Southwest Airlines, the country’s largest domestic passenger carrier, reported a loss in its first quarter. But as it moves into what could be another choppy period, it’s looking to a seasoned “fixer” to smooth out the price swings: Chris Monroe.
The U.S. isn't going back into a recession, though economic growth has slowed, Goldman Sach's chief equity strategist Abby Joseph Cohen told CNBC Monday.
The U.S housing market may still be in the doldrums, but funds that are betting on big gains in mortgage-related investments are a hot ticket this year on Wall Street.
Hologic, which makes cervical cancer tests and mammography systems, plans to market Gen-Probe's products in a deal large enough to attract Wall Street's top advisers.
He’s not a household name like Gates, Jobs, or Zuckerberg. His face isn’t known to millions. But during his remarkable 20-year career, no one has done more to change the way we communicate.
Chairman of Goldman Sachs Asset Management Jim O’Neill is among candidates in the running to replace Bank of England governor Mervyn King who leaves in June 2013, the Sunday Times reported, without citing where it got the information.
The Boston Consulting Group report suggests that Wall Street firms will have to cut another 10 to 12 percent of staff to reach higher profit targets in a weak business environment.
Amylin Pharmaceuticals, which spurned a $3.5 billion takeover bid from Bristol-Myers Squibb and is fending off a lawsuit from activist investor Carl Icahn, started reaching out to potential buyers last week, sources familiar with the situation said on Sunday.
An initial public offering—or IPO as it's most commonly called—is the way for companies to go from private to public and sell stock shares in their firm. Here's a look at how the IPO process unfolds as CNBC explains.
Stocks pared their early gains to finish mixed Friday, but the Dow and S&P still ended higher for the week, propelled by some robust earnings and encouraging news from the euro zone.
A new insider trading investigation is underway involving a current employee of Goldman Sachs —an investigation that could complicate the prosecution of former Goldman board member Rajat Gupta.
Facebook and Morgan Stanley, the lead underwriter of social networking company's IPO, were sued by shareholders who claimed the defendants hid Facebook's weakened growth forecasts ahead of its offering... Read More
As regulators scrutinize Facebook's problem-plagued stock market debut, they may have to confront areas of securities law that do not always clearly spell out what industry analysts are allowed to tell clients about companies on the verge of going public.... Read More
While trading glitches at the Nasdaq on the company’s opening day are widely seen as contributing to the sell-off, the stock’s lingering shortcomings are raising questions about whether or not lead underwriter Morgan Stanley (along with other banks) misgauged the demand, and the price of the deal.... Read More
In the run-up to Facebook's spacer $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, reduced his revenue forecasts for the company.... Read More