Tim Farrar, Analyst at TMF Associates, explains why he thinks Softbank CEO Masayoshi Son may face obstacles in his plan to shake things up for the telecommunications industry in the U.S.» Read More
After appearing on "The Strategy Session" on Tuesday, Rodgin Cohen, senior chairman of Sullivan & Cromwell, continued the discussion off-air with David Faber, about the Industrial and Commercial Bank of China acquiring the Bank of Asia's U.S. Unit, making it the first Chinese lender to buy a U.S. retail bank.
Stocks retreated from multi-year highs on Tuesday, led by energy and materials stocks, as investors digested a mixed bag of economic news, including disappointing retail sales in December. Exxon fell, while Verizon rose.
Wael Ghonim has officially “taken a leave” from his position at Google according to Google spokesperson, Jennifer Bloch.
While leaders of the Deutsche Boerse and the NYSE Euronext touted the advantages of creating the world’s large exchange operator on Tuesday, the reaction on this side of the Atlantic has been, at best, guarded and, at worst, strongly opposed to the deal.
The merger deal between NYSE Euronext and Deutsche Boerse, creating the world's largest exchange operator, is likely to have multiple levels of cultural challenges, Rodgin Cohen, senior chairman Sullivan & Cromwell, told CNBC on Tuesday.
"DRJ" reveals which consumer goods name is seeing very aggressive call buying on Tuesday.
Stocks continued to trade off multi-year highs after a slew of economic news, including a weak reading on December retail sales. Exxon and DuPont fell, while JPMorgan rose.
Stock index futures fell ahead of the open on Tuesday after the government reported retail sales results that were slightly lower than expected, and a surge in import prices.
Stocks ended narrowly mixed, which is how the market traded much of the session, amid light volume and little economic news. Wal-Mart fell, while Exxon Mobil rose.
Stocks turned positive in the final minutes of trading after moving in a narrow range amid very light volume for most of a session lacking in much economic news.
Stocks continued to trade narrowly mixed amid a session lacking much economic news and following a second straight week of solid gains as the markets considered what's next for the Middle East. Wal-Mart and Verizon fell, while Alcoa rose.
Stock index futures pointed to a flat open for Wall Street on Monday as President Barack Obama prepares to present his 2012 budget plan to Congress and following two weeks of straight gains.
The rolling real estate crash that ravaged Florida and the Southwest is delivering a new wave of distress to communities once thought to be immune — economically diversified cities where the boom was relatively restrained, the New York Times reports.
Stocks ended higher Friday after Egyptian President Hosni Mubarak resigned in response to demonstrations against his rule, helping lift investor sentiment and uncertainties surrounding the country.
Stocks were poised to close the session higher Friday after Egyptian President Hosni Mubarak resigned in response to demonstrations against his rule, helping lift investor sentiment and uncertainties surrounding the country.
After appearing on "The Strategy Session" on Friday, Amy Butte, founder and CEO of TILE Financial and former CFO of the New York Stock Exchange, continued the discussion off-air with Gary Kaminsky, about how the advance consolidation talks between NYSE Euronext and Deutsche Boerse could affect other exchanges.
The death of August Busch IV's companion has provided fodder for those who see him as someone whose money and influence have protected him, the New York Times reports.
'This thing could go above $40 dollars pretty easily. But everybody's going to have to see how they feel about the certainty of the deal getting done, and the regulators are going to play into it," Amy Butte, founder and CEO of TILE Financial and former CFO of NYSE.
Stocks gained Friday, paring earlier losses, after news that Egyptian President Hosni Mubarak waived his rights to presidency in response to demonstrations against his rule.
Stock index futures pointed to a lower open Friday after the U.S. trade gap widened in December and jitters over Egypt continued.
March 11- A former analyst for hedge fund Two Sigma Investments LLC was indicted in New York on Tuesday on state charges he stole information about the fund's confidential computer trading models.
BOSTON, March 11- Steven A. Cohen, whose hedge fund SAC Capital Advisors pleaded guilty to insider trading, is changing the name of his firm to Point72 Asset Management as it shifts focus to managing his own assets from serving as a hedge fund for wealthy investors following an agreement with the U.S. government.
NEW YORK, March 10- More client-hungry hedge fund managers are looking to put their investment strategies to work in exchange-traded funds, a move that could exponentially expand their pool of investors but requires them to slash investment management fees.