Warren Buffett unapologetically defended Clayton Homes on Saturday from accusations of predatory lending.» Read More
April 20- Wall Street investment bank Morgan Stanley reported a much stronger-than-expected rise in quarterly profit, boosted by higher revenue from trading bonds and equities. Adjusted revenue from equities sales and trading rose 33 percent to $2.27 billion, meaning that Morgan Stanley lost its lead in the business over Goldman Sachs Group Inc, which...
LONDON, April 17- Worldwide dealmaking in the technology, media and telecoms sectors is at its highest level year-to-date since 2006, buoyed by Nokia's 15.6 billon euro bid for Alcatel-Lucent this week, Thomson Reuters data shows. So far this year, deals worth $245.8 billion have been struck globally in TMT, accounting for a combined 23 percent of worldwide M&A...
Eric Wasserstrom, Guggenheim Partners, breaks down the areas where banks are improving profits, and provides his outlook on financials for the next several quarters.
The turnaround in big banks is going on as expected, says Gerard Cassidy, RBC Capital Markets, breaking down Citigroup's quarterly results.
Marty Mosby, Vining Sparks, breaks down Goldman Sachs' quarterly numbers.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's business strategy. The whole world economy is shifting now, say Schwarzman.
Steve Schwarzman, Blackstone chairman & CEO, weighs in on Blackstone's acquisition of General Electric's real estate assets.
Steve Schwarzman, Blackstone chairman & CEO, discusses the company's quarterly results. When we buy something, we buy them to improve them, says Schwarzman.
Larry Fink, BlackRock chairman & CEO, weighs in on fixed income investing.
Larry Fink, BlackRock chairman & CEO, highlights the need for a long-term tax policy.
Larry Fink, BlackRock chairman & CEO, explains why companies need to focus on a long-term strategy.
Larry Fink, BlackRock chairman & CEO, explains why he is optimist about European equities, thinks the U.S. dollar is too expensive, and shares his thoughts on stock buybacks.
Larry Fink, BlackRock chairman & CEO, shares his thoughts on where oil prices are likely headed.
Larry Fink, BlackRock chairman & CEO, shares his thoughts on how low interest rates are driving investors to stocks.
Larry Fink, BlackRock chairman & CEO, discusses the company's quarterly results and the impact of low interest rates on clients.
*Euro on retreat over Greece, fall in German yields. It faces new headwinds from signs that China, the main market for much of its output, is also slowing significantly. "Despite a slowing China and depressed iron ore prices the Aussie remains reluctant to head lower for now," said Angus Campbell, Senior Analyst at online brokerage Fx Pro in London.
Banks with major trading desks appear poised for positive Q1 results as JPMorgan beats Wall Street's expectations.
April 14- JPMorgan Chase& Co, the biggest U.S. bank by assets, reported a 12.2 percent rise in quarterly profit as revenue from fixed-income trading rebounded. JPMorgan shares rose about 2 percent to $63.15 in premarket trading on Tuesday. JPMorgan's investment bank is the biggest in the world by revenue and ranks at or near the top in market share in almost all of...
Deals this week, the busiest so far this year, were worth $140 billion, lifting year-to-date M&A activity to almost $1 trillion, according to Thomson Reuters data. It worked for Mylan on its offer for Perrigo, BG Group in its takeover by Shell, TNT Express in its $4.3 billion bid from Fedex and Permira Advisers and the Canada Pension Plan Investment Board in its...
April 9- Jefferies Group LLC said it will sell most of its Bache unit's commodities and financial derivatives accounts to Societe Generale, ending the investment bank's four-year foray into the competitive brokerage business. Societe Generale's shares were slightly up at 46.54 euros in Paris. Last year, ICAP closed its metals business last year, while...