The Fast Money traders share their final trades of the day.» Read More
When Hiroki Takeuchi joined McKinsey & Company in 2008, he had a front-row seat to the upheaval in finance. After the collapse of Lehman Brothers, Mr. Takeuchi, a 26-year-old Oxford graduate, worked with some of the world’s biggest banks trying to figure out how to adjust to new regulations and a changed market. Then he quit, the New York Times reports.
With Facebook’s stock off by more than half since its May IPO, CEO Mark Zuckerberg is under pressure to show that he’s getting the business back on track for accelerating growth.
Yahoo shares rose after hours on better-than-expected results—earnings of 35 cents per share on revenue of $1.09 billion. But far more interesting than those numbers were Marissa Mayer’s comments in her first earnings call since taking the helm of the company three months ago. She came out of the gate strong, saying “this job is tailor made for me. The core components of Yahoo’s business—search, mail, ads, mobile, news and the homepage—are also the core I built my career upon.” Mayer said her goal is to “help redefine one of the Internet’s most beloved companies,” and went into some detail about how she plans to do that.
Take a look at some of Monday's midday movers:
Still searching for a Halloween costume? A sexy spin on Big Bird is a hot seller, or check out a million-dollar idea that will have you bouncing up and down.
The upcoming elections and the impending “fiscal cliff” have hedge funds more on edge than any other issue, according to a survey by Macro Risk Advisors.
It was an enticing tease, a resignation letter published in the Op-Ed pages of the New York Times. In it Greg Smith told the world why he was leaving Goldman Sachs breaking one of the most sacred rules and parting the curtains to give the public a look inside the legendary investment bank.
As more shoppers shift their spending online, FedEx is expecting to see a record volume of shipments over the holiday season.
Many hotels with unique amenities and specialty products offer them for sale in an effort to build loyalty and increase revenue. Are hotels turning into luxury home goods stores?
Dubai’s recovery is happening, at least that’s what stakeholders and data points are showing. And yet, for some an overreliance on Dubai before the crisis means that if one lesson has been learned, it’s that more geographical diversity is key.
The gap in the amount women and men save for retirement in the U.K. has reached a record high, according to the latest Women and Pensions report from investment firm Scottish Widows.
A radical new design of Microsoft’s flagship operating system is likely to cause some head-scratching when Windows 8 goes on sale this Friday. The New York Times reports.
Six items that have consumers buzzing in the world of beer, wine and spirits as we head into the weekend, including Guinness' new ale, James Bond beer, and more trouble for Europe.
The developed world took on too much debt during the good times and is now trying to shrink its balance sheet. If you look at the data, however, very little of this deleveraging has actually taken place.
After a bumper crop of pumpkin-flavored products this fall, it looks like it’s time to bring out the gingerbread and mint at restaurant chains even though trick-or-treaters have yet to ring the doorbell.
Fund managers believe investors are far too optimistic that warring Washington factions can prevent the US economy from going over the cliff—at least temporarily.
Take a look at some of Friday's midday movers:
It’s hard to imagine, given that the nation’s housing market is still digging itself out of an epic foreclosure crisis, that there just are not enough homes available to buy. But, that may be the case.