Two court cases in Colorado say employers can fire workers for using medicinal marijuana off the job, but it could take years to settle the law.» Read More
Ten international banks, including HSBC and Standard Chartered, have been punished by China’s foreign exchange regulator for breaching strict capital controls, the FT reported.
The Australian Branch of Citigroup, the world's largest financial institution, was cleared Thursday of insider trading and conflict of interest charges brought by the country's competition watchdog.
Citigroup is in advanced talks to buy Automated Trading Desk, an electronic trading firm, for about $700 million, The Wall Street Journal Online reported on Tuesday.
The cell phone does it all: You can take pictures, send emails, play music and watch TV. Now, you can add banking to that list. That's because some of the largest U.S. banks -- Bank of America, Citibank, Wachovia, Washington Mutual, Wells Fargo, and ING Direct – are launching mobile banking services that give you access to your accounts wherever you are.
Stocks ended the week lower as investors were rattled by rising energy prices and worries about the potential fallout from two struggling mortgage securities funds managed by Bear Stearns.
Earlier this week, we told the tale of your Breaking News producer (yours truly) nearly being run over by the “Hucky Express” -- as pharmaceuticals reporter Mike Huckman raced over with breaking news. Thursday, it was the ”Faber Flyer” that nearly knocked me over -- as David Faber found out that CNBC's parent company General Electric had dropped out of any potential bids for Dow Jones. ... Also: CNBC's Charlie Gasparino scores the second scoop.
In researching and conducting interviews on the REIT story I’m doing today in TV land, I’m struck by the vast disconnect between how well commercial real estate is actually doing and the expectations for REIT returns this year. “We don’t see REITs getting to a new high this year- I think they’re probably going to test some new lows. And they could sit at discounts to their underlying asset values," says Citigroup REIT analyst Michael Bilerman.
Kohlberg Kravis Roberts may soon follow Blackstone Group in launching an intitial public offering, CNBC's Charlie Gasparino reported. The buyout firm has hired Morgan Stanley and Citigroup as possible underwriters for the IPO. “They’re leaning that way,” Gasparino said. “Everybody is watching the Blackstone IPO. If this goes, you’ll see a bunch of other firms jump in.”
Asset manager Nuveen Investments, the industry's biggest manager of closed-end mutual funds, has agreed to a $5.75 billion buyout by an investor group led by private equity firm Madison Dearborn Partners LLC, the companies said on Wednesday.
Citigroup is keen on selling 80% of its business process outsourcing (BPO) arm in India for $700-$750 million, the Mint said on Tuesday, on the heels of Blackstone's acquisition of a back-office firm.
The Supreme Court handed Wall Street underwriters a major victory Monday by ruling that an antitrust lawsuit against them over the pricing of initial public stock offerings (IPOs) cannot go forward.
There are ways to play the stock market when interest rates are rising, analysts say, but investors should proceed with caution. "The market doesn't normally do well with rising interest rates, so a more defensive posture is in order," Bruce Bittles, chief investment strategist at Robert W. Baird, told CNBC.com."
Citigroup Chairman Sandy Weill told our Mary Thompson this week that people should start giving their money away even before they have a lot of it. Ok, that's a great idea, though it's a bit easy for him to say. Weill and his wife have generously donated $250 million to Weill Cornell Medical College, and he feels passionate about it. Now we have the scientific proof behind that passion.
Hi again, everyone. I've been remiss in not getting your comments on the blog with some of my responses, but yesterday's post about Apple shares brought an unusually high response. Both in the blog, and on my company email. In the media business, we have a term for the Mac (now iPod) faithful when we write or report some less-than-flattering comments and angles to the Apple story. We call it, "getting flamed."
There may be a few party-planners at Google looking for work this morning. By now, you've heard the story, I'm sure, but for scene-setting purposes, here's the rub: eBay prepares to host its massive "eBay Live!" event in Boston this week, with 10,000 of the company's most rabid users getting together to celebrate their online lives and businesses. It's no secret that some eBayers continue to be upset about fees their paying the company and eBay's regular fee hikes.
Blackstone Group's much-awaited initial public offering is set for the week of June 25, underwriters said.
Sandy Weill, former Citigroup chairman, told CNBC that philanthropy isn’t just about money.In an interview with CNBC's Mary Thompson, Weill said giving is about your talent and passion. He urged others to start giving when they’re young and before they have money. He said it’s important to give of your intelligence, energy and passion.
You gotta hand it to ThinkEquity Partners' Apple analyst Jonathan Hoopes who broke from the Street pack and, (the horror!), downgraded Apple Inc. today. Downgraded? Apple? That's like oil and water! Paris and freedom! The last time Apple was downgraded? Citigroup, on April 26th, when Apple was trading at around $90 a share. Those poor Citigroup clients missed another 33% to the upside since that downgrade was published.
Four international banks were indicted in Milan Wednesday on charges related to the 2003 failure of the Parmalat dairy empire, Europe's largest corporate bankruptcy.
Swiss bank UBS agreed to pay Enron creditors $115 million in cash to settle a lawsuit related to equity transactions, the successor to the bankrupt energy trader said on Wednesday.