JPMorgan CEO Jamie Dimon has likely joined the 10-figure club.» Read More
In a partial verdict decision, a U.S. jury found former brokers and day-trading executives not guilty on most of the counts they faced in a trial over improper use of information broadcast over brokers' internal " squawk box" systems.
Citigroup's management upheaval is showing no signs of abating. The latest twist comes in the aftermath of the company's recent purchase of Old Lane Capital, run by former Morgan Stanley executive Vikram Pandit.
Joseph Keating, chief investment officer at First American Asset Management, told CNBC’s “Squawk on the Street” that dividend stocks are a good bet in retirement.
Shares in Rio Tinto retreated as much as 4% on Thursday, a day after surging to a record onspeculation BHP Billiton may make a $100 billion-plus takeover bid.
Shares in mining group Rio Tinto surged on Wednesday on talk that bigger rival BHP Billiton was planning a bid which would create the world's fifth biggest company, although Rio denied it had been approached.
They are the highest paid members of society. No, not the New York Yankees. We’re talking about America’s CEO’s. But while their compensations have soared, their tenures are shrinking. The Wall Street Journal's Alan Murray reveals who is likely to get the axe, next.
It's certainly coming down to the wire in Trading With The Stars. As we said, this is the last week for this part of the Million Dollar Portfolio Challenge. And Jonathan Tucker stays on top with a total portfolio value of $1,204,305.00 which is up $5,905.00 from Friday's total. Stephen Collins continues in the #2 spot with a total portfolio value of $1,166,355.20. That's up $6,348.18 from Friday's total and Stephen continues to close the gap with Jonathan Tucker.
The actors have been doing pretty well lately in Trading With The Stars, but the non-acting celebs are making a move--including Johnny Bench (so, his picture gets posted). Jonathan Tucker still holds first place on modest gains in Washington Grp and Starwood Hotels. Stephen Collins takes back 2nd place on gains in Emergency Medical Services up 10.13% Thursday. But poker champ Chris Moneymaker moves from 8th to 5th on a 2.73% gain in Gigamedia..
The first four celebs remain the same in Trading With The Stars--and all actors. Actor Jonathan Tucker maintains his vice grip on first place with gains in Starwood Hotels and Washington Grp. Actor James Cromwell holds onto second place, as fellow actors Stephen Collins remains in 3rd and Ernie Hudson in 4th. Meanwhile--another actor--Willie Garson muscles his way from 9th to 5th on an all-in trade on ACME Packet up 4.05% on Wednesday. Wow--either actors are great stock pickers are they're ALL getting great advice. That leaves a financial guru, comedienne, champion poker player, political guru and Hall of Famer--in that order.
Citigroup said it agreed to buy Bisys Group for $1.45 billion, and then sell two of the financial services processor's units to private equity firm J.C. Flowers & Co.
Dennis Block, co-chair of the corporate M&A practice at Cadwalader, Wickersham & Taft, told CNBC’s “Closing Bell” that activist shareholders are unlikely to break up Citigroup. “It’s a wakeup call,” Block said Friday. “(Citigroup) has a very competent CEO who understands the need to get out there and explain why the business makes sense and how he’s going to grow it and how share price is going to be reflected by his activities.”
Executives at Citigroup say activist hedge funds may step up pressure to break up the company, the Financial Times reported.
Stocks are barely budging ahead of the open today as traders wade through a few earnings reports and look to personal income and spending data, construction spending and the Chicago purchasing managers reports. European markets are higher, while oil is trading slightly lower.
Citigroup executives are worried that hedge funds may pressure a breakup of the world’s biggest financial services company, the Financial Times reported.
As if traders are taking a collective sigh ahead of this morning's gross domestic product report, stock prices are languishing in lower territory after their recent run. Earnings news continues to power prices of some standouts, like Microsoft, which is rising after yesterday's strong report.
Citigroup says its takeover bid for Japan's Nikko Cordial has succeeded after Nikko shareholders tendered 61% of the brokerage's stock at a cost of $7.7 billion. Citibank offered to buy all Nikko shares at 1,700 yen and was seeking a minimum 50% stake.
New York Attorney General Andrew Cuomo announced Wednesday that two more student lenders have agreed to abide by a code of conduct designed to protect students from questionable college lending practices.
Stocks are set to move higher at the opening, with the Dow heading straight for the 13,000 mark. European shares are higher, as the rising euro closes in on its all-time high against the dollar. Overnight, Asian stocks were lower, with Tokyo stocks falling on worries about the U.S. consumer after yesterday's weak housing data and consumer confidence number. Japanese automakers' shares were dented in the selling.
Citigroup takeover target Nikko Cordial reported a 38% increase in quarterly net profit on Tuesday as a beneficial change in its tax status compensated for a decline in underlying earnings.
Citigroup, HSBC and two other foreign banks on Monday officially began offering local currency retail banking services to customers in mainland China, aiming to woo potential clients with better services than local lenders usually provide.