After a judge ruled that the city can proceed with its historic bankruptcy, the stage is set for an epic legal battle over who helps pick up the tab.» Read More
Despite high tax rates, states like New York and California remain alluring to the wealthy, topping the list of newly created multimillionaires.
BRASILIA/ SAO PAULO, Nov 27- Brazil's Supreme Court began reviewing a two-decade old case on savings-account interest payments on Wednesday that could cost banks almost a third of their market value if they lose and throw a wrench into Latin America's largest economy.
Nov 27- CVS Caremark Corp will buy drug infusion services provider Coram LLC for $2.1 billion, allowing the company to bolster its pharmacy benefits management business by offering cost-effective delivery of specialty drugs.
With dollars becoming scare in Venezuela, big U.S. banks are drumming up deals to boost its foreign reserves, according to a report.
Goldman Sachs' trade recommendations confirm the obvious: the firm is good –but maybe not as good as everyone thinks.
Nov 27- The U.S. Justice Department is probing Morgan Stanley for its hiring practices in China as part of an industry-wide investigation by the government into whether banks' employment of politically connected Chinese breached U.S. bribery laws, according to people familiar with the matter.
Hedge fund managers are riding their best stock ideas as long as possible and but overall returns continue to lag.
Nov 27- CVS Caremark Corp said on Wednesday it was buying Coram LLC, Apria Healthcare Group Inc's specialty infusion services and enteral nutrition business unit, for $2.1 billion.
Nov 27- A number of private equity investors are studying the possibility of making a bid for business software company Compuware Corp, the Financial Times reported on Wednesday. Firms such as Thoma Bravo and Vista Equity Partners have approached Compuware about taking the company private, the newspaper said, citing unnamed sources.
Happy Wednesday. Gobble gobble.
The U.S. Federal Reserve was pressing JPMorgan Chase & Co to distance itself from its metals warehousing business more than a year ago.
BRASILIA/ SAO PAULO, Nov 27- Brazil's Supreme Court on Wednesday begins reviewing a two-decade old case on savings accounts that could cost banks almost one-third of their market value and throw a wrench into Latin America's largest economy.
The fallout from the subprime mortgage crisis continues to plague U.S. banks, according to Standard and Poor's.
Federal Reserve was pressing JPMorgan Chase& Co to distance itself from its metals warehousing business more than a year ago, documents seen by Reuters show, long before the issue became a focal point in the debate over Wall Street's role in physical commodities trading.
Goldman Sachs is most bullish on Japanese and European equities in 2014, maintaining an overweight rating on both markets.
NEW YORK, Nov 26- Industrial conglomerate Danaher Corp and private equity firm Blackstone Group LP are pursuing a joint bid for chemicals manufacturer Ashland Inc's water technologies unit, two people familiar with the matter said on Tuesday, in a deal that could top $1.5 billion.
Bank of America Corp. rose$. 07 or. 4 percent, to $15.88. Citigroup Inc. fell$. 28 or. 5 percent, to $53.01. Goldman Sachs fell $1.44 or. 8 percent, to $168.04.
NEW YORK, Nov 26- Chemicals manufacturer Ashland Inc is in talks with at least eight private equity firms about selling its water technologies unit in a deal that could top $1.5 billion, according to people familiar with the matter.
NEW YORK, Nov 26- When U.S. broker MF Global came under pressure from lenders, trading partners and clients two years ago, one of the biggest claims for its funds came from LCH.Clearnet, a company not very well known outside financial markets.
Bank of America Corp. rose$. 08 or. 5 percent, to $15.89. Citigroup Inc. fell$. 24 or. 4 percent, to $53.06. Goldman Sachs fell$. 99 or. 6 percent, to $168.49.