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Oppenheimer Holdings Inc

  • Markets brace for Big Oil profit plunge Friday, 30 Jan 2015 | 6:15 AM ET

    NEW YORK— It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a strong earnings season into a weak one. BP told workers Monday that it would freeze pay for 2015. On Friday, Chevron posted a 30 percent decline in fourth-quarter profit, a day after Royal Dutch Shell reported a 57 percent...

  • Jan 28- Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. "We had to increase our cell widths and chart heights after Apple's blow-out December-quarter print," RBC Capital Markets analysts...

  • Jan 28- Apple Inc's blockbuster results and a ballooning cash pile may prompt the company to boost share buybacks and dividends this year, with some analysts expecting the iPhone maker to return more than $200 billion to investors. Apple sold a record 74.5 million iPhones in the quarter and reported a 70 percent surge in China sales. "We had to increase our cell...

  • WASHINGTON— Oppenheimer& Co. is paying $20 million in civil settlements with U.S. regulators who accused the investment firm of improper sales of penny stocks and inadequate controls against money laundering. The investment firm agreed to pay $10 million and is admitting wrongdoing in its settlement with the Securities and Exchange Commission announced...

  • As part of the settlement, the SEC said Oppenheimer is admitting to wrongdoing and will be required to hire an independent consultant to review its policies over a five-year period. It said Oppenheimer aided and abetted illegal activity by Gibraltar Global Securities, a Bahamas- based brokerage firm that the SEC sued last year. The SEC said Gibraltar was not...

  • WASHINGTON, Jan 27- Oppenheimer& Co will pay $20 million to settle two U.S. government cases stemming from allegations the firm improperly sold penny stocks and ignored red flags. The Securities and Exchange Commission said Oppenheimer will pay $10 million to settle the case with the agency, plus another $10 million to settle parallel charges with the Treasury...

  • NEW YORK, Oct 23- U.S. options market operators have agreed in recent months on the need for new automatic trading halts when stock options prices suddenly surge or plunge, in a bid to reduce excess volatility and blunt the impact of erroneous trades, according to five sources with knowledge of their discussions. There are currently 12 options markets in the...

  • NEW YORK, Oct 17- Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. Sources familiar with the matter inside Goldman Sachs described the restraint as a sign of the shifting mentality about bonuses at the bank: it wants to tightly control compensation, even if it has good quarters with big revenue gains.

  • NEW YORK, Oct 17- Top Goldman Sachs Group Inc executives are determined to keep compensation costs under control. Sources familiar with the matter inside Goldman Sachs described the restraint as a sign of the shifting mentality about bonuses at the bank: it wants to tightly control compensation, even if it has good quarters with big revenue gains.

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in quarterly profit as last month's pickup in bond market activity helped to boost trading revenue, showing that banks sticking with the notoriously volatile business can reap big rewards. But that has left Goldman and a few other banks, including JPMorgan Chase& Co, to pick up clients and take advantage of...

  • Oct 16- Goldman Sachs Group Inc reported a 50 percent jump in third-quarter net profit on Thursday as last month's sudden pickup in bond market activity helped to boost trading revenue. Net income attributable to common shareholders rose to $2.14 billion, or $4.57 per share, from $1.43 billion, or $2.88 per share, a year earlier. Revenue from bond-trading, a...

  • Oct 14- JPMorgan Chase& Co reported lower-than-estimated third-quarter profit on Tuesday as unexpected legal expenses of $1 billion caught analysts off guard and offset strength in its capital markets and lending businesses. JPMorgan, the biggest U.S. bank, also reported higher-than-expected operating costs, with compensation, technology and marketing...

  • Oct 14- Skyworks Solutions Inc, a supplier of radio frequency chips to companies such as Apple Inc, estimated fourth-quarter adjusted profit and revenue above its forecast, sending its shares up as much as 12.5 percent. Skyworks, whose chips connect smartphones and tablets to a telecom network, has been benefiting from higher demand from handset makers,...

  • Oct 9- Morgan Stanley is embracing the financial reforms intended to curb its animal spirits to generate bigger profits. Unlike most of its rivals, Morgan Stanley has been building its private equity business using structures that are subject to the Volcker rule, which restricts the amount of money a bank and its employees can contribute to such funds.

  • China 'most durable growth story': Fund pro Thursday, 19 Jun 2014 | 2:00 PM ET
    A Prada store in Beijing.

    China is still the best investment opportunity globally, according to a prominent developing markets mutual fund manager.

  • Who's putting cash back into unpredictable markets Thursday, 12 Jun 2014 | 11:33 PM ET

    The day has been long for Justin M. Leverenz, who runs America's largest emerging markets mutual fund at Oppenheimer Funds.

  • For Meredith Whitney fund, backers hard to come by Thursday, 14 Nov 2013 | 7:42 AM ET
    Meredith Whitney

    Meredith Whitney is hoping to apply her financial advisory skills to hedge funds, but it's not clear if investors will buy in.

  • Why Friday's jobs number is make or break Wednesday, 4 Sep 2013 | 9:19 PM ET
    A quality control worker at the Mary Kay Inc. regional distribution facility in Dallas, Texas.

    The Friday jobs report is seen by some traders as make or break for the Fed's decision later this month on whether to taper back its $85 billion monthly bond purchases.

  • Another scary report: Plunging durable goods Monday, 26 Aug 2013 | 4:38 PM ET

    A bigger-than-expected drop in durable goods orders sparked new worries about manufacturing, causing speculation the Fed may reduce its tapering plan.

  • The secret sign that Apple’s a buy Monday, 22 Jul 2013 | 1:08 PM ET

    Forget about iPhone sales, because there's a much more important indicator of where Apple will go. And right now, it's flashing a serious buy signal.