The new boss of the New York Stock Exchange talks about the future of the trading floor.» Read More
Rob Mawhinney desperately wanted to become a rockstar. Instead, he found fame when he pleaded guilty to money laundering and loan fraud.
BOSTON/ WASHINGTON Dec 3- Are proxy advisory firms giving mutual funds too much help with their homework? That question is due for airing at a event in Washington on Thursday focused on the role of proxy advisers like Institutional Shareholder Services and Glass, Lewis& Co. that help funds decide how to vote at corporate annual meetings.
*Qualcomm falls after results, outlook. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The European Central Bank's decision to cut interest rates helped offset some of the negativity, however, said Randy Frederick, managing director of active trading and derivatives at Charles Schwab in Austin, Texas.
The government paid $11.3m in farm subsidies to 50 billionaires or businesses in which they have some form of ownership. The New York Times reports.
IntercontinentalExchange CEO Jeff Sprecher: NYSE deal with likely close in a few days. He also spoke on market structure.
The Fed will continue with $85 billion monthly securities purchases but spooked markets by not mentioning its financial concerns cited in September.
*IBM climbs on buyback announcement and lifts Dow. NEW YORK, Oct 29- The Dow and S&P 500 ended at record highs on Tuesday after economic data supported views that the Federal Reserve would keep its stimulus intact for several months and IBM rallied after the company announced a stock buyback. IBM gave the biggest boost to the Dow, which led the day's gains.
*IBM climbs on buyback, dividend announcement. *Apple down a day after reporting results; JPMorgan shares slip. NEW YORK, Oct 29- U.S. stocks rose on Monday, extending the S&P 500' s string of record highs, as economic data supported views the Federal Reserve will keep its stimulus intact for several months and IBM gained after it announced a buyback.
*Forecasts FY 2014 EPS $1.20- $1.40 vs est. Oct 29- TD Ameritrade Holding Corp, the biggest U.S. discount brokerage by client-trading volume, reported a 40 percent jump in its fiscal fourth-quarter net income that just beat analysts' estimates as both trading commissions and product fees soared.
Oct 29- TD Ameritrade Holding Corp, the biggest U.S. discount brokerage by client-trading volume, reported a 40 percent jump in fourth-quarter net profit that slightly beat analysts' estimates as client trading and commission fees soared.
NEW YORK, Oct 23- If you're waiting until Thanksgiving kicks off the season of goodwill, stop waiting. Foodbanks and other nonprofits that focus on helping the poor "are overwhelmed with demand" says Stacy Palmer, editor of the Chronicle of Philanthropy.
It's never too late or too early to think about diversifying. Introducing CNBC's Model ETF Retirement Portfolios: one for a 70-year-old, one for a 50-year-old and one for a 30-year-old.
NEW YORK, Oct 16- Clients gave their brokers and bankers at Merrill Lynch Wealth Management and U.S. Trust more money to manage in the third quarter, but revenue at the main wealth businesses of Bank of America Corp fell from the second quarter on reduced trading activity and seasonal lassitude, the bank said Wednesday.
There's a lesson for companies in Apple's hire of Burberry CEO Angela Ahrendts: Your outfit may not really match its true image with the public.
Oct 15- Charles Schwab Corp, a U.S. discount broker, posted its highest quarterly profit since the financial crisis on Tuesday as the rising U.S. stock market fueled more customer trading. Schwab's third-quarter revenue of $1.37 billion was its best since the height of the Internet bubble more than a decade ago.
Oct 15- Charles Schwab Corp said on Tuesday that it expected revenue to rise 3 percent to 5 percent faster than expenses in 2014, a sign that the retail brokerage giant is taming costs and continues to collect assets from clients at a strong pace.
Oct 15- Charles Schwab Corp said Tuesday that it expects revenue to grow 3 percent to 5 percent faster than expenses in 2014, reversing a higher-than-expected jump in costs in the first half of the year.
NEW YORK, Oct 4- U.S. stocks are likely to face another week of rising turbulence as efforts to settle the budget dispute in Washington drag on, leaving investors worried about the more critical issue of raising the U.S. debt ceiling.
NEW YORK, Oct 3- U.S. stocks dropped on Thursday as investors worried that a budget stalemate in Congress would become entangled with much more critical legislation to raise the federal borrowing limit.
Wall Street briefly extended its losses and the dollar dropped on reports that gunshots were fired at the U.S. Capitol, but the moves were reversed after news that the shots were fired outside the building. Treasury Secretary Jack Lew has said the United States will exhaust its $16.7 trillion borrowing authority no later than Oct. 17.