President Obama's attacks on Bain Capital is testing a bond formed by Bill Clinton, who showed that Democrats could be both populist and friendly to Wall Street, The New York Times reports.
Tuesday, 22 May 2012 | Posted By:
| Source: CNBC.com
Allowing high-frequency computer traders into the stock market is like letting “rats in the granary,” Warren Buffett’s right-hand man said in an exclusive CNBC interview.
Former Goldman Sachs board member Rajat Gupta's insider trading trial began on Monday with the government saying it would call a former top Goldman banker and a current board member as two of its first witnesses.
The European Union's antitrust chief on Monday offered Google a chance to settle an investigation into allegations of anti-competitive behaviour after the world's most popular search engine indicated its willingness to resolve the issue amicably.
The Securities and Exchange Commission has been getting tougher on insider trading on Wall Street, but its potential target may be too wide, The New York Times reports.
Facebook co-founder Eduardo Saverin, under fire over the tax consequences of renouncing his U.S. citizenship, said on Thursday he is obligated to and will pay "hundreds of millions of dollars in taxes to the United States government."
Thursday, 17 May 2012 | Posted By:
| Source: CNBC.com
Jim Rogers, the chairman of Rogers Holdings, says he expects more turmoil in the global financial markets after Asian stock markets on Friday fell close to four-month lows.
The market for equities has gone through numerous crises, bubbles and ups and downs, but when an initial public offering comes, it can create lots of excitement for investors and generate perhaps billions of dollars for the company.
Thursday, 17 May 2012 | Posted By:
| Source: CNBC.com
There’s been a lot of talk about Facebook’s valuation, but the real question behind that valuation, is how Facebook makes money and what its prospects are in the future.
Wednesday, 16 May 2012 | Posted By:
| Source: CNBC.com
Facebook has seen a frenzy of demand in the run-up to its initial public offering. On Monday, the company increased the price range for shares, and 24-hours later, said it would be upping the size of the deal by roughly 25 percent.
Tuesday, 15 May 2012 | Posted By:
| Source: CNBC.com
The Facebook CEO vocally and repeatedly condemned Aaron Sorkin and David Fincher’s film “The Social Network,” which portrayed him as a somewhat petulant, self-absorbed, shallow, and at times simply obnoxious prodigy. Despite all that, the film is actually helping his reputation dramatically, according to a new AP-CNBC poll.
Monday, 14 May 2012 | Posted By:
| Source: CNBC.com
“It sounds spectacular. However, this is the move that we have already seen twice over the last 80 years,” said Philippe Gijsels of BNP Paribas Fortis.
Claims by four of Wall Street's main market makers against Nasdaq over Facebook's botched IPO are likely to exceed $100 million, as they and other traders continue to deal with thousands of problems with customer orders.... Read More
Conflict-of-interest arguments are brewing about whether Morgan Stanley and other banks were allowed to make significant downward adjustments to Facebook's financial estimates during the deal's 9-day marketing period.... Read More
Citadel Securities is the latest firm to report “significant losses” from Facebook trades on behalf of clients, according to people familiar with the situation.... Read More