CalPERS' move to divest itself of $4 billion in hedge fund holdings is galvanizing a debate among many other pension managers.» Read More
The beautifully designed new headquarters of Goldman Sachs was full of the sound of grumbling and a few slamming doors yesterday as staff got the news about their annual bonuses.
Bonuses were far lower than last year for many staffers.
While it may break the football hearts of hometown fans at the market exchanges in Chicago and New York, history shows that investors will be better off if the Pittsburgh Steelers and Green Bay Packers play in the Super Bowl.
Sorry, Bears and Jets fans, but in the combined 11 NFL championship games in which either the Steelers \(6-1\) or Packers \(3-1\) have played, the Standard & Poor’s 500 has never turned in a losing year.
Brian Moynihan looked and sounded confident this morning as he closed out his first year as President and CEO of Bank of America.
To put it simply and bluntly, Dodd-Frank & Basel III have components that are logically contradictory.
If you’ve been a follower of David Rosenberg’s over the years and think there is absolutely nothing that would turn him bullish, think again.
JPMorgan is shaking up its mergers and acquisitions business.
Jimmy Elliott, who has been running JPMorgan’s M&A unit for more than five years, will step aside. The M&A business will be run by JPMorgan’s Chris Ventresca and Jim Woolery, currently the head of the corporate department at Cravath, Swain & Moore.
Elliott will remain at the firm as relationship guy, brought in to work with the most important clients and the biggest deals.
But responsibility for day to day operations and staffing will rest with Ventresca and Woolery.
It's been a big week in Washington since Chinese President Hu Jintao arrived. Congressional members have not been afraid to speak their minds when it comes to China's economic, monetary and domestic policies.
But there is a another storm brewing that could impact many companies—the patent race.
While many have painted China as a land where pirating is king, the country is reinventing itself from a country of imitation to a country of innovation. I decided to talk about the innovation race and the fatal mistakes companies can make when it comes to China with Lewis Lee, IP attorney to US patent powerhouses like Microsoft on the dangers of under-estimating the Middle Kingdom.
Bank of America Reports 2nd Straight Quarterly Loss on Mortgage Writedowns [CNBC] "In the fourth quarter, the bank recognized a $2 billion writedown in value of its mortgage business, and a $4.1 billion provision for future mortgage repurchase claims."
State Bankruptcy Options Discussed in Congress [NY Times] "Policy makers are working behind the scenes to come up with a way to let states declare bankruptcy and get out from under crushing debts, including the pensions they have promised to retired public workers. Unlike cities, the states are barred from seeking protection in federal bankruptcy court. Any effort to change that status would have to clear high constitutional hurdles because the states are considered sovereign."
CNBC's Patti Domm and Jeff Cox discuss the jobs report and the current dilemma of long-term unemployment.
CNBC's Patti Domm and Jeff Cox discuss the recent GDP numbers and what factors have been affecting it.
Investors give and investors take away, and nowhere has that been more true lately than in value stocks.
CalPERS' move to divest itself of $4 billion in hedge fund holdings is galvanizing a debate among many other pension managers.
Traders are eyeing Alibaba and Scotland's independence vote, but analysts said the Fed's dovishness statement could be more important.
Bonds sold off after traders read the Fed's new rate forecasts as slightly more aggressive, but Yellen's comments drove stocks up.