2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.» Read More
JP Morgan Hires Cravath Lawyer To Run M&A. (Bloomberg) Bloomie is reporting that JP Morgan has just hired attorney James Woolery, a partner at Cravath, to head its M&A unit.
Schmidt Out of Google! [WSJ] "Google Inc. said co-founder Larry Page will replace Eric Schmidt as chief executive, a surprise change atop the Internet giant.
Mr. Page will take charge of day-to-day operations as CEO starting April 4. Mr. Schmidt will become executive chairman of the company, focusing externally on partnerships and government outreach.
Google Profits Surge [CNBC] "The online search and advertising giant turned in a profit of $8.75 a share excluding one-time items, up from $6.79 a share in the same period a year earlier. Sales rose to $6.4 billion in the last 3 months of 2010 excluding traffic-acquisition costs \(TAC\), against $4.954 billion last year."
In one of the first high-profile Wall Street defections of the year, Edward Glenn Hadden, former head of government-bond trading at Goldman Sachs, has been named Morgan Stanley’s new head of global rates trading, say people familiar with the matter.
Earlier today, The Securities and Exchange Commission passed new regulations regarding banks treatment of asset-backed securities . The regulation affects two principal aspects of disclosure: First, disclosures made during the initial sale of the asset-backed security; second, ongoing disclosure related to the risk exposures of existing securities.
The theory goes that small businesses are the center of job creation. So if they’re not getting their fair share of federal funds, how will they be able to solve the nation’s vexing unemployment problem?
Finally, someone gives it to us straight. An explanation of what high frequency trading is and how it caused the Flash Crash.
In the darkest days of the financial crisis, Goldman Sachs handed out billions of dollars of options and restricted stock to prized employees—most likely, senior partners at the firm.
Goldman disclosed the awards, which were made on December 17 of 2008, in January of the following year. Now the awards are receiving new attention, thanks to a report from Eric Dash and Susanne Craig, written on the back of research by Footnoted.com.
As expected, House Republicans passed a bill to repeal President Obama’s health care plan by a vote of 245 to 189. Republicans say this vote was a mandate of the American voter.
The bill now goes to the Senate but Majority Leader Harry Reid (D-Nev.) has promised that any attempt to roll back the law would be blocked. The topic of health care is one that not only polarizes politics, but Americans as well.
I decided to speak with Representative John Kline, \(R-MN\) Chairman of the Education and the Workforce Committee. This committee shares jurisdiction over health care reform specifically the employer-sponsored health care plans that cover approximately 170 million Americans. Cost and uncertainty surrounding the bill dominated our conversation.
The scandal-plagued head of health-care investment banking has resigned to focus on family.
2015 is shaping up as the year the U.S. consumer will have to shine the light for the rest of the world—or else.
Softer talk on Ukraine from Russian President Vladimir Putin may be an early sign of recovery, said Christopher Granville.