Fast-growing Stone Ridge Asset Management has poached execs from Credit Suisse, BNP Paribas and Morgan Stanley in recent weeks.» Read More
Google CEO Dumping a Third of a Billion Dollars in Shares [Wall Street Journal] "Eric Schmidt, who is stepping aside as Google Inc.'s chief executive, has filed paperwork to sell company shares currently worth $335 million this year, his first such sale in more than three years. The sale will represent a 6% drop in Mr. Schmidt's Google stake, and comes as the Internet giant said co-founder Larry Page will replace Mr. Schmidt as CEO in April. Mr. Schmidt will become executive chairman." (Dude, if I were liquid to nine figures I would do absolutely nothing with the rest of my life: You'd have to drag me over an XBox and a duvet encrusted with discarded lobster tail shells just to get me out of bed.)
"Obama Adds to Emphasis on Business with Adviser Choice" [NY Times] "President Obama, sending another strong signal that he intends to make his White House more business-friendly, traveled to this industrial city on Friday to appoint a prominent corporate executive as his chief outside economic adviser, and to spotlight his efforts on job creation, in advance of next week’s State of the Union address." How much good will do you think it will buy him?
If you were forced to choose a single word in which to encapsulate the collective obsessions of China's ruling elite you could do worse than to pick this one: Stability. And so data suggesting spiking prices of Chinese foodstuffs may stoke the regimes fears of their bête noire.
Retailer Coach seeing two of its design executives split at the seams and leave for New York & Company .
The latest to jump ship: Coach's Executive Vice President Of Design David Witkewicz.
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.
"Fast Money" traders discussed how to trade American Express earnings and whether any of its rivals might be a better play.
Eric Mindich's Eton Park hedge fund was up big in the first quarter thanks to winning bets in Europe and Asia.
Bank lenders are curbing the amount of money they supply to energy companies amid an ongoing swoon in crude oil.