Jesse Bergman
CNBC Producer
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A new trading platform uses social media to help retail investors look for trading signals.
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The theory behind a new product launched by Merrill Edge, dubbed "Face Retirement," produces a digitally aged image of the potential retiree, along with the cost of living around retirement age.
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Following Citigroup's announcement that it would cut 11,000 jobs and restructure its businesses, the bank's CFO said the move was a "fairly comprehensive initial foray" into its new strategy.
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Massachusetts officials say they have unearthed violations committed by Citigroup’s research department surrounding Facebook’s IPO and its coverage of Google — the results of which have cost two Citi analysts their jobs.
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On Monday, Facebook staffers have the opportunity to unwind their stake in the social media giant.
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While Facebook, its board, its IPO underwriters (which include Morgan Stanley, Goldman Sachs, and JPMorgan), and Nasdaq may be eager to forget about the social network’s much-maligned May debut, the group was reminded today that disgruntled investors will not let the issue die anytime soon.
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Officials from the Department of Justice along with representatives from other government agencies met with Former MF Global CEO Jon Corzine last week, according to people familiar with the matter, marking a potentially critical development in the government’s investigation into the failed firm and its subsequent misuse of customer funds.
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After a series of potentially devastating events befell Knight Capital Group, the market-making titan finally got a piece of good news on Friday: two key brokerage partners were back online.
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Some of the nation’s largest brokerage firms have stopped doing business with Knight Capital Group, removing a critical lifeline for the market-maker as it struggles to contain the fallout from a $400 million trading mistake.
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In the wake of Facebook’s botched initial public offering and subsequent stock decline, pressure is building for CEO Mark Zuckerberg to post solid results when the social giant reports second quarter earnings on Thursday.