Goldman Sachs could spin off at least part of its proprietary trading operations as early as this month to comply with new rules that limit Wall Street firms from betting their own money in financial markets, according to people familiar with the matter.
Many "yield-starved investors" are putting their money to work in the "wrong areas." This is not the time to be "venturing in and buying yield investments, that was last year—that game’s over," Shelley Bergman said.
A top executive of Research In Motion, the Canadian company that makes BlackBerry smartphones, said on Tuesday that his company would not give in to pressure from foreign governments to provide access to its customers’ messages.
One real estate expert thinks federal subsidies for first-time homebuyers could help jumpstart the housing market.
Facing pressure from critics of Wall Street to limit its role in elections, Goldman Sachs has pledged not to spend any of its vast corporate reserves on political advertising. The NYT reports.
We think there are meaningful differences between the US today and Japan during the '90s. High on our list is the difference in wages. A straight forward construct of inflation reveals employee earnings are a primary driver. During the early part of the 1990s wages in Japan were averaging around 2.0%.
Treasury Secretary Timothy Geithner says the Obama administration will move quickly to implement new financial regulations while eliminating those that are outdated.
The case of who really owns the 840-pound Bahia emerald is headed to trial in September after a judge rejected a motion to dismiss a Northern California man's ownership claim.
The paltry fines paid by Citi and two of its executives should be a reminder to investors and creditors that lying pays.
Dueling pieces of legislation, both of which were introduced in Congress in July, address the issue of whether to close the loophole that allows online shoppers in most states to avoid paying sales tax.
As the markets and businesses delve into the recent major pieces of legislation, they find the bills contained onerous provisions that mandate non-economic activity and increases in costs.
It sure was when it came to the integrated oil names. Exxon Mobil stock had become a whipping boy for "closet-indexing" money managers, who fretted about having exposure to the space, and risk arbitrageurs, who were selling (XOM) on fears it might buy BP.
See what's happening, who's talking and what will be making headlines on Friday's Squawk on the Street.
Southwest Airlines reported record revenue and earnings growth Thursday and all signs point to continued growth for the low-cost airline, Gary Kelly, chairman and CEO said on CNBC Thursday.
To rebuild BP's , advertising experts recommended that the company look beyond traditional media and take steps to build a relationship with the public through social media.
With financial regulatory reform now law, the 'Fast' desk discusses how it will affect the credit card company's bottom line in the future.
"What the law did was force the banks to rethink their business lines, their pricing strategies, their methodology for maintaining their balance sheet," banking analyst Dick Bove . "When they rethink it all, they will be able to offset all of the costs of this bill."
As the battle over toughened financial restrictions moves to a new front, the regulatory agencies that will create hundreds of new rules for the nation’s banks will face a lobbying blitz from companies intent on softening the blow. And many of the lobbyists the regulators hear from will be their former colleagues. The NYT reports.
The oil is clearing much faster than expected, but concern remains over the unseen effects. The NYT reports.
As BP transitions to a new CEO, the company is also subtly transitioning to a new, more aggressive strategy when it comes to its liabilities for the Gulf oil spill.