An update on the ongoing stock sales by Larry Ellison, Oracle's CEO, which began in late September and haven't let up since. He's now up to 30 million shares and counting since that first sale on Sept. 26, worth about $700 million so far.
Now that Citigroup’s Chuck Prince is gone, the Hall has a new king. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Jeff Bewkes, the incoming CEO of Time Warner, on Tuesday named John K. Martin to be chief financial officer beginning Jan. 1, the same time Bewkes himself will take command of the media conglomerate.
Time Warner confirmed a CNBC report that Dick Parsons is stepping down as CEO and will be replaced by Chief Operating Officer Jeff Bewkes.
Chuck Prince is out, but it's far from clear who will take over as CEO of Citigroup, the nation's largest bank. Sandy Weill told CNBC he's not interested in returning to run the company..
Citigroup's largest shareholder, Saudi Arabian Prince Alwaleed bin Talal, may want ousted Chief Executive Charles Prince to be replaced by former Citigroup CEO Sandy Weill, at least on an interim basis.
The analyst whose downgrade of Citigroup sparked a broad stock market sell-off on Thursday said she has received several death threats stemming from her research, the Times of London said.
Merrill Lynch's board of directors has alerted BlackRock chairman Larry Fink that he can take over as CEO if he so choses. Fink, according to sources close to the matter, has said he will take the next two weeks to decide.
Former American International Group chief executive and major stockholder Maurice "Hank" Greenberg said in a filing on Friday that he was considering "strategic alternatives" for the world's largest insurer.
There's a flurry of selling going on this morning in shares of the biopharma Vertex Pharmaceuticals. Overnight the embargo lifted on the long awaited results of the company's mid-stage test on a new type of Hepatitis C drug. Two studies show that six months out 60% and 65% of patients had no detectable virus in their blood.
This morning we got more evidence about the havoc generic Zocor is wreaking on all of the companies that make brand-name statins--the pills to fight cholesterol. AstraZeneca is the latest casualty. On a down day in the markets AZN is one of the biggest losers in the sector.
As expected, Chrysler is wasting little time in downsizing both its work force and struggling line-up of vehicles. Today, the automaker announced it will cut another 8,500 to 10,000 jobs, including 1,000 white collar employees. This round of downsizing is on top of the 13,000 job cuts announced earlier this year as part of the plan to get Chrysler back in the black.
You gotta hand it to the folks over at Goldman Sachs, but particularly Brent Bracelin at Pacific Crest Securities who issued a note on Oct. 8, raising his estimates on Dell and singing the company's praises as it emerges from a financial purgatory gripping the company for more than a year.
The rapid fall of Stanley O'Neal from the helm of Merrill Lynch has left investors wondering who else in the banking industry may pay a price for the U.S. subprime mortgage crisis.
Fashion parties are inherently uncomfortable, well-dressed and sometimes awkward events. They can also be a lot of fun for anyone who enjoys getting dressed up having cocktails and looking at beautiful objects/designs. When fashion intersects with retail (the business of selling these sometimes artistic/sometimes commercially minded clothing creations), my job occasionally involves attending some of these parties.
Shares of Merrill Lynch rose as investors bet the biggest U.S. brokerage wouldn't keep investors waiting too long before announcing a replacement for Stan O'Neal.
The anticipated departure of Merrill Lynch Chief Executive Stan O'Neal would mark a surprising flameout in a career that had been impressive in its ascent.
TheStreet.com's senior biotech writer Adam Feuerstein broke this story earlier today, but now we've confirmed it independently. The American Society of Clinical Oncology (ASCO) is changing its ways.
BlackRock Chief Executive Laurence Fink has long been on Wall Street's short lists to run any one of America's top investment houses. Now he may get a chance to prove that he can do the job.
Northwest Airlines on Monday said it swung to a profit in the third quarter as it kept fuel and other costs under control and moved on from its bankruptcy restructuring.