BATS Founder Still Pushes For IPO Despite 'Freak' Glitch Spoiling Rollout
BATS Global Markets, the U.S. exchange operator that withdrew its public offering Friday after a computer glitch sent its newly-issued stock into a tailspin, should develop a "credible IPO plan" and go through with it in the second quarter, its founder and current director said.
China's CCB Posts Higher Q4 Profit, But Loan Quality Worsens
China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders.
China's CCB posts higher Q4 profit, loan quality worsens
China Construction Bank , the world's No.2 lender valued at $193 billion, joined smaller rival AgBank in reporting earnings lower than the market had expected as China's slowing growth squeezes its top lenders.
Cash Mobs gather to splurge in locally owned stores
Flash mobs have been blamed as a factor in looting during urban riots. But now a group of online activists is harnessing social media like Twitter and Facebook to get consumers to spend at locally owned stores in cities around the world in so-called Cash Mobs.
Venezuela to pay $420 million to Williams and Exterran
Venezuela will pay Williams Cos Inc and Exterran $420 million for the 2009 nationalization of assets including a major gas injection project, the South American country's oil minister said on Friday.
Former Goldman Sachs executive seeking book deal: NY Times
Greg Smith, the former Goldman Sachs executive who resigned this month and condemned the investment bank in a scathing New York Times opinion column, is seeking a deal to write a book about his experience there, the newspaper reported.
U.S. seeks more interest in Alaska offshore drilling
The Obama administration on Saturday said it would again gauge interest from the oil and gas industry to explore federal waters off the Alaska coast, another bid to expand domestic energy production as gas prices soar and political pressure grows.
McDonald's new CEO Thompson a study in contrasts
Don Thompson's journey to the top spot at McDonald's Corp started in front of a computer, not a deep fryer.
McDonald's new CEO Thompson a study in contrasts
Don Thompson's journey to the top spot at McDonald's Corp started in front of a computer, not a deep fryer.
James Murdoch severs all ties with UK newspapers
James Murdoch has severed all ties with News Corp's British newspaper business, which is at the centre of multiple investigations over phone and computer hacking and bribery, according to regulatory filings.
U.S. World Bank pick to win broad support: Geithner
Jim Yong Kim, the U.S. nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, U.S. Treasury Secretary Timothy Geithner said in an interview.
BATS exchange withdraws IPO after stumbles
In a breakdown that resembled a mini version of the 2010 flash crash, a series of glitches hit the market debut of BATS Global Markets Inc on Friday, causing the company to take the extremely rare step of withdrawing its initial public offering of shares.
Newsmaker: McDonald's new CEO Thompson a study in contrasts
Don Thompson's journey to the top spot at McDonald's Corp started in front of a computer, not a deep fryer.
Newsmaker: McDonald's new CEO Thompson a study in contrasts
Don Thompson's journey to the top spot at McDonald's Corp started in front of a computer, not a deep fryer.
Optimistic on Greece, says EU task force boss
Greece is well on track in its efforts to improve how it monitors its finances, the head of the European Commission's special task force said, while adding that its banking system remained in difficulty.
U.S. to appeal WTO ruling against meat labels
The United States said on Friday it would appeal a World Trade Organization ruling against a law requiring country-of-origin labels on all meat sold in grocery stores, a move that disappointed Canada and Mexico, both of which want the law changed.
Brazil may shift jurisdiction of Chevron case
A judge in Campos, Brazil, could shift the criminal charges filed against Chevron and drill-rig operator Transocean to Rio de Janeiro, a decision that would remove a crusading prosecutor from the case.
MF Global's Corzine faces new scrutiny on customer accounts
Congressional investigators released details of emails from just before MF Global's bankruptcy that renew questions about whether anyone at the failed brokerage authorized the use of customer funds to cover an overdraft in London.
Signs of recovery grow in housing market
The battered housing market looks to be on the mend as buyers make a tentative return and house prices stabilize.
Wall Street Week Ahead: Last-minute shopping could lift stocks
Portfolio managers will be doing some last-minute shopping for winners from the big stock market rally as they take part next week in the quarter-end ritual of window dressing.
Apple's devoted shareholders get rich, and hang on
When Anton Marinovich turned 18, his grandmother gave him $1,000 with strict instructions to invest in the stock market. He chose Apple Inc.
Lockheed welcomes Norway backing of F-35 fighter
Lockheed Martin Corp on Friday welcomed news that Norway planned to increase its order for F-35 Joint Strike Fighter jets by four planes, and was considering pulling forward the delivery of two initial training jets by one year to 2015.
Market bounces back from 3-day losing streak
Stocks rose in light volume on Friday, buoyed by rising energy and basic materials shares, as the S&P 500 kept showing resilience even as it posted its second negative week so far this year.
Ex-MF Global official: Corzine approved money transfer: memo
Former MF Global official Edith O'Brien said in an October 2011 email that CEO Jon Corzine gave direct instructions to transfer $200 million from a customer account to cover an overdraft in a JPMorgan account in London, according to a congressional memo released on Friday.
SEC takes Wells Fargo to court to enforce subpoenas
U.S. securities regulators accused Wells Fargo & Co on Friday of repeatedly ignoring its subpoenas for documents in connection with a probe into the bank's $60 billion sale of mortgage-backed securities.
PepsiCo CEO compensation up 6 percent to $17 million
PepsiCo Inc Chief Executive Indra Nooyi had total compensation worth $17.1 million last year, up 6 percent from 2010, even as the food and drink company failed to meet its key internal performance targets.
HP hikes dividend by 10 percent
Hewlett Packard raised its quarterly dividend by 10 percent, making good on a pledge to shareholders even as it struggles to stabilize its operations and grow its revenue.
AOL hires Evercore to sell patent portfolio: report
AOL Inc has received buyout offers from private equity firms and has hired Evercore Partners Inc to help it sell its over 800 strong patent portfolio, Bloomberg reported on Friday.
Fed grappling with supervisory role: Bernanke
The Federal Reserve is still working out how best to supervise large financial institutions whose failure could cause domino effects across the financial system, Federal Reserve Chairman Ben Bernanke said on Friday.
BATS Global withdraws IPO
Exchange operator BATS Global Markets Inc , whose shares traded briefly on Friday before being halted due to technical glitches, said it is withdrawing its initial public offering.
