Citigroup Inc said on Thursday it plans to raise up to $100 million through selling shares of its Primerica Inc life insurance unit, as the financial colossus looks to shed assets outside its main banking business.
Wall Street cash bonuses are set to increase by about 40 percent this year, the Wall Street Journal said citing a report by compensation consulting firm Johnson Associates.
Kraft Foods Inc, which has secured a $9 billion bridge loan backing an expected bid for UK confectioner Cadbury, has been contacted by more banks keen to join the deal, senior bankers said on Wednesday.
Motorola's growing popularity with its upcoming Motorola Droid smartphone with Google's Android operating system may help increase the company's market share, but analysts warn this will largely affect rivals like Research In Motion and Palm.
U.S. companies hurt by the global credit crisis are continuing to hold more cash, even as the economy begins to show signs of improvement, the Wall Street Journal said, citing its analysis of company filings.
* U.S. stock index futures pointed to a higher open on Wall Street on Monday, signalling a rebound after the previous session's steep losses, with futures for the S&P 500 SPc1 up 0.74 percent, Dow Jones DJc1 futures up 0.68 percent and Nasdaq 100 NDc1 futures up 0.02 percent at 0912 GMT.
Stock index futures pointed to a higher open on Wall Street on Monday, signaling a rebound after the previous session's steep losses, with futures for the S&P 500 up 0.74 percent, Dow Jones futures up 0.68 percent and Nasdaq 100 futures up 0.02 percent at 4:12 a.m. EST.
Bank of New York Mellon Corp Chief Executive Robert Kelly was recently approached about taking the CEO job at Bank of America Corp , but he has shown no interest in the job, The Wall Street Journal reported.
Permira, Bain Capital and a team of CVC Capital and Blackstone have made offers in the final round of bidding for Citigroup Inc's Japanese telemarketer Bellsystem24, seven people with direct knowledge of the deal said.
U.S. stocks slumped on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an accounting expert projected a $10 billion write-down for Citigroup .
Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
Credit Suisse (CSGN.VX), Banco Santander Brasil (SANB11.SA) and government-owned Caixa Economica Federal are raising nearly 2.9 billion reais ($1.7 billion) through a structured fund to finance corporate loans in Brazil, Valor Economico newspaper reported on Friday.
Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.4 percent, Dow Jones futures down 0.12 percent and Nasdaq 100 futures down 0.28 percent at 5:10 a.m. EDT.
Kenneth Feinberg, the Treasury bailout program's special master for compensation, who cut total compensation for top earners at seven bailed-out firms last week, increased base salaries at the companies, the Wall Street Journal said, citing its own analysis of Treasury data.
Billionaire investor Nelson Peltz made his name as an activist investor, but his strategy for money manager Legg Mason Inc, where he was named to the board on Monday, is far from obvious.
UBS AG hired a former Citigroup and Barclays Capital banker as managing director in its investment banking department in the Americas, as the Swiss company expects equity sales to increase in 2010.
Britain's top shares edged up 0.2 percent by midday on Monday as energy firms and drugmakers gained ahead of third-quarter earnings this week, outpacing a decline in banks and life insurers.
Commercial real estate company Capmark Financial filed for bankruptcy protection on Sunday, wiping out the investment of several private equity firms including Kohlberg Kravis Roberts & Co.
Pay czar Kenneth Feinberg emphasized on Friday his ability to claw back pay at any company receiving a taxpayer bailout, but said such an extreme action will be rare and far between.
Fortune Brands Inc reported a quarterly profit that topped analysts' estimates on Friday and said each of its business units performed at or above its expectations, sending shares of the consumer goods company up 2.4 percent.
Liabilities at Japan Airlines Corp would exceed its assets by as much as $8.8 billion if Asia's largest airline by revenues were liquidated, a source with direct knowledge of the matter said on Friday.
