Facebook will pay a fee of just 1.1 percent to underwriters of its initial public offering, a source with knowledge of the company's plans said on Monday.
Apple Inc CEO Tim Cook, moving swiftly after taking over from late Silicon Valley icon Steve Jobs, fulfilled a longstanding desire of investors by initiating a quarterly dividend and share buyback that will pay out $45 billion over three years.
Facebook will pay just a 1.1 percent fee to underwriters of its initial public offering, according to a source with knowledge of the company's plans, doling out a much slimmer than typical payout.
U.S. and European investment banks may face headline risk again from credit ratings downgrades by Moody's Investors Service Inc. in the coming weeks, Nomura Securities warned Monday.
A source at Goldman Sachs Group Inc. who has been neither charged nor identified in a broad U.S. insider-trading probe was heard via wiretap leaking secrets about Apple Inc. and the Intel Corp., an attorney for former Goldman Sachs board member Rajat Gupta said in court on Friday.
Stocks were flat on Friday as data showed inflation remained in check last month as the domestic economy continues to improve, but consumer sentiment slipped.
Greg Smith resignation letter describing toxic atmosphere at investment bank undermines goodwill.
Several banks including Goldman Sachs have shown an interest in buying American International Group Inc's complex and troubled assets tied to the insurer's bailout, the Wall Street Journal said, citing people familiar with the matter.
The Goldman Sachs resignation letter heard around the world has increased pressure on U.S. regulators to quickly put in place a tough version of the Volcker rule, that forces Wall Street to stop betting aggressively for its own bottom line.
The Securities and Exchange Commission Thursday released a new economic analysis that will be used to justify a critical final rule that will determine which companies will face new regulations of their derivatives trading.
James Whittaker, a Microsoft executive who recently left Google after about three years, posted his Why I Left Google tell-all on a Microsoft blog a day before Greg Smith had his scathing Goldman Sachs op-ed posted in the New York Times. The Smith op-ed has taken the Internet and news world by storm in the first 24 hours since being posted. A London based executive director for the investment banking giant Goldman Sachs, Smith fired off a searing report March 14 on the company's toxic and des...
The retirement letter from Goldman Sachs Executive Director Greg Smith, which was published as an op-ed in the New York Times on Tuesday, has been the talk of the town and likely reason the company lost market value on Wednesday.
Greg Smith was a principled and competitive student, the kind of person whose strong sense of right and wrong probably pushed him to resign from Goldman Sachs in a scathing letter to an international newspaper, his former teacher and coach said.
James Whittaker, former Google employee, spouted off in a blog post on Tuesday entitled Why I Left Google, saying its social media efforts with Google +, for which he was the head of the engineering team, have been a failure threatened by competition with Facebook.
Whenever any event occurs, it seems like the Japanese create a short animated, albeit ridiculous, video about the subject. And of course, they even found a way to animate Greg Smith's op-ed about Goldman Sachs.
Why did Greg Smith's resignation letter go viral on the Internet?
Labels like liberal and conservative have become so over-used that I frankly must admit I have no idea what they even mean anymore.
The shares of Goldman Sachs dropped 3.4 percent in New York trading Wednesday, wiping $2.15 billion off its market value following allegations made by a former company executive that the firm took little interest in the clients and was also involved in exploiting them.
India's Finance Minister Pranab Mukherjee will present the budget to the Parliament on March 16 at a time when there has been a considerable worsening in the government's finances.
Greg Smith did not choose the subtle approach for his exit from Goldman Sachs, where he had worked for 12 years. Instead, Greg Smith decided to post his resignation letter in The New York Times for the entire world to read. The resignation letter, entitled "Why I am Leaving Goldman Sachs," included scathing commentary on the "toxic" environment at the bank, its lack of "moral fiber" and the "muppets" who work there.
Whatever buzz came from the post-FOMC statement and catapulted stocks up on Tuesday turned into a hush Wednesday afternoon. Equities started strong but ended with a whimper.
In the wake of the resignation of Goldman Sachs employee Greg Smith, The Daily Mash reports, in an exclusive interview, that the leader of the Galactic Empire, Darth Vader, will step down as leader of the most evil army in the galaxy.
