The Darlings tells a fictional tale about the downfall of a hedge fund and the wealthy family that owns it during Wall Street's 2008 meltdown, but many aspects of the novel are drawn straight from author Cristina Alger's reality.
TransUnion Corp., the third largest provider of credit information to banks and consumers, said Advent International Corp. and Goldman Sachs Group Inc.'s private equity arm agreed to buy the company from Chicago's billionaire Pritzker family and local private equity firm Madison Dearborn Partners LLC for over $3 billion.
Prompted by a delay in a big trade of a popular exchange-traded fund, the U.S. Securities and Exchange Commission is taking a closer look at a possible connection between high-frequency traders and hedge funds jumping in and out of ETFs, among other areas, according to a person familiar with the matter.
Mitt Romney and Ron Paul have proven their friendship on the campaign trail, but would Romney-Paul 2012 be a strong ticket?
Shares of Baidu, China’s equivalent of Google, fell as much as 5 percent early Friday after the company reported stronger-than-expected earnings.
Yelp, the San Francisco-based review website, could get a pop in its initial public offering if the overall market continues on a tear.
Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
Baidu, China’s equivalent of Google, reported fourth-quarter earnings rose more than expected due to heavier Internet use and sales.Baidu said net income rose 77 percent to $326.3
Generation Investment Management, the investment firm run by Al Gore and David Blood, released a white paper encouraging financial companies to adopt sustainable capitalism guidelines.
John Reed, who helped engineer the merger that led to the creation of Citigroup, told the SEC that the agency needs strengthen the rule to avoid the high-risk trading activities that helped cause the collapse of the world's financial system.
The Dow Jones Industrial Average rose 0.76 percent to 12,884.75 by early afternoon trading, while the Nasdaq rose 1.01 percent to 2,945.17. The S&P 500 rose 0.83 percent to 1,354.37.
Former U.S. vice president Al Gore wants to end quarterly reporting by companies and explore issuing loyalty-driven securities as part of an overhaul of capitalism that he says has turned many of the world's largest economies into hotbeds for irresponsible short-term investment.
Moody's Investors Service placed 114 financial firms , as well as 17 banks and securities firms with global capital markets operations, under ratings review due to the ongoing Eurozone crisis.
Wall Street stocks were set to open little changed on Thursday as concerns about a possible downgrade of global banks by Moody's were offset by upbeat U.S. data on the labor and housing sectors.
Stock index futures fell on Thursday after a Moody's warning of a possible downgrade of global banks and a further holdup in a bailout for debt-laden Greece.
Stock index futures fell on Thursday as a Moody's warning of a possible downgrade of global banks and a further holdup in a bailout for debt-laden Greece kept investors nervous.
Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the eurozone government debt crisis is spreading throughout the global financial system.
Moody's Investors Service placed the ratings of Bank of America Corp., Citigroup Inc. and Goldman Sachs Group Inc. on review for possible downgrade because it says the business' profitability will be diminished longer term.
Moody's Investor Service warned Thursday it could downgrade the credit ratings of 17 global banks and securities firms due to more fragile funding conditions, increased regulatory burdens and a more difficult operating environment.
Apple CEO Tim Cook offered a tantalizing sneak peek of Apple's future strategy to investors at the Goldman Sachs Technology and Internet conference in San Francisco on Tuesday.
Apple CEO Tim Cook spoke briefly about Apple TV--the set-top box Apple product--at the Goldman Sachs Technology Conference on Tuesday. Cook alluded to the fact that Apple may be exploring other ways to market a TV product.
New Yahoo CEO Scott Thomson faces a new nightmare: activist shareholder Third Point Capital has upped its holdings and launched a proxy battle to control the company.
