A raft of bidders -- JPMorgan Chase & Co. among them -- is lining up for failed brokerage MF Global Holdings Ltd.'s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.
Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.
Goldman Sachs Group Inc. has promoted 261 employees to managing director positions, according to an internal memo sent this week. It is the lowest number since 259 were promoted to similar positions in 2008.
Goldman Sachs Group Inc promoted 261 employees to managing directors this week, according to an internal memo sent this week, as the bank seeks to retain top talent amid a wave of layoffs across Wall Street.
Banks in London, already on high alert for how to deal with a break-up of the euro zone, will on Tuesday be tested to see how they would cope with a cyber attack on their operations.
Negative rumors have turned Jefferies Group Inc. into the latest financial whipping boy. A controversial report from ratings agency Egan-Jones, which the firm has stood by, has spooked the markets. Jefferies is insistent that it remains solid. Who will investors believe?
Online reviews site for local businesses Yelp filed its initial public offering with the SEC Thursday. Goldman Sachs and Citigroup are the lead underwriters for the IPO, which is expected in early 2012.
The trustee liquidating MF Global Holdings Ltd's broker-dealer unit won court permission to distribute $520 million of cash, providing relief to customers whose accounts have been frozen since the futures brokerage went bankrupt.
Delphi Automotive Plc's
shares fell on debut, a day after the former General Motors auto parts unit priced its initial public offering at the low end of its estimated price range.Toronto's main stock market index closed lower on Wednesday as a new wave of fears about Europe's debt crisis hurt miners and banking shares, offsetting gains in the oil and gas sector.
China and India, the world's biggest mobile phone markets, are building fourth-generation (4G) networks based on the long-term evolution (LTE) technology.
The head of the International Monetary Fund's Europe department resigned suddenly on Wednesday, a year after taking on the crucial role, leaving the fund at a critical time as it grapples with the European financial crisis.
Chipmaker InvenSense Inc opened 11 percent above its offering price of $7.50 per unit on the New York Stock Exchange on Wednesday.
Standard Bank Group expects its clients to issue corporate bonds in excess of 10 billion rand over the next four months and is in talks with four offshore companies interested in inward listings in South Africa.
Shares of Research in Motion rose 2.5 percent in trade before the morning bell on Wednesday, after brokerage firm Goldman Sachs raised its rating on the shares of the BlackBerry maker.
Citigroup plans to cut approximately 3,000 jobs, or around one percent of its workforce, continuing a pattern of job cuts on Wall Street.
Upscale apparel and accessories retailers have been consistently outperforming the rest of the retail market, as they've been able to simultaneously roll back discounts and increase sales. A spike in sales for the most expensive of offerings, and at branded outlets, belies a more sinister reason for the surge: growing income inequality.
Reports Tuesday suggest that rather than auction itself to the likes of Microsoft or Walt Disney or to a private equity investor such as Silver Lake Partners or Providence Equity Partners, Yahoo may try a PIPE.
Goldman Sachs Group Inc Chief Executive Officer Lloyd Blankfein said it is too early to say that Wall Street business is down because the industry has fundamentally changed.
The phrase 'iPad killer' has been bandied about for so long that one could be forgiven for the mistake of thinking such a device actually exists. As it turns out, the true iPad killer, according to Goldman Sachs analyst Bill Shope, won't be another tablet but the iPad's own prohibitive price tag.
MF Global Holdings Ltd has been sued by former employees who said workers were not given proper notice before the November 11 firing of all 1,066 at its broker-dealer unit.
Members of Congress' super committee responsible for slicing $1.2 trillion from the deficit have faced an intense lobbying push since being appointed to the 12-member panel, but they all have long histories of accepting money from the industries and special interest groups clamoring for a seat at the table.
