Citigroup to Slash up to 3,000 Jobs
Citigroup plans to cut approximately 3,000 jobs, or around one percent of its workforce, continuing a pattern of job cuts on Wall Street.
What Recession? Luxury Brand Retailers Can Barely Keep Up With Consumer Demand
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.
Yahoo: Latest Turn Could Let in Private Equity via PIPE
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 CEO: Wall Street could rebound
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.
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MF Global Bankruptcy Erodes Trust in Brokerage Firms
Almost two weeks after the bankruptcy of commodities firm MF Global Holdings Ltd., customers at rival firms are all asking the same question: How safe is my money?
Latest RIM Investor is Cooperman, Who Shook up Tyco
Troubled BlackBerry developer Research in Motion has a major new investor: Omega Advisors, the investment vehicle of activist investor Leon Cooperman, has acquired 1.43 million shares.
Post-Market NASDAQ Movers (SBSA, HMIN, UBNT, SREV, NVDA, FFHL, FMCN, ANDE, BRKS, ETFC)
The top after-market NASDAQ Stock Market gainers are: Spanish Broadcasting System, Home Inns & Hotels Management, Ubiquiti Networks, ServiceSource, and NVIDIA. The top after-market NASDAQ Stock Market losers are: Fuwei Films Holdings, Focus Media Holding, The Andersons, Brooks Automation, and E*TRADE Financial.
As Banks Stop Hiring, Industry Safety Net Rips Apart
The banking sector, enduring rounds of deep job cuts, faces the grim prospect of having nowhere to turn to for immediate employment in the industry, as nearly all branches of finance have pulled back on hiring.
Chipmaker Nvidia's Quarterly Results Beats Street
Nvidia Corp's third-quarter results beat estimates as the chipmaker refocused on smartphones and tablets in a tepid personal computer market, although its revenue forecast was a bit lower than expected.
Former Citigroup Boss Sanford Weill Lists Manhattan Penthouse for $88 Million [PHOTOS]
Sanford Weill, the former chairman and CEO of Citigroup, has listed his penthouse at 15 Central Park West for sale for $88 million.
U.S. Stock Index Futures Signal Bounce After Selloff
Stock index futures pointed to a rebound on Wall Street on Thursday, with futures for the S&P 500 up 1.1 percent, Dow Jones futures up 0.9 percent and Nasdaq 100 futures up 1 percent at 4:47 a.m. ET.
Manisha Girotra Quits UBS India
The head of India operations at UBS AG, Manisha Girotra, has resigned, according to an internal memo.
UBS India Head Resigns; Kamat Named New CEO: Memo
The head of India operations at UBS AG , Manisha Girotra, has resigned, according to an internal memo, the latest high-profile exit from the Swiss bank in the world's second-fastest growing major country.
Yelp IPO Scheduled For Q1 2012: The Social Media Bubble Expands
Online reviews site Yelp intends to go public in the first quarter of 2012, and has hired Goldman Sachs and Citigroup to lead the IPO. The social tech bubble is expanding...
Tech IPOs: Will Groupon Tempt Facebook, Others Now?
Now that Groupon has finally gone public, raising $700 million through its Nov. 4 IPO, how about some others in the pipeline as well as the king of them all, Facebook?
Goldman Faces Lawsuits Over $15.8 Billion in Mortgages
Goldman Sachs Group Inc faces lawsuits over $15.8 billion worth of mortgage securities, the bank said in a regulatory filing on Wednesday, a more than 30-fold increase from the amount disclosed three months earlier.
Wall St slides as Italy sparks debt crisis fears
Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.
Wall St drops as Italy fuels euro zone fears
Stocks dropped more than 2 percent in early trading on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.
Failing on Greece, EU Must Ring-fence Italy
One message from financial markets has become quite clear: attempts by the euro zone to ring-fence Greece and stop contagion to other, more significant economies has failed.
Yahoo Investor Loeb Renews Call for Yang’s Exit
Hedge fund manager Daniel Loeb, who took a five percent stake in Yahoo in September, is now demanding co-founder Jerry Yang step down.
Wall Street workers' pay to fall 20-30 percent: report
The average Wall Street bonus will decline by 20 percent to 30 percent this year, according to a closely watched compensation report, as banks cut costs and lay off workers in a weak environment for trading and deal-making.
Jefferies cuts certain Europe positions by half
Jefferies Group Inc the mid-sized investment bank trying to distance itself from bankrupt MF Global Holdings Ltd , said it reduced by half the gross positions in sovereign securities of certain European countries it had on Friday.
Eurozone Countries Could Split, Says Goldman Sachs Exec
Countries in the Eurozone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.
Euro zone countries could split, says Goldman Sachs exec
Countries in the euro zone will find it increasingly unattractive to stay in the single currency, if there is a German-led fiscal integration, the chairman of Goldman Sachs Asset Management said in a Sunday Telegraph interview.
Goldman's New Money Machine: Warehouses
In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.
CFTC Chief Won't Participate in MF Global Review: Report
The head of the U.S. futures regulator working on a sweeping review into the business practices of failed futures brokerage MF Global Inc. said he will not be participating in any further parts of the inquiry, a source told Reuters Friday.
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