NYSE Euronext said on Friday it is selling a significant equity interest in its derivatives exchange NYSE Liffe U.S., as it posted a 28-percent drop in third-quarter earnings.
US EQUTIES regained all of Wednesday's losses as risk tolerance jumped back into the markets after US 3rd quarter GDP beat expectations, in particular a downgrade released by Goldman Sachs earlier in the week.
U.S. stock index futures rose on Thursday ahead of data expected to show the economy grew in the third quarter, while jobless numbers and a round of corporate earnings were also on tap.
Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.
Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.
Investors could be disappointed if they anticipate tons of money waiting to get back into the stock market, since cash on the sidelines is much less than estimated, Goldman Sachs analysts said.
The benchmark S&P 500 index fell for a fourth straight day on Wednesday after disappointing housing data and a lower forecast for third-quarter U.S. growth by Goldman Sachs.
Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
Wall Street was poised for a lower open on Wednesday after disappointing results from overseas bellwethers, while investors questioned how much further the market's seven-month rally had to run.
Wall Street analysts on Tuesday cut their price targets on Baidu Inc, after China's dominant search engine forecast a sequential decline in fourth-quarter revenue due to the transition to a new Internet
advertising technology.
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Anonymous trading venues known as dark pools are a technological evolution that have benefitted both institutional and retail trading by bringing down transaction costs, Goldman Sachs Group Inc said in a memo to the Securities and Exchange Commission.
European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.
European Central Bank Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis and said they should preserve capital rather than pay it out to bankers and investors.
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.
Blackstone Group's Merlin Entertainments, the theme park group that owns Legoland and the London Eye, is preparing an initial public offering, the Financial Times website reported on Friday.
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.
Las Vegas Sands Corp may struggle to secure up to $2 billion in financing for mothballed projects and dent already-lowered valuations for the planned Hong Kong initial public offering of its Macau operations, bankers and analysts said.
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CIT Group Inc , a large finance company trying to avoid bankruptcy, reached a tentative agreement with Goldman Sachs Group Inc over a disputed payment on a $3 billion loan, Dow Jones Newswires reported on Thursday, citing people familiar with the matter.
The U.S. pay czar on Thursday slashed compensation for top earners at seven bailed-out companies for the final two months of the year, and was immediately slammed by the country's largest bank which claimed the cuts could send talent fleeing.
The U.S. pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.
