GOLDMAN SACHS

Paul Volcker, former chairman U.S. Federal Reserve takes part in the Spruce Meadows Changing Fortunes Round Table on business in Calgary

Volcker Rule Draft Gives Banks Ability to Hedge

A draft proposal of the Volcker rule that cracks down on banks' proprietary trading gives firms flexibility to hedge risk, and sets stringent limits on such trading beyond U.S. borders to address fears the rule will put U.S. firms at a disadvantage.

Microsoft Considers Bidding for Yahoo

Yahoo
Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday.

Yahoo Surges 10% on Reports of Renewed Microsoft Bid

Yahoo Q3 Earning Slumps
In 2008, Microsoft tried -- and spectacularly failed -- to buy Yahoo at a price of $33 per share, which valued the company at about $47.5 billion. Yahoo now has a market cap of about $20 billion and is trading at just under $16 per share.
A huge Euro logo is pictured past the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011.

Services data stir euro recession worry

The euro zone's services sector shrank for the first time in two years in September as new orders dried up, stoking fears that the region's economy could be heading back into recession.
More news
Gold bars in Vienna

Gold Prices Fall as Investors Brace for Results of Greek Default

Gold prices fell Tuesday, weighed down by panicking investors preparing for the fallout of a Greek sovereign debt default -- damage to European banks and falling business activity on the continent and perhaps the U.S. -- by dumping stocks and abandoning the euro and buying dollars.
Starbucks CEO Howard Schultz

Starbucks New Job Creation Fund Follows Trend of Corporate Giving

Starbucks announced Monday that it was teaming up with Opportunity Finance Network to launch Create Jobs for USA, which will pool donations for Starbucks customers, partners (employees) and concerned citizens into a nationwide fund for community business lending. This follows a trend that other companies, such as McDonald's, have taken to give back to the community while also boosting sales .
Economy signals a sluggish rebound

Canada wants BoC's Carney to be next FSB head

Canada wants its central bank governor, Mark Carney, to become head of the Financial Stability Board, the country's finance minister said on Monday days after a highly publicized clash between Carney and one of the world's most powerful bankers.
Michael Ovitz, former Disney President arrives at the Sun Valley Resort in Sun Valley, Idaho

IMG board votes to oust Ovitz after failed bid

The advisory board of IMG held a conference call on Friday to discuss what to do about Michael Ovitz's play to take over company management, according to an individual with knowledge of the call.
Shanghai's new financial district skyline is seen from the opposite side of Huang Pu river.

Chinese Private Equity Firms Set Sail Abroad

Flashed on the side of a building here in Shanghai's historic Bund district, an image shows a giant ship named Hony, setting sail from China, traveling past the Statue of Liberty, past Big Ben, and bringing home crates of golden coins.
IBTimes Logo

SGX, LSE in Joint Bid for London Metal Exchange: Source

The Singapore Stock Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion pounds ($1.57 billion).
To match Special Report LME-WAREHOUSING

More Than 9 Suitors Court London Metal Exchange

Interest in the London Metal Exchange as a takeover target has snowballed and the number of suitors has risen to double digits because business is booming with volumes at record levels, its chief executive Martin Abbott said.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.