INVESTMENT

NYSE trading post

Someone Goes All In on Bank of America (NYSE:BAC)

A market participant with apparently $400 million in cash lying around just became one of Bank of America's (NYSE:BAC) largest shareholders. Between 11:01 and 11:02 a.m. New York time, trade in Bank of America spiked as over 72 million shares changed hands.

Entrepreneurs and Investment: Past, Present … Future?

Occupy Denver protesters rally in front of the U.S. Federal Reserve bank in downtown Denver
Whenever economists discuss the “big picture”— where we’ve come from, where we’re going— someone is bound to bring up Joseph Schumpeter. Schumpeter (1883-1950) was, in fact, a master of thinking about the “big picture,” most famously in his writings on economic development, entrepreneurship, and the past and future of capitalist societies.
More news
IBTimes Logo

Asian Stocks Plunge on ECB Restraint

Asian stocks plunged Friday, following overnight declines on Wall Street, after the European Central Bank gave no indication of more government bond buying.
Zynga CEO Mark Pincus speaks during the Zynga Unleashed event at the company's headquarters in San Francisco, California

Zynga says it can double number of paid players

Zynga Inc Chief Executive Mark Pincus said the social games company can double the number of its paying players but he and other executives sidestepped questions about player retention and churn rates, speaking at a luncheon ahead of its IPO.
Zynga CEO Mark Pincus speaks at the Zynga Unleashed event in San Francisco

Zynga Says Can Double Number of Paid Players

Zynga Inc Chief Executive Mark Pincus said the social games company can double the number of its paying players but he and other executives sidestepped questions about player retention and churn rates, speaking at a luncheon ahead of its IPO.
Corzine painting

Who Killed MF Global? Corzine Blames Nearly Everyone but Himself

Outside consultants, accountants, regulators, and people who were at the company “before I arrived” all took actions that undermined the stability of the company, Corzine is set to tell the House Committee on Agriculture today, according to his written comments. Not responsible, though as Corzine acknowledges are “one of the recurrent themes in the media” was the firm’s relatively high ratio of leverage or its exposure to European sovereign debt.
IBTimes Logo

Face Off: Study Suggests Easy Way to Create Digital Faces

The ability to digitally transpose a human being's facial features on to the face of another person is no longer an expensive proposition. Kevin Dale, a graduate student at Harvard University, has claimed the creation of a technique that allows technicians to do just that, with minimum investment.
IBTimes Logo

ON THE MOVE:Advisory firm poaches three from Morgan Stanley

Washington Wealth Management, a start-up that is expanding nationwide by poaching Wall Street brokers and managers, on Wednesday said it hired three Morgan Stanley Smith Barney producers and opened offices near Las Vegas and San Diego.
Wall Street sign

Smaller Banks Will Do Better In This Environment: Lazard

As his peers in larger financial institutions are dealing with collapsing stock prices and laying off tens of thousands, the chief executive at boutique investment firm Lazard Ltd (NYSE:LAZ) said he believes smaller, more nimble investment banks like his are likely to benefit from trends developing on Wall Street.
Martha Stewart speaks to the audience at her trade show, called "Good Things", in New York

Penney adds Martha Stewart brand shops, equity stake

J.C. Penney Co Inc took a stake in Martha Stewart Living Omnimedia Inc and plans to open Martha Stewart shops within its stores, in the first big deal announced by its new chief executive as he tries to turn the department store chain around.
Rep. Barney Frank (D-MA) speaks at a news conference announcing that he would not seek a 17th term in congress next year in Newton

Frank Requests Hearing on Mortgage Abuses at Ally

Congressman Barney Frank on Wednesday asked his colleagues to hold a hearing on alleged mortgage abuses at Ally Financial, a day after the attorney general from his home state of Massachusetts requested that lawmakers investigate.
Shopping carts are seen outside a new Walmart Express store in Chicago

Wal-Mart in India Deal is Off: PM Manmohan Singh Backs Off Foreign Retailers Plan

India has retracted its plan to allow foreign retail chains like Wal-Mart and Britain's Tesco to open in the country, according to multiple reports. The reversal comes less than two weeks after the global business sector and the Indian government heaped praise on the original deal to let foreign retailers into India to jolt the country's economy and lower prices for farmers and consumers.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.