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Goldman sees value in alternative asset managers

Goldman Sachs said fundraising across alternative asset classes, particularly credit and real estate, remains robust in a low-rate, low-risk world, and sees more value in the stocks of asset managers that have a diverse mix.

CIA to software vendors: A revolution is coming

US Central Intelligence Agency
The U.S. Central Intelligence Agency told software vendors on Tuesday that it plans to revolutionize the way it does business with them as part of a race to keep up with the blazing pace of technology advances.
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Greece bailout

Dow Hits 13,000 as Global Markets Show Muted Relief on Greek Deal

Tuesday's long-awaited second rescue package for Greece steadied the euro and removed the immediate threat of a disorderly bond default, but markets remained cautious in early morning trading, fearful of what lies ahead for the stricken country.
Bhopal gas tragedy victim

Bhopal Gas Tragedy Derails Dow Chemical's Olympic PR Plan

Dow Chemical Co hoped an Olympic sponsorship would boost its global cache, but the company's link to a Bhopal gas leak tragedy 28 years ago threatens to curb some of the benefits from the $100 million advertising deal.
Staff member is silhouetted on a projector screen displaying a logo of Olympus Corp before a news conference in Tokyo

Foreign Investors Fear Japanese Banks May Hijack Olympus Board

Western investors in Japan's disgraced Olympus have accused its banks of trying to take control of the boardroom by stealth, amid media reports that the firm's major creditors are set to install their own appointees in the top jobs.
Goldman

Ex-Goldman Analyst Writes White Collar Crime Tale

The Darlings tells a fictional tale about the downfall of a hedge fund and the wealthy family that owns it during Wall Street's 2008 meltdown, but many aspects of the novel are drawn straight from author Cristina Alger's reality.
A Wall St. sign is seen outside the New York Stock Exchange

Wall Street Week Ahead: Stocks May Strain to Hold Highs

If upcoming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs.
Former Olympus President and CEO Michael Woodford speaks to the media at a news conference in London February 16, 2012.

Japanese Prosecutors May Charge Olympus in Accounting Scandal: Report

Japanese prosecutors are considering indicting the Olympus Corp. as a company for falsifying its financial reports to conceal huge investment losses in a $1.7 billion scandal, the Kyodo news agency reported on Sunday, quoting investigative sources.
CEO of the Blackstone Group Stephen Schwarzman speaks during a session at the World Economic Forum (WEF) in Davos January 29, 2010.

Why Stephen Schwarzman's Payday Risks Riling Blackstone Investors

Stephen Schwarzman, the boss of Blackstone, the world's biggest private-equity firm, made his fortune by buying, restructuring and selling companies -- delivering outsized returns for investors. These days, he is getting huge rewards for being the largest shareholder in what is more like an asset manager on steroids.
Republican Mitt Romney holds up a Boston newspaper announcing his victory in the Massachusetts Governor's race during his acceptance speech, November 5, 2002 in Boston.

Mitt Romney Takes Time to Recall Glory Days of 2002 Olympics

Struggling to retain his status as the Republican favorite for the White House, Mitt Romney attempted on Saturday to return to his glory days as CEO of the 2002 Salt Lake City Olympic organizing committee -- and the crowds at two tribute ceremonies in Salt Lake showed their appreciation.
Storm clouds form near a BP station in Alexandria, Virginia July 19, 2010.

Large BP Crude-Oil Refinery in Washington State Idled Following Fire

BP PLC idled production at its Cherry Point refinery in Washington state on Saturday, a day after a large fire broke out near the core crude oil unit of the third-largest plant on the West Coast. The idling of the plant near Ferndale, Wash., could drive fuel prices higher next week.
Malnourished child

India's Child Malnutrition a ‘National Shame’

Almost as shocking as India's high prevalence of child malnutrition is the country's failure to reduce it, despite the economy tripling between 1990 and 2005. It is in fact a national shame.
Malachy, winner of the Best-in-Show honor at the 136th Westminster Kennel Club Dog Show -- and owner David Fitzpatrick, right -- ring the opening bell at the New York Stock Exchange on Thursday.

U.S. Equity Market May Strain to Hold Nine-Month Highs

If the coming earnings from U.S. retailers are as unimpressive as the rest of the profit season has been, Wall Street could face a tough time justifying a stock market at nine-month highs. All things considered, strategists believe the market could face resistance in a push higher.
iOS 6

Apple Did Not Infringe Infringe HTC Technology

Apple Inc did not infringe patented technology owned by Android phonemaker HTC Corp, the U.S. International Trade Commission said on Friday, the latest ruling in the wide-ranging smartphone patent wars.
Traders work on floor of New York Stock Exchange

Stock-Market Indicators Forecasting Slump in Near Future

The major U.S. indices floated close to yearly highs Friday, but extremely low volumes of trading, divergences in the behavior of important sub-indices and various other technical indicators suggested U.S. equities might be in for a price-slashing correction soon.
UPS cargo aircraft are loaded with air containers full of packages bound for their final destination at the UPS Worldport All Points International Hub in Louisville

TNT Express Rejects $6.45 Billion UPS Bid

Dutch delivery firm TNT Express said on Friday its board of directors has rejected an unsolicited takeover offer from U.S-based peer UPS worth an estimated 4.9 billion euros, but it said discussions are continuing.
World of Warcraft

Video Game Publishers Move Unevenly Into Digital

Like other entertainment sectors, video games rely more and more on digital revenue as retail sales continue to decline, but publishers face plenty of fresh challenges in the rapidly changing industry.

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