Rubin Plans to Step Down at Citigroup
Robert E. Rubin, the former Treasury secretary who is an influential director and senior adviser at Citigroup, will step down after coming under fire for his role in the bank's current troubles, The New York Times's Eric Dash reports. Since joining Citigroup in 1999 as an adviser...
DealBook - New York Times - 1 hour ago
The Ratings Game: With new CEO, AllianceBernstein is set for change: analyst
AllianceBernstein was one of the worst-performing asset managers last year and now could be swept up in a sea change, according to an analyst's report.
MarketWatch Personal Finance - 2 hours ago
Lawmakers bolster rights of those who suffer wage bias
Workers who are underpaid by discriminatory employers are one step closer to getting stronger legal recourse after a Friday vote by House lawmakers to amend civil rights legislation.
MarketWatch Personal Finance - 2 hours ago
Anti-discriminatory fair-pay bills pass in House
WASHINGTON (MarketWatch) -- Workers who are underpaid by discriminatory employers are one step closer to getting stronger legal recourse after a Friday vote by House lawmakers to amend civil rights legislation. Representatives voted 247 to 171 in favor of the Lilly Ledbetter Fair...
MarketWatch Personal Finance - 3 hours ago
A stock to stomach tough times
The restaurant industry is struggling mightily as the economy slumps further into recession, food costs rise and consumers tighten their grips on their wallets.
Fortune Magazine - 1 hour ago
Yahoo's Share Of All Search Advertisers Drops36% in Q4 (YHOO)
After holding steady for most of 2008, Yahoo's share of all search engine advertisers dropped like a rock in October, November and December -- plummeting from 30.4% to 19.4% at the end of Q4, according to search marketing firm AdGooroo. Microsoft, meanwhile, added to its share of...
Silicon Alley Insider - 1 hour ago
Executive to Leave Deutsche Bank to Start Hedge Fund
Even though many hedge funds are seeing capital fly out the door, Boaz Weinstein, Deutsche Bank's co-head of global credit trading, plans to leave the bank to start a hedge fund of his own. The 35-year-old Mr. Weinstein, who is leaving the bank sometime in the second quarter, is...
DealBook - New York Times - 1 hour ago
Cult Comic XKCD's Hilarious Windows 7 Beta Review (MSFT)
Ha. Windows 7, from geek-fav XKCD. See Also:No Windows 7 Until 2010? Windows 7: Some Minor Improvements, No Game ChangerMicrosoft All But Abandons Vista: Upgrades To 7 To Be Offered In July
Silicon Alley Insider - 5 hours ago
Bank Chiefs Curb Lending Despite TARP, Survey Says
A survey of 100 bank chief executives conducted by analysts at UBS suggests that the Troubled Asset Relief Program has done little to encourage bank lending, as Washington hoped it would.
DealBook - New York Times - 2 hours ago
Analyst Actions: Palm, Children's Place, J.Crew, Men's Wearhouse, Healthways
Business Week Investing - 2 hours ago
Bankruptcy Survival Guide for Businesses
How to keep a business afloat after filing for bankruptcy protection.
smSmallBiz - 4 hours ago
Paradox: Stay the Course or Bail
I’ve posted before on the paradox of planning, meaning that sometimes you need to stick to the plan, and sometimes you need to revise. And leadership, and management, is knowing how to tell which situation is which. There are no formulas for that. Some things are always...
Small Business Trends - 3 hours ago
Close to Midnight for Dow's Rohm Deal
Dow Chemical's $15.3 billion acquisition of Rohm & Haas was cleared by the European Commission on Thursday. Under the acquisition agreement, the only remaining condition to Dow's obligation to complete the transaction is United States antitrust clearance from the Federal...
DealBook - New York Times - 3 hours ago
Year-End Tax Tips for BusinessesPart I
Make these three moves now and cut your business' tax bill for 2008.
smSmallBiz - 4 hours ago
Stand Out: Counsel From Customers Helps Software Maker Grow
Steve Sarowitz, founder of payroll software provider Paylocity, answers our questions.
smSmallBiz - 4 hours ago
Starting Up: Tech Cos Offer Range of Financing Deals
Can't afford to pay for new technology upfront? Try one of these financing deals.
smSmallBiz - 4 hours ago
Quick Tips: Boosting Your Online Search Profile
Improve the odds that prospective customers will stumble upon your business online.
smSmallBiz - 4 hours ago
Stand Out: Company Finds Niche in New Media
Clay McDaniel, co-founder of interactive marketing firm Spring Creek Group, answers our questions.
smSmallBiz - 4 hours ago
Starting Up: 6 Ways to Profit From Social Media Tools
Boost business by offering blogs, video and other content that appeal to customers.
smSmallBiz - 4 hours ago
Zappos.com Dips Toe Into Management Consulting
Want to follow in the successful online shoe retailer's footsteps? Now you can.
smSmallBiz - 4 hours ago
Stand Out: This Biz Simplifies Bringing in a Project on Time
Mike Samson and Ross Kimbarovsky, co-founders of graphic design marketplace crowdSPRING, answer our questions:
smSmallBiz - 4 hours ago
The Return of Rock?
Two entrepreneurs aim to revive the New York City rock venue CBGB.
smSmallBiz - 4 hours ago
News Corp Siblings, Wall Street Journal and MySpace Partner For Davos -- Awkward! (NWS)
Ever since before News Corp chairman Rupert Murdoch bought the Wall Street Journal, the fear in that newsroom has been that the Australian mogul would drag the illustrious paper into the mud -- down where Rupe likes to play with Darva Conger from "Who Wants To Marry A...
Silicon Alley Insider - 8 hours ago
Two Ex-Microsoft Search Execs Go To eBay (EBAY)
Two top executives behind Microsoft (MSFT) search have ended up at eBay (EBAY). In 2006, Microsoft search gurus Christopher Payne and Dane Glasgow left Microsoft to start Positronic.net. We're not all that clear on what Positronic did, the company's "about" page doesn't add much...
Silicon Alley Insider - 2 hours ago
Microsoft Says Zune Store Makes Failed Zune Worthwhile (MSFT)
Microsoft should quit while it's behind. It's MP3 player, the Zune is a failure and everybody knows it. But instead of moving on, Microsoft (MSFT) has its Zune and Xbox boss Robbie Bach going around saying the whole failed entreprise was worth it because without the Zune, the...
Silicon Alley Insider - 3 hours ago
Coming To The New York Times: Bono (NYT)
U2 frontman, Elevation Partners partner and anti-bad things in the world activist Bono will be the New York Times's newest Op-Ed contribuor. His first column will appear on this Sunday's Op-Ed page and it'll be at nytimes.com/opinion too. "I've never been great with the full...
Silicon Alley Insider - 7 hours ago
Skype For Android No Threat To Wireless Carriers -- Yet (GOOG, EBAY)
Our first thought when we heard that eBay's (EBAY) Internet phone company Skype was making an app for Google's (GOOG) Android cellphones: Yikes, wonder what Android carrier T-Mobile (DT) thinks of that. Turns out, it's less of a threat than we thought. Skype for Android works...
Silicon Alley Insider - 4 hours ago
Do Us All Favor And Forget That Startup Idea
Do these bulletpoints draw your fury and ire? In general, start-ups are not the source of our economic vitality or job creation. The typical entrepreneur is very bad at picking industries and chooses the ones that are easiest to enter, not the ones that are best for...
Silicon Alley Insider - 4 hours ago
FHA needs to ramp up mortgage oversight, auditor says
The Federal Housing Administration needs to beef up oversight of its mortgage programs, a task that is both increasingly difficult and important as the agency's market share grows and its resources are stretched, according to Friday testimony by a government auditor.
MarketWatch Personal Finance - 6 hours ago
Palm's Stock Soars, Giving Elevation a Boost
Shares of Palm, which is backed by the private equity firm Elevation Partners, soared on Thursday and Friday amid excitement over the unveiling of the company's new Pre smartphone.
DealBook - New York Times - 5 hours ago
Yahoo Sleeps Through Palm Treo, Centro Era (PALM)
We're impressed that Palm's sexy new webOS smartphone platform and Pre gadget is mainstream enough news for Yahoo's (YHOO) extremely popular homepage. But Yahoo might want to study up on its gadget history. In the wee hours of this morning, the site called the Pre Palm's "first...
Silicon Alley Insider - 5 hours ago
eBay Disavows "Amazon.cm" Typosquatting Scam (EBAY, AMZN)
eBay (EBAY) says it has nothing to do with the typosquatting scam that redirects traffic from "amazon.cm" (no "o") to ebay.com. "We saw this a while back," an eBay spokeswoman tells SAI in a call. "We noticed there was an afiiliate in our network doing some shady stuff. We kicked...
Silicon Alley Insider - 6 hours ago
Dandelife's Struggles Offer Lessons for Start-ups
Two year old life-story repository Dandelife seemed to have everything going for it. It launched to praise from some of the biggest tech blogs on the web, it built a wildly loyal user base and its company advisory board was stocked with some of the biggest names in social media. ...
DealBook - New York Times - 10 hours ago
Germany Takes Stake in Commerzbank
The German government on Thursday took a quarter stake in Commerzbank, the country's second-largest bank, as it stepped up efforts to stabilize the financial system and consolidate one of Europe's most fragmented banking landscapes, The New York Times's Carter Dougherty reported....
DealBook - New York Times - 10 hours ago
Why Isn't Bernard Madoff in Jail?
There are grounds for putting Bernard Madoff in jail even though he poses no physical threat to the community, which is the usual ground for pretrial detention, Peter J. Henning, a professor at Wayne State Law School, writes on The Deal Professor blog.
DealBook - New York Times - 6 hours ago
Yelp jumps the pond
People gotta eat. They need plumbers and carpet cleaners and attorneys and dentists. And not just in the United States. These are global necessities, and now more than ever, we all have to be careful about how we spend our money on such things.
Fortune Magazine - 6 hours ago
Hot iPod Sales Could Hurt iPhone (AAPL)
Palm rare gainer as most tech stocks slump early Insider Sells $28 Million of National Semi Post-Dispatch lays off 39 eMarketer: Top 10 Predictions for 2009 Internet Search up 10% YoY to $8.1B in November, Driven by Google Rising Popularity Of iPod Touch May Be Cutting Into...
Silicon Alley Insider - 6 hours ago
Tech.view: Hacking the hybrid
Why wait for the plug-in Prius? Make your ownPRIUS owners are a lot like Macintosh fans. They appreciate the product’s clean design, ingenious packaging, user friendliness and clever engineering. Also like many Macintosh owners, few Prius drivers feel an urge to open the...
Economist Daily Column - 6 hours ago
Obama's BlackBerry Endorsements Worth Up To $50 Million (RIMM)
You can't buy this kind of marketing: Talk that Obama is a BlackBerry addict. Or that Obama is fighting to keep his beloved smartphone, something his handlers are against. But let's say you could: How much is the "Obama and his phone" storyline worth to BlackBerry-maker Research...
Silicon Alley Insider - 7 hours ago
Hey, Obama, What Happened To "Buying American"? (RIMM)
No risk of protectionism in the Obama Administration, apparently. The President Elect is happily providing an estimated $50 million of marketing support for...Canadian company Research in Motion (RIMM). And thank goodness for that. In today's global economy, a lurch toward...
Silicon Alley Insider - 7 hours ago
A formula for stimulus with staying power
As we count down to Barack Obama's inauguration, it's clear there is an urgent need for a stimulus program of unprecedented proportion. Unlike our sluggish policy response to the financial crisis, we need to act boldly to stave off what otherwise threatens to be a brutal...
Fortune Magazine - 7 hours ago
Microsoft: Blu-ray Never Coming To Xbox 360 (MSFT)
No matter what else happens in the Xbox 360 vs PS3 fight, Sony (SNE) will always have one feature Microsoft forswears: Blu-ray. In an interview with Techflash, Microsoft Entertainment chief Robbie Bach rules out ever including the hi-def disc technology. It's not a feature we...
Silicon Alley Insider - 23 hours ago
Korean Carmaker Seeks Receivership
Ssangyong Motor Company became a casualty of the global economic downturn Friday, filing for receivership in a bid to stave off collapse, The New York Times's Choe Sang-Hun and Bettina Wassener reported. Ssangyong, the smallest of the five South Korean automakers, had been...
DealBook - New York Times - 10 hours ago
Ballmer: The Time For Yahoo Search Deal Is Now (YHOO)
Last we heard from Jerry, he was finally ready to do a search deal with Microsoft. And now, apparently, Steve Ballmer is, too. FT: The best time for a search pact between the companies was during the current management transition at both companies, Mr Ballmer said [in an...
Silicon Alley Insider - 19 hours ago
Tomb Raider Flops: Eidos In Trouble (EIDE.L)
Is the end near for the double-barreled Lara Croft? Shares of UK-based Eidos (EIDE.L), down 95% over two years, fell another 23% this morning after the company announced US and Canadian gamers shunned "Tomb Raider: Underworld" on the shelves this Christmas. The company warned its...
Silicon Alley Insider - 8 hours ago
Barclays Capital Names Canada I-Banking Head
Barclays Capital said Friday that it has appointed Tim Kitchen to head its investment banking operations in Canada, continuing the same role he held at Lehman Brothers. Mr. Kitchen, who joined Lehman in January 2007, will report to Joseph Gatto and Ros Stephenson, the co-heads of...
DealBook - New York Times - 8 hours ago
Quadrangle's Rattner Said in Line for Car Czar Position
Private equity mogul Steven Rattner is said to be under consideration to be the nation's car czar - but he has a few issues to unpack first. Mr. Rattner, the head of Quadrangle Group and a major Democratic Party fundraiser, has emerged as President-elect Barack Obama's leading...
DealBook - New York Times - 8 hours ago
I.P.O. Volume to Continue Drop in 2009, Analysts Say
Companies holding their breath for the right to go public, might want to exhale, according to a analyst report. Analysts at Bernstein Research said they did not expect the U.S. market for initial public offerings to hit bottom until 2010, The Financial Times said. "We expect...
DealBook - New York Times - 8 hours ago
Ron Burkle Goes Shopping at Whole Foods
Ron Burkle, the mogul who made his fortune buying and selling supermarket chains, has acquired a 7 percent stake in Whole Foods Market, generating lots of speculation about what his intentions are.
DealBook - New York Times - 9 hours ago
NRDC Is Said to Drop Stake in Peter Som's Label
At least one private equity firm is seeking to cut its exposure to the business of high fashion. NRDC Equity Partners, a firm focused on retailers, has dropped its two-thirds stake in Peter Som's eponymous fashion label, The New York Post reported citing unnamed sources. NRDC...
DealBook - New York Times - 9 hours ago
Face value: The enforcer
Can Neelie Kroes, Europe’s competition chief, stand up to governments as well as companies?WHEN Neelie Kroes was appointed as Europe’s competition commissioner in 2004, big business cheered. A Dutch politician who had served on the boards of more than 20...
The Economist - Business - 1 day ago
Obama On Blackberry "They're Going To Pry It Out Of My Hands."
As President, Barack Obama's Blackberry could get hacked. His emails and SMS messages could get subpoenaed by a would-be Ken Starr. But despite a widespread expectation the presidential Blackberry addict will have to give up his cell phone, he hasn't given up yet. NYT:...
Silicon Alley Insider - 1 day ago
Time Warner Slashes 2008 Guidance On Ad Collapse (TWX)
Time Warner (TWX) says its November 5 guidance for the rest of fiscal 2008 will be off by $370 million to $380 million. The main reason is a $280 million charge resulting from a suit from Turner Broadcasting, but the company also admits: "The economic environment has proved...
Silicon Alley Insider - 1 day ago
Wall Street Blues Hit Princeton, Too
Princeton University is tightening its belt as its endowment takes a big hit because of the downturn in the markets.
DealBook - New York Times - 1 day ago
Paulson Sees Changes for Freddie and Fannie
Treasury Secretary Henry M. Paulson Jr. said on Wednesday that allowing the mortgage finance giants Fannie Mae and Freddie Mac to return to their old operating ways was not an option. Congress and the next administration must decide the proper role government should play in...
DealBook - New York Times - 1 day ago
How to manage your business in a recession
Exciting as it is to be living through historic economic drama, you can't just stand by and watch. You have to act - yet you have no script.
Fortune Magazine - 1 day ago
CNBC's Maria Bartiromo: Surprisingly Curious About Adult Films In 3D (CLIP)
In this clip, CNBC's Maria Bartiromo wants to know: Will 3D translate well into adult films? Dreamworks boss Katzenberg assures her: "You're going to see the finest filmmakers in the world. Jim Cameron, Steven Speilberg, Peter Jackson, Bob Zemeckis, George Lucas -- Everyone one...
Silicon Alley Insider - 23 hours ago
Mutual Funds: Investors in 2009 could take two steps forward, one step back
As a new year unfolds, there's reason to hope. Not that stocks and the economy will stage a speedy recovery, but that conditions at year-end will be less bad than they've been. A lot can happen in a year: fiscal stimulus efforts can begin to thaw the credit markets, housing...
MarketWatch Personal Finance - 21 hours ago
Realty Q&A: Here's what to do if your home-equity line is cut
I had my line of credit cut in half and am having a very difficult time getting it reinstated.
MarketWatch Personal Finance - 21 hours ago
Dow Jones Freezes Salaries
From Clusterstock: Rupert Murdoch zips his pocket book shut.
Silicon Alley Insider - 1 day ago
Economic Report: Consumer credit drops record $7.9 billion
U.S. households paid down a record $7.9 billion in consumer debt in November, the third month in the past four in which they paid off more debt than they took on.
MarketWatch Personal Finance - 1 day ago
Carol Bartz For Yahoo CEO? Who Knows? (YHOO)
Kara Swisher floats another name for Yahoo CEO: former Autodesk chairman, president and CEO Carol Bartz. Many I have spoken to inside and outside of Yahoo with knowledge of situation said the company is winnowing down its list to a few internal and external candidates and...
Silicon Alley Insider - 1 day ago
Private Equity Fund-Raising Hits a Wall
After appearing to shrug off the market gloom for three quarters, private equity fund-raising had a sudden and severe slowdown in the fourth quarter of 2008, according to analysis released Thursday by Dow Jones Private Equity Analyst.
DealBook - New York Times - 1 day ago
TD Ameritrade to Buy thinkorswim for $606 Million
TD Ameritrade said Thursday that it is buying thinkorswim for about $606 million in cash and stock, solidifying TD Ameritrade's standing as one of the largest online brokerage firms. The deal will bring together TD Ameritrade, whose focus historically has been on stock trading,...
DealBook - New York Times - 1 day ago
A Time Warner Deal That Keeps Going Downhill
One year from now, almost to the day, will mark the 10th anniversary of the announcement of what could be the worst corporate marriage in history, the union of America Online and Time Warner. And, The New York Times's Tim Arango writes, still the effects are being sifted. The...
DealBook - New York Times - 1 day ago
Shares Swoon on Dim Earnings Forecast
New worries about corporate losses and soaring unemployment pummeled Wall Street on Wednesday, wiping away nearly all the gains stocks had made since the beginning of the year, The New York Times's Jack Healy reported. Oil prices plunged 12 percent on news that stockpiles had...
DealBook - New York Times - 1 day ago
Danger: high levels of company stock
Question: I'm 48 years old and have about 90% of my 401(k) invested in my company's stock and the rest in an international equity fund. I want to diversify further, but don't know where to turn. Any suggestions? --J.D., Glenville, New York
Money Magazine - 1 day ago
Why you can't trust your gut in this market
If you think you're immune to market panic, consider this experiment.
Money Magazine - 1 day ago
Wells Fargo Chief Sees Job Cuts After Wachovia Deal
The chief executive of Wells Fargo, John Stumpf, whose company acquired Wachovia, said on Wednesday that minimizing job losses will be a priority but added that some cuts would begin this year. Mr. Stumpf told The Charlotte Observer that he does not know how many jobs will be...
DealBook - New York Times - 1 day ago
Better BlackBerry Curve Coming Next Month (RIMM)
We've heard from a bunch of you who have no interest in RIM's (RIMM) new flashy, consumer-focused BlackBerry gadgets -- like the leather-grain-backed Bold and the iPhone-lookalike Storm. Many of you just want a better BlackBerry -- an upgrade of your current Curve or similar...
Silicon Alley Insider - 1 day ago
Fleming Is Leaving Merrill Lynch to Go to Yale
Gregory J. Fleming, the president of Merrill Lynch, is resigning from the securities firm in the wake of its acquisition by Bank of America on Jan. 1 and will take a teaching position at Yale University. Yale Law School confirmed news reports about his departure on Thursday...
DealBook - New York Times - 22 hours ago
Falco's Memo Promoting Ted Cahall To President Of Products (TWX)
Ted Cahall is the new president of products at AOL. Tough job -- AOL's ad revenues could be down as much as 18% year-over-year. From AOL CEO Randy Falco's company-wide re-org memo we learn: Ted will be overseeing Mail, Truveo, Mobile, Toolbar, Safety & Security, Parental...
Silicon Alley Insider - 1 day ago
Web 2.0 is so over. Welcome to Web 3.0
Financially speaking, Web 2.0 has been a total bust.
Fortune Magazine - 1 day ago
Why Fred Wilson Hates AT&T (T)
With a stream of vitrolic twitter messages, Union Square Ventures VC Fred Wilson joins the campaign against Apple (AAPL) iPhone service provider AT&T and its various grinches: See Also:AT&T's iPhone Grinch (AAPL)
Silicon Alley Insider - 1 day ago
Another Useless iPhone App From Microsoft: 'Tag' (MSFT)
First, Microsoft (MSFT) brought the 'Seadragon' app to Apple's (AAPL) iPhone, a cool but utterly pointless showpiece for new photo-zoom technology. But Microsoft iPhone development isn't stopping there: The company has released 'Microsoft Tag' for the device, enabling iPhone...
Silicon Alley Insider - 1 day ago
Shades of Madoff: Another Ponzi Scheme Emerges
The government has discovered another long-running Ponzi scheme. This time, however, it totaled $50 million - a mere fraction of Bernard L. Madoff's purported $50 billion scheme. Still, the Madoff scandal may have contributed to the unraveling of this latest Ponzi scheme. The...
DealBook - New York Times - 1 day ago
Yahoo Shareholder Ridicules Microsoft-Financed Buyout Plan (YHOO)
TechCrunch's Michael Arrington says a bunch of Valley folks are looking to borrow $20 billion from Microsoft to buy Yahoo for about $15 a share.* Yahoo's search business would be sold to Microsoft, Yahoo's management would get canned, etc. No word on what Microsoft thinks of...
Silicon Alley Insider - 1 day ago
Should the Feds Delay the DTV Transition?
TV tech is hitting some speed bumps on its way into the Digital Age. One of the country's most influential consumer groups is asking the government to push back the Feb. 17 deadline when so-called analog TV signals are due to go dark, making way for digital signals. The...
Business Week Tech Beat - 1 day ago
Fed expands liquidity program for money market funds
WASHINGTON (MarketWatch) -- More institutions will be eligible to participate in the Federal Reserve's Money Market Investor Funding Facility, the Fed said Wednesday. In addition to money market mutual funds, the Fed will buy assets from other funds that operate in a similar...
MarketWatch Personal Finance - 2 days ago
Exelon Claims 46% of NRG Shares in Hostile Tender Offer
The battle between Exelon and NRG heated up on Wednesday, after Exelon said that it has garnered nearly 46 percent of its fellow power company's stock through a hostile tender offer. At the close of business on Tuesday, NRG shareholders tendered 106.3 million shares, representing...
DealBook - New York Times - 2 days ago
Vital Signs: Economy's Worst Quarter since 1981-82 Recession?
Business Week Investing - 23 hours ago
Nasdaq Chief Urges Regulatory Merger
The chief executive of Nasdaq OMX is joining the tub-thumping for a merger of U.S. securities and futures regulators, saying it's incomprehensible that they both monitored the same products. "Two different agencies with two very different approaches essentially monitor the same...
DealBook - New York Times - 9 hours ago
CES: Wireless Goes Mainstream?
Is wireless the new black for the consumer electronics industry? At the annual Consumer Electronics Show, the number of announcements from various companies certainly point to more uses coming soon for wireless beyond traditional WiFi. One of the more intriguing...
Business Week Tech Beat - 19 hours ago
CES: Shure Offers Microphones for the Masses
Shure, which has profited handsomely off the digital music player craze with its headphone lineup, is betting it can squeeze a few more dollars out of Web-connected consumers. The privately held company at the Consumer Electronics Show took me on...
Business Week Tech Beat - 19 hours ago
TCI Co-Founder Degorce Leaves Firm
A founder of The Children's Investment Fund has left the high-profile British activist hedge fund, Reuters reported Friday. Patrick Degorce, who wrote a 2007 letter criticizing ABN Amro - which led to the eventual sale and break-up of the Dutch bank - left TCI's partnership on...
DealBook - New York Times - 9 hours ago
Merrill's Chief Asia Strategist to Leave, Reports Say
Mark Matthews, the chief Asia strategist at Merrill Lynch, has reportedly left the firm, in what would be the latest executive departure from Merrill, following the investment bank's takeover by Bank of America. On Thursday, the firm's investment banking chief, Gregory J....
DealBook - New York Times - 9 hours ago
Citigroup Sees $1.4 Billion Charge Over LyondellBasell
Citigroup expects to take a $1.4 billion pre-tax charge in its just-completed fourth quarter related to its exposure to LyondellBasell, the world's third-largest petrochemical company, whose U.S. operations filed for bankruptcy protection this week. In a statement late Thursday,...
DealBook - New York Times - 9 hours ago
After Madoff, Regulatory Oversight of Auditors Is Back
The Securities and Exchange Commission has quietly backed away from a rule that had allowed the accounting firm that audited Bernard L. Madoff Investment Securities to avoid oversight by a regulator that was created after the Enron and WorldCom scandals, The New York Times's...
DealBook - New York Times - 9 hours ago